Title of each class: | Trading symbol: | Name of exchange on which registered: | ||||
Common stock, no par value | SCSC | NASDAQ Global Select Market |
Large accelerated filer | ☒ | Smaller reporting company | ☐ | |||||
Accelerated filer | ☐ | Emerging growth company | ☐ | |||||
Non-accelerated filer | ☐ | |||||||
Class | Outstanding at October | |
Common Stock, no par value per share | 25,540,209 |
Michael L. Baur AGE DIRECTOR SINCE December 1995 COMMITTEES None | Experience Michael L. Baur is our Chairman, Chief Executive Officer and President. Mr. Baur has served as our President or CEO since our inception, as a director since December 1995, and as Chairman of the Board since February 2019. Mr. Baur has been employed with the Company since its Qualifications Mr. Baur has served the Company since its inception and has developed a deep institutional knowledge and perspective regarding the Company’s strengths, challenges and opportunities. Mr. Baur has more than 30 years of experience in the IT industry, having served in various leadership and senior management roles in the technology and distribution industries before joining ScanSource. Mr. Baur brings strong leadership, entrepreneurial, business building and development skills and experience to the Board. |
Peter C. Browning AGE DIRECTOR SINCE June 2014 COMMITTEES Lead Independent Director and Chair of | Experience Peter C. Browning has served as a director of the Company since June 2014 and as Lead Independent Director since February 2019. He has extensive experience in business, serving as an executive officer of non-executive chair, lead director and chair of audit, compensation and governance/nominating committees. Mr. Browning currently servesQualifications Mr. Browning is a well-known authority on board governance and his knowledge and experience in that area are invaluable to our Board. He was the Dean of the McColl Graduate School of Business at Queens University of Charlotte from 2002 to 2005 and has served as the Managing Partner of Peter Browning Partners, a board advisory consulting firm, since 2009. Mr. Browning was selected for the “2011 and 2012 NACD Director 100 List” (a list of the most influential people in corporate governance in the boardroom). He co-authored a book on governance guidance, titledThe Directors Manual: A Framework for Board Governance |
Frank E. Emory, Jr. AGE DIRECTOR SINCE October 2020 COMMITTEES Serves on all committees | Experience Frank E. Emory, Jr. has served as a director of the Company since October 2020. Mr. Emory has served as Executive Vice President and Chief Administrative Officer of Novant Health since 2019. From June 2001 to December 2018, he served as a partner with Hunton Andrews Kurth LLP, an international law firm. Qualifications As a former partner of Hunton Andrews Kurth LLP, a former Chair of EDPNC, Inc., and executive of Novant Health (including serving as its Chief Administrative Officer), as well as service on numerous non-profit boards, Mr. Emory brings considerable experience overseeing legal, government relations, risk management, corporate audit, compliance, human resources and diversity, inclusion and health equity teams to the Board. |
Michael J. Grainger AGE DIRECTOR SINCE October 2004 COMMITTEES | Experience Michael J. Grainger has served as a director of the Company since October 2004. Mr. Grainger served as President and Chief Operating Officer of Ingram Micro, Inc., a technology distributor, from January 2001 to April 2004. From May 1996 to July 2001, he served as Executive Vice President and Chief Financial Officer of Ingram Micro, and from July 1990 to October 1996 as Vice President and Controller of Ingram Industries, Inc. Mr. Grainger currently serves on the board of directors of Ingram Industries, Inc., a multinational diversified private company. Qualifications As a former executive of Ingram Micro (including serving as its Chief Financial Officer), Mr. Grainger brings extensive knowledge of our industry and our competitive environment to the Board. He also brings extensive accounting and financial skills important in the understanding and oversight of our financial reporting, enterprise and operational risk management and corporate finance, tax and treasury matters. |
Charles A. Mathis AGE 61 DIRECTOR SINCE August 2021 COMMITTEES None | Experience Charles A. Mathis served as executive vice president and chief financial officer for Science Applications International Corporation (“SAIC”), a U.S. government IT services provider, from 2016 to 2021. Prior to joining SAIC, Mr. Mathis served as chief financial officer at the Company, from 2012 to 2016. Prior to joining the Company, Mr. Mathis was chief financial officer from 2008 to 2012 for Force Protection Inc., a global defense company. He also served as the chief financial officer for Fort Worth-based EFW, Inc., the U.S.-based subsidiary of the Israeli defense contractor, Elbit Systems, from 2006 to 2008. Qualifications As a former executive at SAIC, a Fortune 500 company (including serving as its Chief Financial Officer), Mr. Mathis has extensive experience in mergers and acquisitions, finance and accounting, financial controls, and U.S. government contracting and compliance. Mr. Mathis also brings an understanding of our Company and business, previously serving as Chief Financial Officer. Mr. Mathis completed his MBA from the University of Chicago. |
Dorothy F. Ramoneda AGE DIRECTOR SINCE November 2019 COMMITTEES Serves on all committees | Experience Dorothy F. Ramoneda has served as a director of the Company since November 2019. Ms. Ramoneda has been in the role of Executive Vice President and Chief Information Officer of First-Citizens Bank since January 2014. She also has served as Chief Information Officer and Vice President of Information Technology and Telecommunications at Progress Energy. Qualifications Ms. Ramoneda has extensive leadership experience serving as the Chief Information Officer of a Fortune 500 Company and in multiple industries. Ms. Ramoneda started her career at Arthur Andersen doing system integration, business process outsourcing and practice management. Over Ms. Ramoneda’s career, she has provided leadership for the continued development of innovative, robust, and secure information technology environments, giving her an understanding of the challenges and issues in our industry and the industries of many of our vendors and customers. |
John P. Reilly AGE DIRECTOR SINCE June 2001 COMMITTEES | Experience John P. Reilly has served as a director of the Company since June 2001. Mr. Reilly served as a partner of Ares Management, LLC, a global alternative asset manager, until June 2016. Ares acquired Keltic Financial Services, LLC in 2014, where Mr. Reilly was President and CEO from 1999 to June 2014. Prior to that, from 1977 to 1999, he held senior management positions in the Leveraged Buy-Out, Leasing, Corporate Finance and Private Banking divisions at Citibank, N.A. Mr. Reilly also serves on the Board of Directors of Chimera Investment Corporation, a public real estate investment trust.Qualifications Mr. Reilly brings to the Board extensive financial skills important in the understanding and oversight of our financial reporting, enterprise and operational risk management and corporate finance matters. His long career in the financial services industry, including serving as Chief Executive Officer for a finance company along with his MBA in Finance from |
Jeffrey R. Rodek AGE DIRECTOR SINCE May 2020 COMMITTEES Serves on all committees | Experience Jeffrey Rodek has served as a director of the Company since May 2020. Mr. Rodek has served as an Executive Network Advisor and Limited Partner of Tensility Venture Partners, a Qualifications Mr. Rodek has over 40 years of business and leadership experience spanning across multiple industries. Over Mr. Rodek’s career, he has driven performance growth and improved corporate governance strategies in the logistics, enterprise software and technology solutions industries, giving him a keen understanding of the challenges and issues present in our industry. |
Elizabeth O. Temple AGE DIRECTOR SINCE September 2017 COMMITTEES Chair of | Experience Elizabeth O. Temple has served as a director of the Company since September 2017. Ms. Temple has served as the Chair and Chief Executive Officer of Womble Bond Dickinson (US) LLP since January 1, 2016 Qualifications Ms. Temple has extensive leadership experience serving as the Chief Executive Officer of a Global Top 100 law firm. Over Ms. Temple’s legal career, she has counseled public and private companies on their highest strategic priorities, giving her an understanding of the challenges and issues in the Company’s industry and the industries of many of its vendors and customers. Her background as a legal advisor to public companies and boards provides the Board with additional expertise in the areas of risk management, corporate governance, acquisitions and securities regulation. |
