SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
Pursuant to Section 13 OR 15(d)
of The Securities Exchange Act of 1934
Date of Report (Date of earliest event reported)
(Exact name of registrant as specified in its charter)
| (State or other jurisdiction of incorporation) |
(Commission File Number) |
(I.R.S. Employer Identification No.) |
| (Address of principal executive offices) | (Zip Code) |
Registrant’s telephone number, including area code
N/A
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
| Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
| Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
| Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
| Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Securities registered pursuant to Section 12(b) of the Act:
| Title of each class |
Trading |
Name of each exchange on which registered | ||
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
| Item 5.02 | Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. |
On October 3, 2022, Robin Raina, the Chairman and Chief Executive Officer of Ebix, Inc. (the “Company”), accepted the offer of the Company’s Compensation Committee to receive his annual base salary of $3,600,000 (the “Base Salary Amount”) in cash. Prior to October 3, 2022, he has not received any Base Salary Amount in either cash or restricted stock for 2022. He will be paid the full Base Salary Amount by the end of 2022. In 2019 and 2020, Mr. Raina received the Base Salary Amount in equivalent restricted stock in lieu of cash, and in 2021 he did not receive the Base Salary Amount in either cash or restricted stock.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| EBIX, INC. | ||
| By: | /s/ Charles Harrell | |
| Name: | Charles Harrell | |
| Title: | General Counsel | |
Dated: October 6, 2022
Document and Entity Information |
Oct. 03, 2022 |
|---|---|
| Cover [Abstract] | |
| Entity Registrant Name | EBIX INC |
| Amendment Flag | false |
| Entity Central Index Key | 0000814549 |
| Document Type | 8-K |
| Document Period End Date | Oct. 03, 2022 |
| Entity Incorporation State Country Code | DE |
| Entity File Number | 0-15946 |
| Entity Tax Identification Number | 77-0021975 |
| Entity Address, Address Line One | 1 Ebix Way |
| Entity Address, City or Town | Johns Creek |
| Entity Address, State or Province | GA |
| Entity Address, Postal Zip Code | 30097 |
| City Area Code | (678) |
| Local Phone Number | 281-2020 |
| Written Communications | false |
| Soliciting Material | false |
| Pre Commencement Tender Offer | false |
| Pre Commencement Issuer Tender Offer | false |
| Security 12b Title | Common Stock, $0.10 par value per share |
| Trading Symbol | EBIX |
| Security Exchange Name | NASDAQ |
| Entity Emerging Growth Company | false |