Try our mobile app

Published: 2021-10-26 16:06:02 ET
<<<  go to EBIX company page
Form 8-K
EBIX INC false 0000814549 0000814549 2021-10-20 2021-10-20

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 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) October 20, 2021

 

 

EBIX, INC.

(Exact name of registrant as specified in its charter)

 

 

 

Delaware   0-15946   77-0021975
(State or other jurisdiction
of incorporation)		   (Commission
File Number)		   (IRS Employer
Identification No.)

 

1 Ebix Way, Johns Creek, Georgia   30097
(Address of principal executive offices)   (Zip Code)

Registrant’s telephone number, including area code (678) 281-2020

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
Symbol(s)

  

Name of each exchange
on which registered

Common Stock, $0.10 par value per share   EBIX   Nasdaq Stock Market

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.

(e)    Compensatory Arrangements of Certain Officers

On October 20, 2021, after reviewing the Chief Executive Officer and Chairman’s performance under his compensation plan, the Compensation Committee of Ebix, Inc. approved a retention grant of $3,600,000 in cash to Mr. Raina. While the grant shall be paid to Mr. Raina in full, it shall be earned by his remaining at his position over a three year period. If Mr. Raina voluntarily leaves the position of Chief Executive Officer of the Company within three years from the date of this grant, he will immediately be required to pay back the amount of the grant that has yet to be earned ratably as measured by each month of the 36 month period.

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.

 

Date: October 26, 2021  
  EBIX, INC.
  By:  

/s/ Charles M. Harrell

  Name:   Charles M. Harrell
  Title:   General Counsel