Charles R. Whitchurch AGE DIRECTOR SINCE February 2009 COMMITTEES Chair of Audit Committee and serves on all committees | Experience Charles R. Whitchurch has served as a director of the Company since February 2009. Mr. Whitchurch served as the Chief Financial Officer of Zebra Technologies Corporation from September 1991 to June 2008. Mr. Whitchurch previously served on the boards of directors of SPSS, Inc., a publicly-held provider of predictive analytic software, from October 2003 to October 2009, Landmark Aviation, a privately-held operator of fixed-base aviation operations throughout the United States and Europe, from October 2008 to October 2012, Tricor Braun Holdings, a privately-held distributor of rigid packaging materials, from July 2010 to November 2016, and Ashworth College, a provider of nationally accredited on-line education, from June 2010 to December 2019. On all boards, he served as Chairman of the Audit Committee.Qualifications Mr. Whitchurch’s executive career brings in-depth knowledge of business operations and strategy and broad experience related to financial and corporate governance matters through his tenure serving on the boards of directors of public companies, including serving as the chairman of audit committees. With over three decades of service as a Chief Financial Officer, more than half of which was with a public company, Mr. Whitchurch has a deep understanding of the complex accounting issues often faced by public companies. |
Name | Experience and Qualifications | Age | ||
Michael L. Baur | Michael L. Baur is our Chairman, Chief Executive Officer and President. Mr. Baur has served as our President or CEO since our inception in December 1992, as a director since December 1995, and as Chairman of the Board since February 2019. | |||
64 | ||||
Stephen T. Jones |
Name | Experience and Qualifications | Age | ||
Matthew S. Dean | Matthew S. Dean joined the Company in January 2018 and serves as | |||
John Eldh | John Eldh joined the Company as Senior Executive Vice President, Chief Revenue Officer in October 2019 and has served as an executive officer since November 2020. Prior to joining the Company, Mr. Eldh served as Senior Vice President of the Global Partner Organization at CA Technologies, a leading provider of application development, management, and security solutions, from September 2014 to November 2018. Prior to that Mr. Eldh served in various leadership capacities at Symantec Corporation, a cybersecurity and identity protection company, from January 2005 to August 2014. | 53 | ||
Rachel Hayden | Rachel Hayden joined the Company as Senior Executive Vice President, Chief Information Officer in June 2021. Prior to joining the Company, Ms. Hayden served as Chief Information Officer of Just Born, Inc., a family-owned confectionary company, from 2016 to 2021. Prior to that, Ms. Hayden served five years with Berry Global, a manufacturer of innovative packaging and engineered products, in various leadership roles, including Senior Director of IT, Global Business Systems. | 45 |
Name | Title | |||
Michael L. Baur | Chairman, Chief Executive Officer and President | |||
Stephen T. Jones | Senior Executive Vice President and Chief Financial Officer | |||
Matthew S. Dean | Senior Executive Vice President and Chief Legal Officer | |||
John Eldh | Senior Executive Vice President and | |||
Rachel Hayden | Senior Executive Vice President and Chief Information Officer | |||
Gerald Lyons | Former Senior Executive Vice President and Chief Financial Officer |
Pay-for-Performance Align Interests of Executives with Shareholders Retain Talented Leadership 10 |
✓ | Require significant stock ownership. | We have adopted minimum ownership guidelines for our CEO. He is required to retain 50% of the net shares resulting from vesting or exercises of equity awards until he owns Company common stock in an amount equal to three times his base salary. | ||
Mandate a claw-back policy tied to a compensation program. | We maintain a “claw-back policy,” which would allow us to recover certain incentive compensation based on financial results in the event those results were restated due at least partially to the recipient’s misconduct. | |||
Seek our shareholders’ input on executive compensation. | We value our shareholders’ input on our executive compensation, and we seek an annual non-binding vote on our executive compensation policies. | |||
We have a policy that prohibits officers and directors from pledging Company securities in margin accounts or as collateral for a loan. | ||||
We have a policy that | ||||
Our employment arrangements with our NEOs provide cash severance only upon a “double trigger.” | ||||
We do not provide excise tax gross-ups for severance benefits received by our NEOs under their employment arrangements. We only provide limited perquisites to our NEOs. |
Compensation Objectives | ||||||||
Compensation Element | Description | Reward Performance | Attract and Retain | Align with Shareholders | ||||
Base Salary | Fixed level of compensation | |||||||
Annual Variable Cash Incentive Awards | Performance-based cash incentives | |||||||
reward Company and individual performance | ✓ | ✓ | ✓ | |||||
Time-Vesting Restricted Stock or Restricted Stock Units | Long-term equity award, with three-year vesting (four years for awards granted in fiscal 2022) | ✓ | ✓ | |||||
Performance- and Restricted Stock or Restricted Stock Units | Rewards Company performance; | ✓ | ✓ | |||||
Stock Options | Rewards Company performance above a threshold | ✓ | ✓ | ✓ | ||||
Health, Welfare & Retirement Plans | 401(k) Savings Plan | ✓ | ||||||
Employee Stock Purchase Plan | ✓ | |||||||
Deferred Compensation Plan | ✓ | |||||||
Executive Severance Plan | ✓ | |||||||
CEO Stock Ownership Guidelines, Anti- Hedging Policy, Anti-Pledging Policy and Claw-Back Policy | Compensation risk mitigators |
Anixter International Inc. | Applied Industrial Technologies, Inc. | Benchmark Electronics, Inc. | ||||
Diebold Nixdorf, Inc. | ePlus, Inc. | Insight Enterprises, Inc. | ||||
Itron, Inc. | PC Connection, Inc. | |||||
Plexus Corp. | TTM Technologies, Inc. |
Base Salary (standard) | ||||
Mr. Baur | $ | 875,000 | ||
Mr. Jones | $ | 400,000 | ||
Mr. Dean | $ | 450,000 | ||
Mr. Eldh | $ | 500,000 | ||
Ms. Hayden | $ | 350,000 | ||
Mr. Lyons | $ | 367,500 | 1 |
1 | ||||
MIP Performance Targets | ||||||||||||||||
Standard | MIP OI Growth | MIP OI Margin | MIP ROWC | Funding % of Target | ||||||||||||
Threshold | 0.00 | % | 2.50 | % | 17.00 | % | 25.00 | % | ||||||||
1.50 | % | 2.75 | % | 18.00 | % | 35.00 | % | |||||||||
3.00 | % | 3.00 | % | 19.00 | % | 50.00 | % | |||||||||
4.50 | % | 3.25 | % | 20.00 | % | 70.00 | % | |||||||||
Target | 6.00 | % | 3.50 | % | 21.00 | % | 100.00 | % | ||||||||
7.50 | % | 3.75 | % | 22.00 | % | 130.00 | % | |||||||||
9.50 | % | 4.00 | % | 23.00 | % | 160.00 | % | |||||||||
12.00 | % | 4.25 | % | 24.00 | % | 190.00 | % | |||||||||
Stretch | 15.00 | % | 4.50 | % | 25.00 | % | 200.00 | % | ||||||||
Weights | 60.00 | % | 20.00 | % | 20.00 | % |
First Half Fiscal 2021 MIP Performance Targets | ||||||||||||||||||||
SCSC OI | Tech OI | Agency Revenue* | Individual Performance | Funding % of Target | ||||||||||||||||
Threshold | $ | 27.4 | $ | 16.2 | $ | 30.9 | 50 | % | ||||||||||||
Target | $ | 32.2 | $ | 19.0 | $ | 33.4 | 100 | % | 100 | % | ||||||||||
Maximum | $ | 35.4 | $ | 20.9 | $ | 35.9 | 200 | % | ||||||||||||
Actual Results | $ | 39.6 | $ | 26.0 | $ | 33.5 | 100 | % | 155.6 | % | ||||||||||
Weights | 30% | 25% | 25% | 20 | % | 100 | % |
* | ||||
Second Half Fiscal 2021 MIP Performance Targets | ||||||||||||||||||||
SCSC OI | Tech OI | Agency Revenue | Individual Performance | Funding % of Target | ||||||||||||||||
Threshold | $ | 35.7 | $ | 23.9 | $ | 30.9 | 50 | % | ||||||||||||
Target | $ | 42.0 | $ | 28.1 | $ | 33.4 | 100 | % | 100 | % | ||||||||||
Maximum | $ | 46.2 | $ | 30.9 | $ | 35.9 | 200 | % | ||||||||||||
Actual Results | $ | 53.5 | $ | 39.4 | $ | 33.2 | 100 | % | 154.2 | % | ||||||||||
Weights | 30% | 25% | 25% | 20 | % | 100 | % |
Full Year Fiscal 2021 MIP Performance Targets | ||||||||||||||||||||
SCSC OI | Tech OI | Agency Revenue | Individual Performance | Funding % of Target | ||||||||||||||||
Threshold | $ | 63.10 | $ | 40.10 | $ | 61.80 | 50 | % | ||||||||||||
Target | $ | 74.20 | $ | 47.10 | $ | 66.80 | 100 | % | 100 | % | ||||||||||
Maximum | $ | 81.60 | $ | 51.80 | $ | 71.80 | 200 | % | ||||||||||||
Actual Results | $ | 93.10 | $ | 65.40 | $ | 66.70 | 100 | % | 154.9 | % | ||||||||||
Weights | 30% | 25% | 25% | 20 | % | 100 | % |
Named Executive Officer | Base Pay | Variable Factor | Bonus Target | Bonus Maximum | % of Bonus Target | Amount of Cash Incentive | ||||||
Michael L. Baur | $875,000 | 150% | $1,312,500 | $2,625,000 | 12.91% | $169,444 | ||||||
