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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): January 30, 2025 (January 29, 2024)
ASGN Incorporated
(Exact name of registrant as specified in its charter)
| | | | | | | | | | | | | | |
Delaware | | 001-35636 | | 95-4023433 |
(State or other jurisdiction of incorporation or organization) | | (Commission File Number) | | (I.R.S. Employer Identification No.) |
4400 Cox Road, Suite 110
Glen Allen, Virginia 23060
(Address, including zip code, of Principal Executive Offices)
(888) 482-8068
Registrant’s telephone number, including area code
Not Applicable
(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 | Name of exchange on which registered |
Common Stock | ASGN | NYSE |
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.
Rand Blazer will be resigning from his role as President of ASGN Incorporated (the “Company”) effective March 1, 2025 (the “Transition Date”). Effective on the Transition Date, Mr. Blazer will assume the role of Executive Vice Chairman and, in his new position, will assist in the leadership transition and remain a part of the Company to advise on strategic initiatives. In connection with the change in role, Mr. Blazer and the Company entered into an agreement to amend Mr. Blazer’s employment agreement on January 29, 2025.
A copy of the press release is furnished as Exhibit 99.1 to this Report. The information included in Exhibit 99.1 shall not be deemed “filed” for the 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 filing made by the company under the Exchange Act or the Securities Act of 1933, as amended (the “Securities Act”), except as shall be expressly set forth by specific reference in such a filing.
Item 9.01. Financial Statements and Exhibits.
(d)Exhibits.
| | | | | | | | |
Exhibit No. | Description |
| | |
104 | | Cover Page Interactive Data File (formatted as inline XBRL) |
SIGNATURE
Pursuant to the requirements of the Securities and Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
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| | | | | | | | |
| | ASGN Incorporated | |
| | | |
Date: January 30, 2025 | | /s/ Jennifer Hankes Painter | |
| | Jennifer Hankes Painter | |
| | Senior Vice President, Chief Legal Officer and Secretary | |
ASGN Incorporated Announces President Transition
RICHMOND, VA., January 30, 2025 -- ASGN Incorporated (NYSE: ASGN), a leading provider of IT services and professional solutions across the commercial and government sectors, announced today that ASGN President Rand Blazer (75) will transition to the role of Executive Vice Chairman on March 1, 2025. As part of a planned succession, Shiv Iyer, former Americas Consulting and Industry X Lead Executive for Accenture, will become President and join the executive team.
Iyer brings over two decades of consulting experience to ASGN. Most recently, he led Accenture’s Consulting and Industry X solutions across the U.S., Canada, and Latin America, scaling the company’s functional, industry, and technological advisory capabilities. He initially joined Accenture in 2010 as a managing director in the Products industry vertical, before serving as Market Unit Lead, US Midwest. Iyer began his career at Wipro Infotech in India. He holds his bachelor's and master's degrees from the University of Mumbai and an MBA from the Kelley School of Business at Indiana University.
“I am delighted to welcome Shiv Iyer to our team," said ASGN’s Chief Executive Officer, Ted Hanson. "Shiv’s experience leading large-scale, high-growth consulting businesses across the Americas, combined with his industry and M&A expertise, ideally positions him to contribute to ASGN’s long-term strategic objectives. I am confident that Shiv will help drive our Company to new heights as we continue to serve our accounts and strengthen our IT solutions capabilities.”
"I am honored and excited to take on this new role with ASGN,” commented Iyer. “I look forward to working with leadership to further strengthen and build upon the strong foundation laid by Rand and the executive team. Together, we will position ASGN for continued growth and success."
Over the past twelve years, Rand Blazer has been instrumental in guiding ASGN’s market-leading growth and transformation. Through a combination of organic expansion and thoughtful acquisitions, Blazer guided ASGN’s evolution from a diversified staffing player to a provider of high-end, high-value IT services.
Blazer initially joined Apex Systems in 2007, enabling the company’s founders to transition the day-to-day operations under his leadership. Together with a talented group of professionals, he elevated Apex’s business ultimately leading to its combination with ASGN, then On Assignment, in 2012. Blazer was later promoted to President of ASGN in 2022. In his new position, Blazer will assist in Iyer’s leadership transition and remain a part of ASGN to advise on strategic initiatives.
Commenting on Blazer’s contributions, Hanson noted, “Rand has been an invaluable leader and partner. His vision and dedication, in partnership with our leadership team, have propelled ASGN’s IT services and solutions capabilities. Not only did he lead the modernization of our go-to-market strategy, but he also elevated the quality of our broader leadership. On behalf of our entire Company, we are deeply appreciative of Rand and grateful for his continued engagement.”
“Serving as President of ASGN has been one of the highlights of my career, and I am honored to be able to continue to support the Company in my new role,” said Blazer. “Shiv is a great addition to ASGN. I look forward to collaborating with him and our team to drive sustained innovation and success as we strengthen our commitment to delivering cutting-edge IT services to our esteemed Fortune 1000 and federal government clients.”
About ASGN Incorporated
ASGN Incorporated (NYSE: ASGN) is a leading provider of IT services and solutions across the commercial and government sectors. ASGN helps corporate enterprises and government organizations develop, implement, and operate critical IT and business solutions through its integrated offerings. For more information, please visit asgn.com.
Safe Harbor
Certain statements made in this news release are “forward-looking statements” within the meaning of Section 27A of the Securities Exchange Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and involve a high degree of risk and uncertainty. Forward-looking statements include statements, amongst others, regarding our anticipated financial and operating performance. All statements in this news release, other than those setting forth strictly historical information, are forward-looking statements. Forward-looking statements are not guarantees of future performance and actual results might differ materially. For a full list of risks and discussion of forward-looking statements, please see our Annual Report on Form 10-K for the year ended December 31, 2023, as filed with the SEC on February 23, 2024. We specifically disclaim any intention or duty to update any forward-looking statements contained in this news release.
Contact:
Kimberly Esterkin
Vice President, Investor Relations
kimberly.esterkin@asgn.com
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