DHI Group Inc. filed SEC Form 8-K: Leadership Update, Regulation FD Disclosure, Financial Statements and Exhibits
$DHX
Business Services
Consumer Discretionary
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM 8-K
CURRENT REPORT PURSUANT
TO SECTION 13 OR 15(D) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of report (Date of earliest event reported) January 28, 2025
(Exact Name of Registrant as Specified in Its Charter)
(State or Other Jurisdiction of Incorporation)
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Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
On January 28, 2025, the Board of Directors of DHI Group, Inc. (the “Company”) appointed Gregory Schippers, as the Company's Chief Financial Officer (“CFO”), and E. Jack Connolly as the Company's Chief Legal Officer ("CLO"), with both appointments effective January 28, 2025 (the “Employment Commencement Date”). Mr. Schippers will have overall responsibility for the Company’s financial organization, including financial planning, accounting, financial reporting, investor relations, treasury, internal audit and tax matters. Mr. Connolly will be responsible for overseeing the company's legal affairs including intellectual property, mergers and acquisitions, strategic alliances, corporate securities, data privacy and corporate governance.
Mr. Schippers joined the Company in 2014 as Vice President of Finance and Controller. He was appointed Interim CFO of the Company in November 2024.
Mr. Connolly joined the Company in 2018 as its Corporate Attorney and served in that role until January 2020; from January 2020 to January 2022, he served the Company as Senior Corporate Attorney and was
promoted to Vice President of Legal in January 2022, a role he held until May of 2023. He has served as the Company's General Counsel since May of 2023.
Mr. Schippers does not have any family relationship with any director or officer of the Company or any other person nominated or chosen by the Company to become a director or executive officer, and there are no transactions in which Mr. Schippers has an interest requiring disclosure under Item 404(a) of Regulation S-K.
In connection with Mr. Schippers appointment as CFO, Dice Inc., a subsidiary of the Company (“Dice”), and Mr. Schippers have entered into an employment agreement (the “Schippers Employment Agreement”). Pursuant to the Schippers Employment Agreement, Mr. Schippers' annual base salary will be $320,000, and his annual target cash bonus will be 50% of his base salary.
If Mr. Schippers employment with the Company is terminated by the Company without Cause, but excluding by Mr. Schippers for Good Reason (as defined in the Schippers Employment Agreement) (other than following a Change of Control (each as defined in the Schippers Employment Agreement)), Mr. Schippers would be entitled to receive, subject to his execution of a release of claims, (i) a lump-sum severance payment equal to nine months of his then-current annual base salary and (ii) his Annual Bonus with respect to any completed year for which he has not yet been paid, based on actual performance. If Mr. Schippers' employment with the Company is terminated by the Company without Cause or by him for Good Reason, in each case, within the one year period immediately following a Change of Control, Mr. Schippers would be entitled to receive, subject to his execution of a release of claims, (i) a lump-sum severance payment equal to (x) 100% of his then-current annual base salary plus (y) his then-current bonus target (or, if higher, the amount of any Annual Bonus paid in respect of the calendar year prior to the calendar year of termination of employment), (ii) his Annual Bonus with respect to any completed year for which the Employee has not yet been paid, based on actual performance, and (iii) accelerated vesting with respect to 100% of the shares of common stock underlying each of his then-unvested outstanding equity-based awards.
Mr. Connolly does not have any family relationship with any director or officer of the Company or any other person nominated or chosen by the Company to become a director or executive officer, and there are no transactions in which Mr. Connolly has an interest requiring disclosure under Item 404(a) of Regulation S-K.
In connection with Mr. Connolly's appointment as CLO, Dice, and Mr. Connolly have entered into an employment agreement (the “Connolly Employment Agreement,” and together with the Schippers Employment Agreement the "Employment Agreements"). Pursuant to the Connolly Employment Agreement, Mr. Connolly's annual base salary will be $300,000, and his annual target cash bonus will be 40% of his base salary.
If Mr. Connolly's employment with the Company is terminated by the Company without Cause, but excluding by Mr. Connolly for Good Reason (as defined in the Connolly Employment Agreement) (other than following a Change of Control (each as defined in the Connolly Employment Agreement), Mr. Connolly would be entitled to receive, subject to his execution of a release of claims, (i) a lump-sum severance payment equal to nine months of his then-current annual base salary and (ii) his Annual Bonus with respect to any completed year for which he has not yet been paid, based on actual performance. If Mr. Connolly's employment with the Company is terminated by the Company without Cause or by him for Good Reason, in each case, within the one year period immediately following a Change of Control, Mr. Connolly would be entitled to receive, subject to his execution of a release of claims, (i) a lump-sum severance payment equal to (x) 100% of his then-current annual base salary plus (y) his then-current bonus target (or, if higher, the amount of any Annual Bonus paid in respect of the calendar year prior to the calendar year of termination of employment), (ii) his Annual Bonus with respect to any completed year for which the Employee has not yet been paid, based on actual performance, and (iii) accelerated vesting with respect to 100% of the shares of common stock underlying each of his then-unvested outstanding equity-based awards.
The foregoing description of the Employment Agreements do not purport to be complete and are qualified in their entirety by reference to the Employment Agreements, which are filed as Exhibits 10.1 and 10.2 hereto and incorporated herein by reference.
Item 7.01 Regulation FD Disclosure
On January 30, 2025, the Company issued a press release relating to Mr. Schippers' and Mr. Connolly's appointments. A copy of such press release is furnished as Exhibit 99.1 to this Current Report on Form 8-K.
The information set forth in this Item 7.01 of this Current Report on Form 8-K, including Exhibit 99.1 hereto, is being furnished pursuant to Item 7.01 of Form 8-K and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference into any of the Company’s filings under the Securities Act of 1933, as amended, or the Exchange Act, whether made before or after the date hereof and regardless of any general incorporation language in such filings, except to the extent expressly set forth by specific reference in such a filing.
ITEM 9.01 Financial Statements and Exhibits
(a)Exhibits.
EXHIBIT NO. DESCRIPTION
| 10.1 | ||||||||
| 10.2 | ||||||||
| 99.1 | ||||||||
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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.
| DHI GROUP, INC. | ||||||||||||||
| Date: | January 30, 2025 | By: /S/ Art Zeile | ||||||||||||
| Name: Art Zeile | ||||||||||||||
| Title: President, Chief Executive Officer and Director | ||||||||||||||