Gerald Lyons | $367,500 | 70% | $257,250 | $514,500 | 12.91% | $33,211 | ||||||
Matthew S. Dean | $450,000 | 60% | $270,000 | $540,000 | 12.91% | $34,857 |
Base Pay | Variable Factor | Bonus Target | Bonus Maximum | % of Bonus Target | Amount of Cash Incentive | |||||||||||||||||||
Mr. Baur | $ | 875,000 | 150 | % | $ | 1,312,500 | $ | 2,625,000 | 154.9 | % | $ | 2,033,063 | ||||||||||||
Mr. Jones (1) | $ | 400,000 | 100 | % | $ | 400,000 | $ | 800,000 | 154.9 | % | $ | 360,500 | ||||||||||||
Mr. Dean | $ | 450,000 | 60 | % | $ | 270,000 | $ | 540,000 | 154.9 | % | $ | 418,230 | ||||||||||||
Mr. Eldh | $ | 500,000 | 150 | % | $ | 750,000 | $ | 1,500,000 | 154.9 | % | $ | 1,161,750 | ||||||||||||
Ms. Hayden (1) | $ | 350,000 | 60 | % | $ | 210,000 | $ | 420,000 | 154.9 | % | $ | 27,107 | ||||||||||||
Mr. Lyons (1) | $ | 367,500 | 70 | % | $ | 257,250 | $ | 540,000 | 154.9 | % | $ | 233,712 |
(1) | Mr. Jones’ award was pro-rated for seven months of service, Ms. Hayden’s award waspro-rated for one month of service and Mr. Lyons’ award waspro-rated for seven months of service. |
Calendar Year | Target (prior year x 1.06) | |
2020 | $117.549 x 1.06 - $124.60 million |
Achieved Non-GAAP OI | Shares Earned | |||||||
Threshold (90%) | $ | 112.14 million | 50 | % | ||||
Target | $ | 124.60 million | 100 | % | ||||
Maximum (110%) | $ | 137.06 million | 150 | % |
Named Executive Officer | Form of Equity Incentive Award | Amount of Shares Subject to Award | ||||
Mr. Baur | Time-Based Restricted Stock Units | 51,136 | ||||
Stock Options | 252,920 | |||||
Mr. Jones | Time-Based Restricted Stock Units | 27,482 | ||||
Stock Options | — | |||||
Mr. Dean | Time-Based Restricted Stock Units | 9,659 | ||||
Stock Options | 49,096 | |||||
Time-Based Restricted Stock Units | 34,091 | |||||
Stock Options | 89,266 |
a base salary of $875,000 per year; an annual target variable compensation opportunity of 150% of his base salary (with a maximum opportunity of 200% of target) based upon performance and the attainment of performance goals set by the Compensation Committee; consideration for inclusion in our annual equity grant program at a grant level opportunity of $2,250,000; the opportunity to participate in our Nonqualified Deferred Compensation Plan by deferring up to 50% of base salary and/or up to 100% of annual variable compensation, with a match of 50% of deferred amounts to be made by the Company, up to a maximum of $200,000 per year; and automatic one-year renewals unless 180 days’ prior notice ofnon-renewal is given to the other party following the initial term. |
Our compensation program design provides a balanced mix of cash and equity and annual and long-term incentives that are designed to encourage strategies and actions that are in the Company’s and our shareholders’ long-term best interests. Equity awards such as stock options, service and performance-based restricted stock awards and restricted stock units reinforce our long-term performance perspective. |
A significant component of each of our NEOs’ total direct compensation consists of long-term, equity-based incentive awards that are designed to encourage these NEOs to focus on sustained stock price appreciation. Equity awards typically have vesting schedules of three years and, in some cases, have performance-based vesting components as well; thus, NEOs typically will always have unvested awards that could decrease significantly in value if our business is not well-managed for the long term. Equity incentive awards are granted periodically, typically annually, during open window periods and under an established equity grant program. The Compensation Committee believes that our overall compensation of our NEOs is at reasonable and sustainable levels, as determined by a review of historical analysis and a review of our economic positions and prospects, as well as the compensation offered by comparable companies. The Compensation Committee retains discretion to reduce compensation based on corporate and individual performance and other factors. Equity awards are subject to annual limitations on the number of shares that may be awarded during any year. The typical Company compensation structure has a threshold and maximum for cash bonuses. The target levels under our annual cash bonus program are designed to be set at a level where achieving the target incentive compensation levels is not guaranteed and the achievement of such levels is rewarding to both the NEO and the shareholders. NEO base salaries are consistent with the NEOs’ responsibilities so that they are not motivated to take excessive risks to achieve a reasonable level of financial security. Our internal reporting system ensures a consistent and ongoing assessment of financial results used to determine payouts. Our stock ownership policy sets out a minimum level of Company share ownership for our CEO so that he has personal wealth tied to the long-term success of Company and is therefore aligned with shareholders and imposes an equity retention requirement to facilitate attaining such levels of ownership. We maintain a “claw-back policy,” which requires the reimbursement to the Company of any incentive compensation to executive and certain other officers, the payment of which was predicated upon the achievement of financial results that were subsequently the subject of a restatement caused by the recipient’s fraud or misconduct, or otherwise is required under applicable laws, rules, and regulations. NEOs must obtain permission from the Legal Department before the purchase or sale of any shares, even during an open trading period. |
Name and Principal Position | Year | Salary ($) | Bonus ($) | Stock Awards ($) (1) | Option Awards ($) (1) | Non-Equity Incentive Plan Compensation ($) (2) | All Other Compensation ($) (3) | Total ($) | ||||||||||||||||||||||||
Michael L. Baur | 2020 | 875,000 | — | 2,248,093 | — | 169,444 | 149,914 | 3,442,451 | ||||||||||||||||||||||||
Chairman, Chief Executive Officer | 2019 | 875,000 | — | 2,190,566 | — | 367,500 | 107,930 | 3,540,996 | ||||||||||||||||||||||||
and President | 2018 | 875,000 | — | 1,226,125 | 563,624 | 1,497,563 | 293,856 | 4,456,168 | ||||||||||||||||||||||||
Gerald Lyons | 2020 | 367,500 | — | 299,793 | — | 33,211 | 41,362 | 741,866 | ||||||||||||||||||||||||
Senior Executive Vice President, | 2019 | 367,500 | — | 292,075 | — | 72,030 | 25,148 | 756,753 | ||||||||||||||||||||||||
Chief Financial Officer | 2018 | 338,462 | — | 163,479 | 75,147 | 279,545 | 36,609 | 893,242 | ||||||||||||||||||||||||
Matthew S. Dean | 2020 | 450,000 | 170,000 | (5) | 424,648 | — | 34,857 | 38,891 | 1,118,369 | |||||||||||||||||||||||
Senior Executive Vice President, Chief Legal and Strategy Officer (4) | 2019 | 395,577 | — | 219,057 | — | 47,600 | 12,389 | 674,623 |
Fiscal Year | Salary ($) | Bonus ($) | Stock Awards ($) (1) | Option Awards ($) (1) | Non-Equity Incentive Plan Compensation ($) (2) | All Other Compensation ($) (3) | Total ($) | |||||||||||||||||||||||||
Michael L. Baur Chairman, Chief Executive Officer and President | 2021 | 765,625 | — | 1,262,036 | 2,428,626 | 2,033,063 | 148,463 | 6,637,813 | ||||||||||||||||||||||||
2020 | 875,000 | — | 2,248,093 | — | 169,444 | 149,914 | 3,442,451 | |||||||||||||||||||||||||
2019 | 875,000 | — | 2,190,566 | — | 367,500 | 107,930 | 3,540,996 | |||||||||||||||||||||||||
Stephen T. Jones Senior Executive Vice President, Chief Financial Officer (4) | 2021 | 218,462 | — | 800,001 | — | 360,500 | 87,300 | 1,466,263 | ||||||||||||||||||||||||
Matthew S. Dean | 2021 | 427,500 | — | 238,384 | 472,094 | 418,230 | 41,141 | 1,597,349 | ||||||||||||||||||||||||
Chief Legal Officer (5) | 2020 | 450,000 | 170,000 | 424,648 | — | 34,857 | 38,891 | 1,118,369 | ||||||||||||||||||||||||
2019 | 395,577 | — | 219,057 | — | 47,600 | 12,389 | 674,623 | |||||||||||||||||||||||||
John Eldh | 2021 | 475,000 | — | 841,366 | 817,676 | 1,161,750 | 91,105 | 3,386,897 | ||||||||||||||||||||||||
Senior Executive Vice President, Chief Revenue Officer (6) | ||||||||||||||||||||||||||||||||
Rachel Hayden Senior Executive Vice President, Chief Information Officer (7) | 2021 | 20,192 | — | — | — | 27,107 | 100,000 | 147,299 | ||||||||||||||||||||||||
Gerald Lyons | 2021 | 191,524 | — | — | — | 233,712 | 146,130 | 571,366 | ||||||||||||||||||||||||
Former Senior Executive Vice President, Chief Financial Officer | 2020 | 367,500 | — | 299,793 | — | 33,211 | 41,362 | 741,866 | ||||||||||||||||||||||||
2019 | 367,500 | — | 292,075 | — | 72,030 | 25,148 | 756,753 |
(1) | Amounts shown are the aggregate grant date fair value of awards computed in accordance with FASB ASC Topic 718, excluding the effect of estimated forfeitures. For a discussion of the assumptions made in such valuation, see Note 10-K for the fiscal year ended June 30, |
(2) | Reflects the value of cash incentives earned pursuant to our annual incentive plan. For fiscal 2021, the cash incentives were awarded in August 2021. For fiscal 2020, the cash incentives under that program were awarded in August 2020. For fiscal 2019, the cash incentives under that program were awarded in August 2019. Compensation Discussion and Analysis |
(3) | See the All Other Compensation table below for additional information. |
(4) | Mr. Jones joined the Company as Senior Executive Vice President and Chief Financial Officer in December 2020 and was designated an executive officer in December 2020. |
(5) | Mr. Dean joined the Company as Vice President and General Counsel in January 2018 and was designated an executive officer in November 2018. |
Mr. |
(7) | Ms. Hayden joined the Company as Senior Executive Vice President and Chief Information Officer in June 2021 and was designated an executive officer at that time. |
Name | Fiscal Year | Perquisites ($) (1) | Company Contributions to Nonqualified Deferred Compensation Plan ($) | Company Paid Disability Benefit ($) (2) | Company Contributions to Deferred Contribution Plans (401(k)) ($) | Company Paid Travel for Spouses ($) | Other ($) (3) | Total ($) | Fiscal Year | Perquisites ($) (1) | Company Contributions to Nonqualified Deferred Compensation Plan ($) | Company Paid Disability Benefit ($) (2) | Company Contributions to Deferred Contribution Plans (401(k)) ($) | Company Paid Travel for Spouses ($) | Other ($) (3) | Total ($) | ||||||||||||||||||||||||||||||||||||||||||||||||
Michael L. Baur | 2020 | 5,536 | 42,361 | (4) | 77,601 | 800 | — | 23,616 | 149,914 | 2021 | 4,085 | 42,361 | (4) | 77,601 | 800 | — | 23,616 | 148,463 | ||||||||||||||||||||||||||||||||||||||||||||||
2019 | 3,229 | 25,000 | (4) | 51,160 | 800 | 15,507 | 12,234 | 107,930 | 2020 | 5,536 | 42,361 | (4) | 77,601 | 800 | — | 23,616 | 149,914 | |||||||||||||||||||||||||||||||||||||||||||||||
2018 | 12,717 | 200,000 | (4) | 51,160 | 15,052 | 8,385 | 6,542 | 293,856 | 2019 | 3,229 | 25,000 | (4) | 51,160 | 800 | 15,507 | 12,234 | 107,930 | |||||||||||||||||||||||||||||||||||||||||||||||
Stephen T. Jones | 2021 | 1,500 | 9,000 | — | 800 | — | 76,000 | 87,300 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Matthew S. Dean | 2021 | 2,500 | 12,000 | 10,152 | 800 | — | 15,689 | 41,141 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
2020 | 1,000 | 11,250 | 10,152 | 800 | — | 15,689 | 38,891 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
2019 | — | 6,750 | 2,703 | 800 | 576 | 1,560 | 12,389 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
John Eldh | 2021 | — | 22,500 | — | 800 | — | 67,805 | 91,105 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Rachel Hayden | 2021 | — | — | — | — | — | 100,000 | 100,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Gerald Lyons | 2020 | 1,500 | 10,819 | 13,717 | 800 | — | 14,526 | 41,362 | 2021 | — | 5,114 | — | 800 | — | 140,216 | 146,130 | ||||||||||||||||||||||||||||||||||||||||||||||||
2019 | 1,700 | 11,867 | 3,785 | 800 | — | 6,996 | 25,148 | 2020 | 1,500 | 10,819 | 13,717 | 800 | — | 14,526 | 41,362 | |||||||||||||||||||||||||||||||||||||||||||||||||
2018 | 2,050 | 12,491 | 3,785 | 15,052 | — | 3,231 | 36,609 | 2019 | 1,700 | 11,867 | 3,785 | 800 | — | 6,996 | 25,148 | |||||||||||||||||||||||||||||||||||||||||||||||||
Matthew S. Dean | 2020 | 1,000 | 11,250 | 10,152 | 800 | — | 15,689 | 38,891 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
2019 | — | 6,750 | 2,703 | 800 | 576 | 1,560 | 12,389 |
(1) | Represents physical examination costs. |
(2) | Includes supplemental long-term disability benefits. |
(3) | Represents life insurance benefits. For Mr. Jones, also includes physical examination costs for his spouse of $1,000. For Mr. Jones, Mr. Eldh and Ms. Hayden, also includes relocation (and related tax gross-up) benefits of $75,000, $67,805 and $100,000, respectively. For Mr. Lyons, includes $140,216 in severance payments. |
(4) | The deferred compensation benefit is provided in connection with Mr. Baur’s employment agreement, which is discussed below under “ Employment Arrangements and Potential Payments upon Certain Events |
Estimated Possible Payouts Under Non-Equity Incentive Plan Awards | Estimated Future Payouts Under Equity Incentive Plan Awards | All Other Stock Awards: Number of Shares of Stock | Grant Date Fair Value of Stock and Option | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Estimated Possible Payouts Under Non-Equity Incentive Plan Awards | Estimated Future Payouts Under Equity Incentive Plan Awards | All Other Stock Awards: Number of Shares of Stock or Units (#) | All Other Option Awards: Number of Securities Underlying Options (#)(1) | Exercise or Base Price of Option Awards ($/Sh) | Grant Date Fair Value of Stock and Option Awards ($) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Name | Grant Date | Threshold ($) | Target ($) | Maximum ($) | Threshold (#) | Target (#) | Maximum (#) | or Units (#) | Awards ($) | Grant Date | Threshold ($) | Target ($) | Maximum ($) | Threshold (#) | Target (#) | Maximum (#) | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Michael L. Baur | 8/7/2019 | 328,125 | 1,312,500 | 2,625,000 | 8/20/2020 | 328,125 | 1,312,500 | 2,625,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
11/19/2020 | 51,136 | 133,899 | 24.68 | 2,488,551 | (2)(3) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
11/15/2019 (2) | 31,915 | 1,125,004 (2) | 11/24/2020 | 119,021 | 27.14 | 1,202,112 | (3) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
1/30/2020 (2) | 25,532 | 31,915 | 35,107 | 1,123,089 (2) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Gerald Lyons | 8/7/2019 | 64,613 | 257,250 | 514,500 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
11/15/2019 (2) | 4,256 | 150,024 (2) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
1/30/2020 (2) | 3,405 | 4,256 | 4,682 | 149,769 (2) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Stephen T. Jones | 11/16/2020 | 100,000 | 400,000 | 800,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
3/01/2021 | 27,482 | 29.11 | 800,001 | (2(3)) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Matthew S. Dean | 8/7/2019 | 42,500 | 170,000 | 340,000 | 8/20/2020 | 42,500 | 170,000 | 340,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
11/19/2020 | 9,659 | 25,292 | 24.68 | 470,059 | (2)(3) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
11/15/2019 (2) | 6,029 | 212,522 (2) | 11/24/2020 | 23,804 | 27.14 | 240,420 | (3) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
John Eldh | 8/20/2020 | 187,500 | 750,000 | 1,500,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
11/19/2020 | 34,091 | 89,266 | 24.68 | 1,659,042 | (2)(3) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
1/30/2020 (2) | 4,822 | 6,029 | 6,631 | 212,125 (2) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Gerald Lyons | 8/20/2020 | 64,613 | 257,250 | 514,500 |
(1) | See “ Compensation Discussion and Analysis — Material Elements of our Compensation Programs — Annual Performance-Based and Service-Based Equity Awards |
(2) | Compensation Discussion and Analysis — Material Elements of our Compensation Program — Annual Performance-Based and Service-Based Equity Awards |
(3) | The grant date fair value of the option award granted on November 19, 2020 was determined pursuant to the Black-Scholes options valuation model, using the following assumptions: exercise price of $24.68, stock price volatility of 42.44%, risk-free interest rate of 0.39%, expected term of 5 years, and dividend yield of 0%. The grant date fair value of the option award granted on November 24, 2020 was determined pursuant to the Black-Scholes options valuation model, using the following assumptions: exercise price of $27.14, stock price volatility of 42.56%, risk-free interest rate of 0.39%, expected term of 5 years, and dividend yield of 0%. |
Option Awards | Stock Awards | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Name | Grant Date | Number of Securities Underlying Unexercised Options (#) Exercisable | Number of Securities Underlying Unexercised Options (#) Unexercisable (1) | Option Exercise Price ($) | Option Expiration Date | Grant Date | Number of Shares or Units of Stock that Have Not Vested (#) (1) | Market Value of Shares or Units of Stock that Have Not Vested ($) | Equity Incentive Plan Awards: Number of Unearned Shares, Units or Other Rights that Have Not Vested (#) | Equity Incentive Plan Awards: Market or Payout Value of Unearned Shares, Units or Other Rights that Have Not Vested ($) | Option Awards | Stock Awards | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Grant Date | Number of Securities Underlying Unexercised Options Exercisable (#) | Number of Securities Underlying Unexercised Options Unexercisable (#) (1) | Option Exercise Price ($) | Option Expiration Date | Grant Date | Number of Shares or Units of Stock that Have Not Vested (#) (1) | Market Value of Shares or Units of Stock that Have Not Vested ($) | Equity Incentive Plan Awards: Number of Unearned Shares, Units or Other Rights that Have Not Vested (#) | Equity Incentive Plan Awards: Market or Payout Value of Unearned Shares, Units or Other Rights that Have Not Vested ($) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
5/4/2011 | 133,000 | — | 36.17 | 5/4/2021 | 8/21/2012 | 26,586 | — | 34.35 | 8/21/2022 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
8/21/2012 | 26,586 | — | 34.35 | 8/21/2022 | 12/6/2013 | 115,356 | — | 42.82 | 12/6/2023 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
12/6/2013 | 115,356 | — | 42.82 | 12/6/2023 | 12/5/2014 | 164,093 | — | 41.13 | 12/5/2024 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
12/5/2014 | 164,093 | — | 41.13 | 12/5/2024 | 12/4/2015 | 125,000 | — | 38.19 | 12/4/2025 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
12/4/2015 | 125,000 | — | 38.19 | 12/4/2025 | 12/2/2016 | 77,339 | — | 37.00 | 12/2/2026 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
12/2/2016 | 77,339 | — | 37.00 | 12/2/2026 | 12/8/2017 | 53,079 | — | 34.35 | 12/8/2027 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
12/8/2017 | 35,562 | 17,517 | 34.35 | 12/8/2027 | 12/3/2018 | 9,435 | 265,407 | — | — | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
12/8/2017 | 5,839 | 140,662 | 17,693 (2) | 426,224 | 11/15/2019 | 21,064 | 592,530 | — | — | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
12/3/2018 | 18,870 | 454,578 | 28,590 (3) | 688,733 | 11/19/2020 | — | 133,899 | 24.68 | 11/19/2030 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
11/15/2019 | 31,915 | 768,832 | 31,915 (4) | 768,832 | 11/19/2020 | 51,136 | 1,438,456 | — | — | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
11/24/2020 | — | 119,021 | 27.14 | 11/24/2030 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Gerald Lyons | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Stephen T. Jones | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
03/01/2021 | 27,482 | 773,069 | — | — | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Matthew S. Dean | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
12/7/2012 | 4,006 | — | 29.80 | 12/7/2022 | 2/9/2018 | 10,000 | (1) | — | 32.25 | 2/9/2028 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
12/8/2017 | 4,741 | 2,336 | 34.35 | 12/8/2027 | 12/3/2018 | 944 | 26,555 | — | — | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
12/8/2017 | 779 | 18,776 | 2,359 (2) | 56,828 | 11/15/2019 | 3,980 | 111,957 | — | — | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
12/3/2018 | 2,516 | 60,610 | 3,812 (3) | 91,831 | 11/19/2020 | 25,292 | — | 24.68 | 11/19/2030 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
11/15/2019 | 4,256 | 102,527 | 4,256 (4) | 102,527 | 11/19/2020 | 9,659 | 271,708 | — | — | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
11/24/2020 | 23,804 | — | 27.14 | 11/24/2030 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Matthew S. Dean | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
John Eldh | — | — | — | — | — | 11/15/2019 | 18,724 | 526,706 | — | — | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
2/9/2018 | 6,700 | 3,300 (5) | 32.25 | 2/9/2028 | — | — | — | — | — | 12/2/2019 | 9,389 | 264,113 | — | — | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
12/3/2018 | 1,887 | 45,458 | 2,859 (3) | 68,873 | 11/19/2020 | — | 89,266 | 24.68 | 11/19/2030 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
11/15/2019 | 6,029 | 145,239 | 6,029 (4) | 145,215 | 11/19/2020 | 34,091 | 958,980 | — | — |
(1) | Stock options and restricted stock units vest ratably over three years beginning on the grant date, unless otherwise noted. |
Name | Option Awards | Restricted Awards | Option Awards | Restricted Awards | ||||||||||||||||||||||||||||||
Number of Shares Acquired on Exercise (#) | Value Realized on Exercise ($) | Number of Shares Acquired on Vesting (#) | Value Realized on Vesting ($) | Number of Shares Acquired on Exercise (#) | Value Realized on Exercise ($) | Number of Shares Acquired on Vesting (#) | Value Realized on Vesting ($) | |||||||||||||||||||||||||||
Michael L. Baur | — | — | 22,504 | 829,272 | — | — | 26,125 | 693,392 | ||||||||||||||||||||||||||
Stephen T. Jones | — | — | — | — | ||||||||||||||||||||||||||||||
Matthew S. Dean | — | — | 2,992 | 77,589 | ||||||||||||||||||||||||||||||
John Eldh | — | — | 14,481 | 340,692 | ||||||||||||||||||||||||||||||
Rachel Hayden | — | — | — | — | ||||||||||||||||||||||||||||||
Gerald Lyons | 1,000 | 5,250 | 3,204 | 118,067 | — | — | 3,484 | 92,470 | ||||||||||||||||||||||||||
Matthew S. Dean | — | — | 972 | 35,818 |
Name | Executive Contributions in Last Fiscal Year ($) (1)(2) | Registrant Contributions in Last Fiscal Year ($) (3) | Aggregate Earnings (Loss) in Last Fiscal Year ($) (4) | Aggregate Withdrawals/ Distributions ($) (4) | Aggregate Balance at Last Fiscal Year-End ($) | Executive Contributions in Last Fiscal Year ($) (1)(2) | Registrant Contributions in Last Fiscal Year ($) (3) | Aggregate Earnings (Loss) in Last Fiscal Year ($) (4) | Aggregate Withdrawals/ Distributions ($) (4) | Aggregate Balance at Last Fiscal Year-End ($) | ||||||||||||||||||||||||||||||
Michael L. Baur | 84,722 | 42,361 | 179,455 | (757,064 | ) | 11,333,086 | 84,722 | 42,361 | 2,329,049 | (1,629,820 | ) | 12,159,398 | ||||||||||||||||||||||||||||
Stephen T. Jones | 30,000 | 9,000 | 1,531 | — | 40,531 | |||||||||||||||||||||||||||||||||||
Matthew S. Dean | 39,231 | 11,769 | 27,216 | — | 133,424 | |||||||||||||||||||||||||||||||||||
John Eldh | 75,000 | 22,500 | 7,766 | — | 105,266 | |||||||||||||||||||||||||||||||||||
Rachel Hayden | — | — | — | — | — | |||||||||||||||||||||||||||||||||||
Gerald Lyons | 36,064 | 10,819 | (47,988 | ) | — | 417,729 | 17,046 | 5,114 | 173,634 | — | 613,522 | |||||||||||||||||||||||||||||
Matthew S. Dean | 37,500 | 11,250 | (3,785 | ) | — | 55,208 |
(1) | Amounts represent voluntary deferrals of salary, bonus or a combination of both salary and bonus under our Nonqualified Deferred Compensation Plan. Contributions of deferred salary are reported as fiscal year |
(2) | Amounts reflect voluntary deferrals under our Nonqualified Deferred Compensation Plan associated with plan awards for fiscal year |
(3) | Amounts represents our matching contributions under our Nonqualified Deferred Compensation Plan. These amounts are reported as fiscal year |
(4) | Reflects cash flows for the fiscal year ended June 30, |
That the termination event in question occurred on June 30, 2021, the last day of fiscal 2021; and With respect to calculations based on our stock price, the reported closing price of our common stock on June 29, 2021, $27.37, was used. |
Before Change in Control Termination w/o Cause or for Good Reason ($) | After Change in Control Termination w/o Cause or for Good Reason ($) | Termination Due to Death ($) | Termination Due to Retirement ($) | Termination Due to Disability ($) | Voluntary Termination ($) | |||||||||||||||||||
Severance | 4,238,027 | 5,085,632 | — | — | — | — | ||||||||||||||||||
Pro Rata Variable Compensation (1) | 2,033,063 | 2,033,063 | 2,033,063 | 2,033,063 | 2,033,063 | 2,033,063 | ||||||||||||||||||
Equity Acceleration (2) | — | 2,296,393 | 2,296,393 | 2,296,393 | 2,296,393 | — | ||||||||||||||||||
Performance-Based Equity Acceleration (3) | — | — | — | — | — | — | ||||||||||||||||||
Medical Coverage (4) | 464,512 | 464,512 | 464,512 | 464,512 | 464,512 | — | ||||||||||||||||||
Deferred Compensation | — | — | — | — | — | — | ||||||||||||||||||
Disability (5) | — | — | — | — | 382,813 | — | ||||||||||||||||||
TOTAL (6) | 6,735,601 | 9,879,600 | 4,793,968 | 4,793,968 | 5,176,780 | 2,033,063 |
Before Change in Control Termination w/o Cause or for Good Reason ($) | After Change in Control Termination w/o Cause or for Good Reason ($) | Termination Due to Death ($) | Termination Due to Retirement ($) | Termination Due to Disability ($) | Voluntary Termination ($) | |||||||||||||||||||
Severance | 3,882,923 | 4,659,507 | — | — | — | — | ||||||||||||||||||
Pro Rata Variable Compensation (1) | 169,444 | 169,444 | 169,444 | 169,444 | 169,444 | 169,444 | ||||||||||||||||||
Equity Acceleration (2) | — | 1,364,072 | 1,364,072 | 1,364,072 | 1,364,072 | — | ||||||||||||||||||
Performance-Based Equity Acceleration (3) | — | 1,883,790 | 1,883,790 | 1,883,790 | 1,883,790 | — | ||||||||||||||||||
Medical Coverage (4) | 484,158 | 484,158 | 484,158 | 484,158 | 484,158 | — | ||||||||||||||||||
Disability (5) | — | — | — | — | 437,500 | — | ||||||||||||||||||
TOTAL (6) | 4,536,525 | 8,560,971 | 3,901,464 | 3,901,464 | 4,338,964 | 169,444 |
(1) | Mr. Baur’s employment agreement provides for the payment of a pro rata portion of the current fiscal year annual variable compensation that would otherwise be payable if Mr. Baur had continued employment through the end of the current fiscal year, based on actual performance. Amounts shown reflect the earned and unpaid portion of Mr. Baur’s fiscal |
(2) | Reflects (i) the difference between fair market value as of June 30, non-performance-based restricted stock awards and restricted stock units. Vesting accelerates in the event of a change in control and termination by the Company without cause or by the grantee for good reason. |
(3) | Reflects the fair market value as of June 30, |
(4) | Reflects the cost of providing continued health and welfare benefits to the executive officer as provided in the executive officer’s employment arrangements. |
(5) | The executive officer’s employment agreement provides that if his employment is terminated by reason of disability, he will continue to receive his salary during the period under which he continues to receive benefits under our short-term disability policy (assumed to be six months for purposes of this disclosure), less any benefits received under our short-term disability policy. |
(6) | These amounts do not include the payout of Mr. Baur’s vested balance under our Nonqualified Deferred Compensation Plan, which is reflected and described in the Nonqualified Deferred Compensation Table herein. |
Before Change in Control Termination w/o Cause or for Good Reason ($) | After Change in Control Termination w/o Cause or for Good Reason ($) | Termination Due to Death ($) | Termination Due to Retirement ($) | Termination Due to Disability ($) | Voluntary Termination ($) | |||||||||||||||||||
Severance | 868,443 | 1,157,924 | — | — | — | — | ||||||||||||||||||
Pro Rata Variable Compensation (1) | 360,500 | 360,500 | 360,500 | 360,500 | 360,500 | 360,500 | ||||||||||||||||||
Equity Acceleration (2) | — | 773,069 | 773,069 | 773,069 | 773,069 | — | ||||||||||||||||||
Performance-Based Equity Acceleration (3) | — | — | — | — | — | — | ||||||||||||||||||
Medical Coverage (4) | 29,026 | 29,026 | 29,026 | 29,026 | 29,026 | — | ||||||||||||||||||
Deferred Compensation | — | — | — | — | — | — | ||||||||||||||||||
Disability (5) | — | — | — | — | 109,231 | — | ||||||||||||||||||
TOTAL (6) | 1,257,969 | 2,320,519 | 1,162,595 | 1,162,595 | 1,271,826 | 360,500 |
Before Change in Control Termination w/o Cause or for Good Reason ($) | After Change in Control Termination w/o Cause or for Good Reason ($) | Termination Due to Death ($) | Termination Due to Retirement ($) | Termination Due to Disability ($) | Voluntary Termination ($) | |||||||||||||||||||
Severance | 729,124 | 972,165 | — | — | — | — | ||||||||||||||||||
Pro Rata Variable Compensation (1) | 33,211 | 33,211 | 33,211 | 33,211 | 33,211 | 33,211 | ||||||||||||||||||
Equity Acceleration (2) | — | 181,904 | 181,904 | 181,904 | 181,904 | — | ||||||||||||||||||
Performance-Based Equity Acceleration (3) | — | 251,186 | 251,186 | 251,186 | 251,186 | — | ||||||||||||||||||
Medical Coverage (4) | 37,253 | 37,253 | 37,253 | 37,253 | 37,253 | — | ||||||||||||||||||
Disability (5) | — | — | — | — | 183,750 | — | ||||||||||||||||||
TOTAL (6) | 799,588 | 1,475,719 | 503,554 | 503,554 | 687,304 | 33,211 |
(1) | Mr. |
(2) | Reflects (i) the difference between fair market value as of June 30, non-performance-based restricted stock awards and restricted stock units. Vesting accelerates in the event of a change in control and termination by the Company without cause or by the grantee for good reason. |
(3) | Reflects the fair market value as of June 30, |
(4) | Reflects the cost of providing continued health and welfare benefits to the executive officer as provided in the executive officer’s employment arrangements. |
(5) | The executive officer’s employment arrangement provides that if his employment is terminated by reason of disability, he will continue to receive his salary during the period under which he continues to receive benefits under our short-term disability policy (assumed to be six months for purposes of this disclosure), less any benefits received under our short-term disability policy. |
(6) | These amounts do not include the payout of the executive officer’s vested balance under our Nonqualified Deferred Compensation Plan, which is reflected and described in the Nonqualified Deferred Compensation Table herein. |
Before Change in Control Termination w/o Cause or for Good Reason ($) | After Change in Control Termination w/o Cause or for Good Reason ($) | Termination Due to Death ($) | Termination Due to Retirement ($) | Termination Due to Disability ($) | Voluntary Termination ($) | |||||||||||||||||||
Severance | 1,125,440 | 1,500,587 | — | — | — | — | ||||||||||||||||||
Pro Rata Variable Compensation (1) | 418,230 | 418,230 | 418,230 | 418,230 | 418,230 | 418,230 | ||||||||||||||||||
Equity Acceleration (2) | — | 410,220 | 410,220 | 410,220 | 410,220 | — | ||||||||||||||||||
Performance-Based Equity Acceleration (3) | — | — | — | — | — | — | ||||||||||||||||||
Medical Coverage (4) | 23,148 | 23,148 | 23,148 | 23,148 | 23,148 | — | ||||||||||||||||||
Deferred Compensation | — | — | — | — | — | — | ||||||||||||||||||
Disability (5) | — | — | — | — | 213,750 | — | ||||||||||||||||||
TOTAL (6) | 1,566,818 | 2,352,185 | 851,598 | 851,598 | 1,065,348 | 418,230 |
Before Change in Control Termination w/o Cause or for Good Reason ($) | After Change in Control Termination w/o Cause or for Good Reason ($) | Termination Due to Death ($) | Termination Due to Retirement ($) | Termination Due to Disability ($) | Voluntary Termination ($) | |||||||||||||||||||
Severance | 823,526 | 1,098,034 | — | — | — | — | ||||||||||||||||||
Pro Rata Variable Compensation (1) | 34,857 | 34,857 | 34,857 | 34,857 | 34,857 | 34,857 | ||||||||||||||||||
Equity Acceleration (2) | — | 190,696 | 190,696 | 190,696 | 190,696 | — | ||||||||||||||||||
Performance-Based Equity Acceleration (3) | — | 214,088 | 214,088 | 214,088 | 214,088 | — | ||||||||||||||||||
Medical Coverage (4) | 38,726 | 38,726 | 38,726 | 38,726 | 38,726 | — | ||||||||||||||||||
Disability (5) | — | — | — | — | 225,000 | — | ||||||||||||||||||
TOTAL (6) | 897,109 | 1,576,401 | 478,367 | 478,367 | 703,367 | 34,857 |
(1) | Mr. Dean’s employment arrangements provide for the payment of a pro rata portion of the current fiscal year annual variable compensation that would otherwise be payable if Mr. Dean had continued employment through the end of the current fiscal year, based on actual performance. Amounts shown reflect the earned and unpaid portion of Mr. |
(2) | Reflects (i) the difference between fair market value as of June 30, non-performance-based restricted stock awards and restricted stock units. Vesting accelerates in the event of a change in control and termination by the Company without cause or by the grantee for good reason. |
(3) | Reflects the fair market value as of June 30, |
(4) | Reflects the cost of providing continued health and welfare benefits to the executive officer as provided in the executive officer’s employment arrangements. |
(5) | The executive officer’s employment arrangement provides that if his employment is terminated by reason of disability, he will continue to receive his salary during the period under which he continues to receive benefits under our short-term disability policy (assumed to be six months for purposes of this disclosure), less any benefits received under our short-term disability policy. |
(6) | These amounts do not include the payout of the executive officer’s vested balance under our Nonqualified Deferred Compensation Plan, which is reflected and described in the Nonqualified Deferred Compensation Table herein. |
Before Change in Control Termination w/o Cause or for Good Reason ($) | After Change in Control Termination w/o Cause or for Good Reason ($) | Termination Due to Death ($) | Termination Due to Retirement ($) | Termination Due to Disability ($) | Voluntary Termination ($) | |||||||||||||||||||
Severance | 2,455,125 | 3,273,500 | — | — | — | — | ||||||||||||||||||
Pro Rata Variable Compensation (1) | 1,161,750 | 1,161,750 | 1,161,750 | 1,161,750 | 1,161,750 | 1,161,750 | ||||||||||||||||||
Equity Acceleration (2) | — | 1,749,799 | 1,749,799 | 1,749,799 | 1,749,799 | — | ||||||||||||||||||
Performance-Based Equity Acceleration (3) | — | — | — | — | — | — | ||||||||||||||||||
Medical Coverage (4) | 29,026 | 29,026 | 29,026 | 29,026 | 29,026 | — | ||||||||||||||||||
Deferred Compensation | — | — | — | — | — | — | ||||||||||||||||||
Disability (5) | — | — | — | — | 237,500 | — | ||||||||||||||||||
TOTAL (6) | 3,645,901 | 6,214,075 | 2,940,575 | 2,940,575 | 3,178,075 | 1,161,750 |
(1) | Mr. Eldh’s employment arrangements provide for the payment of a pro rata portion of the current fiscal year annual variable compensation that would otherwise be payable if Mr. Eldh had continued employment through the end of the current fiscal year, based on actual performance. Amounts shown reflect the earned and unpaid portion of Mr. Eldh fiscal 2021 annual variable compensation as of June 30, 2021. |
(2) | Reflects (i) the difference between fair market value as of June 30, 2021 of the underlying shares over the exercise price of all unvested stock options, and (ii) the fair market value of all unearned and unvested non-performance-based restricted stock awards and restricted stock units. Vesting accelerates in the event of a change in control and termination by the Company without cause or by the grantee for good reason. |
(3) | Reflects the fair market value as of June 30, 2021, of the shares of all unearned and unvested performance based restricted stock awards, the vesting of which accelerates with a change in control and termination by the Company without cause or by the grantee for good reason. |
(4) | Reflects the cost of providing continued health and welfare benefits to the executive officer as provided in the executive officer’s employment arrangements. |
(5) | The executive officer’s employment arrangement provides that if his employment is terminated by reason of disability, he will continue to receive his salary during the period under which he continues to receive benefits under our short-term disability policy (assumed to be six months for purposes of this disclosure), less any benefits received under our short-term disability policy. |
(6) | These amounts do not include the payout of the executive officer’s vested balance under our Nonqualified Deferred Compensation Plan, which is reflected and described in the Nonqualified Deferred Compensation Table herein. |
Before Change in Control Termination w/o Cause or for Good Reason ($) | After Change in Control Termination w/o Cause or for Good Reason ($) | Termination Due to Death ($) | Termination Due to Retirement ($) | Termination Due to Disability ($) | Voluntary Termination ($) | |||||||||||||||||||
Severance | 70,949 | 94,598 | — | — | — | — | ||||||||||||||||||
Pro Rata Variable Compensation (1) | 27,107 | 27,107 | 27,107 | 27,107 | 27,107 | 27,107 | ||||||||||||||||||
Equity Acceleration (2) | — | — | — | — | — | — | ||||||||||||||||||
Performance-Based Equity Acceleration (3) | — | — | — | — | — | — | ||||||||||||||||||
Medical Coverage (4) | 25,372 | 25,372 | 25,372 | 25,372 | 25,372 | — | ||||||||||||||||||
Deferred Compensation | — | — | — | — | — | — | ||||||||||||||||||
Disability (5) | — | — | — | — | 10,096 | — | ||||||||||||||||||
TOTAL (6) | 123,427 | 147,077 | 52,479 | 52,479 | 62,575 | 27,107 |
(1) | Ms. Hayden’s employment agreement provides for the payment of a pro rata portion of the current fiscal year annual variable compensation that would otherwise be payable if Ms. Hayden had continued employment through the end of the current fiscal year, based on actual performance. Amounts shown reflect the earned and unpaid portion of Ms. Hayden’s fiscal 2021 annual variable compensation as of June 30, 2021. |
(2) | Reflects (i) the difference between fair market value as of June 30, 2021 of the underlying shares over the exercise price of all unvested stock options, and (ii) the fair market value of all unearned and unvested non-performance-based restricted stock awards and restricted stock units. Vesting accelerates in the event of a change in control and termination by the Company without cause or by the grantee for good reason. |
(3) | Reflects the fair market value as of June 30, 2021, of the shares of all unearned and unvested performance based restricted stock awards, the vesting of which accelerates with a change in control and termination by the Company without cause or by the grantee for good reason. |
(4) | Reflects the cost of providing continued health and welfare benefits to the executive officer as provided in the executive officer’s employment arrangements. |
(5) | The executive officer’s employment arrangement provides that if her employment is terminated by reason of disability, she will continue to receive her salary during the period under which she continues to receive benefits under our short-term disability policy (assumed to be six months for purposes of this disclosure), less any benefits received under our short-term disability policy. |
(6) | These amounts do not include the payout of the executive officer’s vested balance under our Nonqualified Deferred Compensation Plan, which is reflected and described in the Nonqualified Deferred Compensation Table herein. |
the total compensation for our |
Name | Fees Earned or Paid in Cash ($) | Stock Awards ($) (1) | Total ($) | Fees Earned or Paid in Cash ($) | Stock Awards ($) (1) | Total ($) | ||||||||||||||||
Peter C. Browning | 170,000 | 130,425 | 300,425 | 85,000 | 130,804 | 215,804 | ||||||||||||||||
Frank E. Emory, Jr. | — | — | — | 42,500 | 162,888 | (3) | 205,388 | |||||||||||||||
Michael J. Grainger | 90,000 | 130,425 | 220,425 | 45,000 | 130,804 | 175,804 | ||||||||||||||||
Dorothy F. Ramoneda (3) | 56,666 | 155,100 | 211,766 | |||||||||||||||||||
Charles A. Mathis (2) | — | — | — | |||||||||||||||||||
Dorothy F. Ramoneda | 42,500 | 130,804 | 173,304 | |||||||||||||||||||
John P. Reilly | 90,000 | 130,425 | 220,425 | 45,000 | 130,804 | 175,804 | ||||||||||||||||
Jeffrey R. Rodek (4) | 14,167 | 88,478 | 102,645 | |||||||||||||||||||
Jeffrey R. Rodek | 42,500 | 130,804 | 173,304 | |||||||||||||||||||
Elizabeth O. Temple | 90,000 | 130,425 | 220,425 | 45,000 | 130,804 | 175,804 | ||||||||||||||||
Charles R. Whitchurch | 110,000 | 130,425 | 240,425 | 55,000 | 130,804 | 185,804 |
(1) | Amounts shown are the aggregate grant date fair value of restricted stock awards computed in accordance with FASB ASC Topic 718, excluding the effect of estimated forfeitures. For a discussion of the assumptions made in such valuation, see Note 10-K for the fiscal year ended June 30, non-employee director received a restricted stock award on November |
(2) | Mr. |
(3) | Stock Awards for Mr. Emory includes a in 2020. |
COMPENSATION COMMITTEE INTERLOCKS AND INSIDER PARTICIPATION |
Plan Category | (a) Number of Securities to be Issued Upon Exercise of Outstanding Options, Warrants and Rights | (b) Weighted Average Exercise Price of Outstanding Options, Warrants and Rights (3) | (c) Number of Securities Remaining Available for Future Issuance Under Equity Compensation Plans (Excluding Securities Reflected in Column (a)) | (a) Number of Securities to be Issued Upon Exercise of Outstanding Options, Warrants and Rights | (b) Weighted Average Exercise Price of Outstanding Options, Warrants and Rights (3) | (c) Number of Securities Remaining Available for Future Issuance Under Equity Compensation Plans (Excluding Securities Reflected in Column (a)) | ||||||||||||||||||
Equity Compensation Plans Approved by Shareholders | ||||||||||||||||||||||||
2013 Long-Term Incentive Plan | 1,033,272 (1) | $22.46 | 1,536,626 | 1,744,380 | (1) | $ | 21.99 | 879,660 | ||||||||||||||||
2002 Long-Term Incentive Plan | 221,395 (2) | $35.25 | — | 29,086 | (2) | $ | 34.12 | — | ||||||||||||||||
Equity Compensation Plans Not Approved by Shareholders | — | — | — | — | — | — | ||||||||||||||||||
TOTAL: | 1,254,667 | $24.72 | 1,536,626 | 1,773,466 | $ | 22.19 | 879,660 |
(1) | ScanSource, Inc. 2013 Long-Term Incentive Plan (“2013 Plan”). At June 30, non-qualified stock options, stock appreciation rights, performance awards, restricted stock awards, restricted stock units, deferred stock units, dividend equivalent awards and other stock-based awards. Includes restricted stock outstanding, including restricted stock awards, restricted stock units, performance restricted stock awards and performance restricted stock units. Amount includes |
(2) | ScanSource, Inc. 2002 Long-Term Incentive Plan, as amended. At June 30, |
(3) | The weighted-average exercise price does not reflect the shares that will be issued upon the payment of outstanding awards of restricted stock, which have no exercise price. |
Name | Number of Shares Beneficially Owned | Percentage (1) | ||||||
BlackRock, Inc. (2) | 4,633,428 | 18.81% | ||||||
The Vanguard Group, Inc. (3) | 2,735,139 | 10.62% | ||||||
Dimensional Fund Advisors LP (4) | 2,020,128 | 8.27% | ||||||
FMR LLC (5) | 1,954,376 | 6.78% | ||||||
Pzena Investment Management, LLC (6) | 1,714,280 | 5.73% | ||||||
Victory Capital Management Inc. (7) | 1,667,753 | 5.51% | ||||||
Michael L. Baur (8) | 658,677 | 2.51% | ||||||
Peter C. Browning | 28,300 | * | ||||||
Matthew S. Dean (9) | 38,761 | * | ||||||
John Eldh (10) | 63,760 | * | ||||||
Frank E. Emory, Jr. | 10,300 | * | ||||||
Michael J. Grainger | 33,900 | * | ||||||
Rachel Hayden (11) | — | — | ||||||
Stephen T. Jones (12) | — | — | ||||||
Charles A. Mathis | 3,700 | * | ||||||
Dorothy F. Ramoneda | 13,400 | * | ||||||
John P. Reilly | 31,324 | * | ||||||
Jeffrey R. Rodek | 13,100 | * | ||||||
Elizabeth O. Temple | 19,000 | * | ||||||
Charles R. Whitchurch | 21,500 | * | ||||||
All directors and executive officers as a group (14 persons) (13) | 935,722 | 3.56% |
* |
Name | Number of Shares Beneficially Owned | Percentage (1) | ||||||||
BlackRock, Inc. (2) | 4,804,768 | 18.94 | % | |||||||
The Vanguard Group, Inc. (3) | 2,712,184 | 10.69 | % | |||||||
Dimensional Fund Advisors LP (4) | 2,111,172 | 8.32 | % | |||||||
FMR LLC (5) | 1,731,545 | 6.82 | % | |||||||
Pzena Investment Management, LLC (6) | 1,464,078 | 5.77 | % | |||||||
Victory Capital Management Inc. (7) | 1,406,971 | 5.54 | % | |||||||
Michael L. Baur (8) | 729,694 | 2.80 | % | |||||||
Peter C. Browning | 19,300 | * | ||||||||
Matthew S. Dean (9) | 6,790 | * | ||||||||
Frank E. Emory, Jr. (10) | — | — | ||||||||
Michael J. Grainger | 30,200 | * | ||||||||
Gerald Lyons (11) | 26,134 | * | ||||||||
Dorothy F. Ramoneda | 4,400 | * | ||||||||
John P. Reilly | 22,324 | * | ||||||||
Jeffrey R. Rodek | 4,100 | * | ||||||||
Elizabeth O. Temple | 10,000 | * | ||||||||
Charles R. Whitchurch | 21,000 | * | ||||||||
All directors and executive officers as a group (11 persons) (12) | 873,942 | 3.36 | % |
(1) | Applicable percentage of ownership is based upon |
(2) | The information reported is based on a Schedule |
(3) | The information is reported based on a Schedule 13G/A filed with the SEC on February |
(4) | The information is reported based on a Schedule 13G/A filed with the SEC on February |
(5) | The information reported is based on a Schedule 13G/A filed with the SEC on February Low-Priced Stock Fund to vote or direct the |
(6) | The information reported is based on a Schedule 13G/A filed with the SEC on |
(7) | The information reported is based on a Schedule 13G/A filed with the SEC on |
(8) |
Does not include |
that are not currently exercisable and will not become exercisable by December 14, 2021 and includes 16,692 shares pursuant to options which will become exercisable by December 14, 2021. Includes |
Does not include 58,916 shares issuable pursuant to options granted by the Company that are not currently exercisable and will not become exercisable by December 14, 2021. Includes |
(11) | Does not include 12,802 shares underlying unvested restricted stock units that will not become exercisable by December 14, 2021 |
(12) | Does not include 38,578 shares underlying unvested restricted stock units that will not become exercisable by December 14, 2021 |
(13) | Includes 544,867 shares issuable pursuant to exercisable options, shares 133,034 shares pursuant to which options which will become exercisable by December 14, 2021 and includes 64,523 shares underlying vested restricted stock units that will vest by December 14, 2021. |
Year Ended June 30, 2021 | Year Ended June 30, 2020 | |||||||
Audit Fees | $ | 1,722,195 | $ | 1,853,810 | ||||
Tax Fees | 182,690 | 90,300 | ||||||
Total Fees | $ | 1,904,885 | $ | 1,944,110 | ||||
Year Ended June 30, 2020 | Year Ended June 30, 2019 | |||||||||
Audit Fees | $ | 1,899,507 | $ | 2,125,646 | ||||||
Tax Fees | 90,300 | 118,094 | ||||||||
Total Fees | $ | 1,989,807 | $ | 2,243,740 |
10.15 | 10-K | 10.33 | 8/28/2014 | |||||||
10.16 | 10-K | 10.34 | 8/28/2014 | |||||||
10.17 | 8-K | 10.1 | 12/8/2017 | |||||||
10.18 | 8-K | 10.2 | 12/8/2017 | |||||||
10.19 | 8-K | 10.3 | 12/8/2017 | |||||||
10.20 | 8-K | 10.4 | 12/8/2017 | |||||||
10.21 | 8-K | 10.1 | 6/21/2017 | |||||||
10.22 | 10-K | 10.24 | 8/28/2014 | |||||||
10.23 | 8-K | 10.2 | 6/21/2017 | |||||||
10.24 | 8-K | 10.1 | 8/24/2017 | |||||||
10.25 | 10-K | 10.27 | 8/22/2019 | |||||||
10.26 | 10-K | 10.32 | 8/28/2018 | |||||||
10.27 | 8-K | 10.1 | 11/30/2018 | |||||||
10.28 | 8-K | 10.2 | 11/30/2018 | |||||||
10.29 | 8-K | 10.3 | 11/30/2018 | |||||||
10.30 | 8-K | 10.4 | 11/30/2018 | |||||||
10.31 | 8-K | 10.5 | 11/30/2018 | |||||||
10.32 | 8-K | 10.1 | 1/30/2020 | |||||||
Bank Agreements | ||||||||||
10.33 | 8-K | 10.1 | 5/1/2019 | |||||||
Other Agreements | ||||||||||
10.34+ | 10-K | 10.26 | 8/29/2007 | |||||||
10.35+ | 10-K | 10.54 | 8/29/2016 | |||||||
10.36+ | 10-Q | 10.1 | 5/9/2019 | |||||||
10.37++ | 10-K | 10.38 | 8/22/2019 | |||||||
10.38++ | 10-K | 10.39 | 8/22/2019 |
10.39++ | 10-K | 10.40 | 8/22/2019 | |||||||
10.40++ | 10-K | 10.41 | 8/22/2019 | |||||||
10.41++ | 10-K | 10.42 | 8/22/2019 | |||||||
10.42 | 10-K | 10.43 | 8/22/2019 | |||||||
10.43++ | 10-K | 10.44 | 8/22/2019 | |||||||
10.44 | 10-K | 10.45 | 8/22/2019 | |||||||
10.45 | 10-K | 10.46 | 8/22/2019 | |||||||
10.46 | 10-K | 10.47 | 8/22/2019 | |||||||
10.47++ | 10-K | 10.48 | 8/22/2019 | |||||||
10.48++ | 10-K | 10.49 | 8/22/2019 | |||||||
10.49++ | 10-K | 10.50 | 8/22/2019 | |||||||
10.50+ | 10-Q/A | 10.1 | 10/24/2014 | |||||||
10.51+ | 10-K | 10.50 | 8/29/2016 | |||||||
10.52+ | 10-K | 10.51 | 8/29/2016 | |||||||
10.53+ | 10-K | 10.51 | 8/29/2017 | |||||||
10.54++ | 10-Q | 10.2 | 5/9/2019 | |||||||
10.55 | 10-K | 10.55 | 8/31/2020 | |||||||
21.1 | 10-K | 21.1 | 8/31/2020 | |||||||
23.1 | 10-K | 23.1 | 8/31/2020 | |||||||
31.1 | X | |||||||||
31.2 | X | |||||||||
32.1 | 10-K | 32.1 | 8/31/2020 | |||||||
32.2 | 10-K | 32.2 | 8/31/2020 | |||||||
101 | The following materials from our Annual Report on Form 10-K for the year ended June 30, 2020, formatted in Inline XBRL (eXtensible Business Reporting Language): (i) the Consolidated Balance Sheets as of June 30, 2020 and June 30, 2019, (ii) the Consolidated Income Statements for the years ended June 30, 2020, June 30, 2019 and June 30, 2018, (iii) the Consolidated Statements of Shareholders’ Equity for the years ended June 30, 2020, June 30, 2019 and June 30, 2018, (iv) the Consolidated Statements of Cash Flows for the years ended June 30, 2020, June 30, 2019 and June 30, 2018, and (v) the Notes to the Consolidated Financial Statements, tagged as blocks of text. The instance document does not appear in the Interactive Data File because XBRL tags are embedded within the Inline XBRL document. | X |
10.52 | Amendment No. 14 to Cisco Nonexclusive Value Added Distributor Agreement | 10-K | 10.47 | 8/22/2019 | ||||||||
10.53 | Amendment No. 16 to Cisco Nonexclusive Value Added Distributor Agreement | 10-Q | 10.1 | 5/10/2021 | ||||||||
10.54 | Amendment No. 17 to Cisco Nonexclusive Value Added Distributor Agreement | 10-Q | 10.2 | 5/10/2021 | ||||||||
10.55 | + | Addendum to Cisco Nonexclusive Value Added Distributor Agreement dated March 25, 2019 | 10-K | 10.48 | 8/22/2019 | |||||||
10.56 | + | Addendum to Cisco Nonexclusive Value Added Distributor Agreement dated March 2, 2015 | 10-K | 10.49 | 8/22/2019 | |||||||
10.57 | + | Affiliate Agreement under Cisco Nonexclusive Value Added Distributor Agreement | 10-K | 10.50 | 8/22/2019 | |||||||
10.58 | + | Distribution Agreement with US Motorola (f/k/a Symbol Technologies, Inc.) | 10-K | 10.58 | 8/24/2021 | |||||||
10.59 | + | Amendment to PartnerEmpower Distribution Agreement with Zebra | 10-K | 10.59 | 8/24/2021 | |||||||
10.60 | Participation Agreement Relating to Distribution Agreement with Zebra | 10-K | 10.51 | 8/29/2016 | ||||||||
10.61 | + | Amendment to PartnerConnect EVM Distributor Agreement | 10-K | 10.61 | 8/24/2021 | |||||||
10.62 | + | Addendum to Zebra PartnerConnect Distributor Agreement | 10-Q | 10.2 | 5/9/2019 | |||||||
10.63 | Letter of Agreement to PartnerConnect EVM Distributor Agreement | 10-K | 10.55 | 8/31/2020 | ||||||||
10.64 | Addendum to Zebra PartnerConnect EVM Distributor Agreement | 10-K | 10.64 | 8/24/2021 | ||||||||
21.1 | Subsidiaries of the Company | 10-K | 21.1 | 8/24/2021 | ||||||||
23.1 | Consent of Grant Thornton LLP | 10-K | 23.1 | 8/24/2021 | ||||||||
31.1 | Certification of the Chief Executive Officer | X | ||||||||||
31.2 | Certification of the Chief Financial Officer | X | ||||||||||
32.1 | Certification of the Chief Executive Officer | 10-K | 32.1 | 8/24/2021 | ||||||||
32.2 | Certification of the Chief Financial Officer | 10-K | 32.2 | 8/24/2021 | ||||||||
101 | The following materials from our Annual Report on Form 10-K for the year ended June 30, 2021, formatted in Inline XBRL (eXtensible Business Reporting Language): (i) the Consolidated Balance Sheets as of June 30, 2021 and June 30, 2020, (ii) the Consolidated Income Statements for the years ended June 30, 2021, June 30, 2020 and June 30, 2019, (iii) the Consolidated Statements of Shareholders’ Equity for the years ended June 30, 2021, June 30, 2020 and June 30, 2019, (iv) the Consolidated Statements of Cash Flows for the years ended June 30, 2021, June 30, 2020 and June 30, 2019, and (v) the Notes to the Consolidated Financial Statements, tagged as blocks of text. The instance document does not appear in the Interactive Data File because XBRL tags are embedded within the Inline XBRL document. | X | ||||||||||
104 | Cover page Inline XBRL File (Included in Exhibit 101) | X |
Portions of this exhibit have been omitted pursuant to Item 601(b) S-K. |
SCANSOURCE, INC. | ||
By: | /s/ Michael L. Baur | |
Michael L. Baur | ||
Chairman, Chief Executive Officer and President |