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icfi20200901_8k.htm
false 0001362004 0001362004 2020-09-01 2020-09-01
 
 
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): September 1, 2020
 
 
ICF International, Inc.
(Exact name of registrant as specified in its charter)
 
 
Delaware
001-33045
22-3661438
(State or other jurisdiction of
incorporation or organization)
(Commission File Number)
(I.R.S. Employer
Identification Number)
 
 
 
9300 Lee Highway, Fairfax, Virginia
 
22031
(Address of principal executive offices)
 
(Zip Code)
 
 
 
Registrant’s telephone number, including area code:(703) 934-3000
 
  
 
Not Applicable
(Former name or former address, if changed since last report.)
 
 Securities registered pursuant to Section 12(b) of the Act.
 
Title of each class
Trading Symbols(s)
Name of each exchange on which registered
Common Stock
ICFI
NASDAQ
     
     
 
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))
 
 
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
 
(d)     On September 1, 2020, the Board of Directors (the “Board”) of ICF International, Inc. (the “Company”) increased the size of the Company’s Board from eight (8) to nine (9) members and appointed Ms. Marilyn Crouther to the Board. Effective September 2, 2020, Ms. Crouther shall be a Class II director, serving until the Company’s annual meeting of stockholders in 2023, subject to her prior death, resignation or removal from office as provided by law. Ms. Crouther has been designated a member of the Audit Committee of the Board.
 
Ms. Crouther currently serves as CEO & Principal at Crouther Consulting LLC, which provides consulting services to information technology (“IT”) companies, corporate executives, and small businesses. She has more than 30 years of experience in the IT industry. She previously served as Senior Vice President and General Manager for Hewlett Packard Enterprise – Enterprise Services’ $3 billion U.S. Public Sector business.  She also played a pivotal role in the merger of Hewlett Packard Enterprise – Enterprise Service and Computer Sciences Corporation, leading to the creation of a new company, DXC Technology. Ms. Crouther was appointed by the Commonwealth of Virginia Senate Committee on Rules to the Innovation and Entrepreneurship Investment Authority.  She serves on the Board of Directors for the Center for Innovative Technology and the Information Technology Senior Management Forum.
 
Ms. Crouther earned a Bachelor of Professional Accountancy from Mississippi State University. She is a graduate of the Southern Methodist University Finance Certificate Program and the Thunderbird Executive Development Program. She is a Certified Public Accountant and a member of the Texas Society of Public Accountants.
 
There is no arrangement or understanding between Ms. Crouther - and any other person pursuant to which she was appointed as a director of the Company. In connection with her service, Ms. Crouther will receive the Company’s standard director’s compensation package for 2020 received by the Company’s current non-employee directors, as discussed in the Company’s Proxy Statement filed on April 17, 2020, prorated for the time she serves during 2020. Ms. Crouther does not have any other current or proposed material arrangements or transactions with related person to be disclosed pursuant to Item 404(a) of Regulation S-K.
 
The press release containing this announcement is attached hereto as Exhibit 99.1.
 
 
Item 9.01 Financial Statements and Exhibits
 
(d) Exhibits
 
99.1
  
104
  
Cover Page Interactive Data File (embedded within the Inline XBRL document)
 
 
 
 
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 thereunto duly authorized.
 
 
 
ICF International, Inc.
 
 
 
 
Date: September 1, 2020
 
By:
 /s/ James E. Daniel
 
 
 
James E. Daniel
 
 
 
Executive Vice President, General Counsel & Secretary
 
 
ex_202430.htm

Exhibit 99.1

 

NEWS RELEASE

FOR IMMEDIATE RELEASE

Contact: Lauren Dyke, lauren.dyke@ICF.com, +1.571.373.5577

 

 

Recognized Technology Leader to Join ICF Board of Directors

 

Former HPE, DXC Executive Marilyn Crouther Previously Led $3 Billion

IT and Technology Services Business

 

FAIRFAX, Va. (September 1, 2020) — ICF (NASDAQ: ICFI), a global consulting and digital services provider, has appointed Marilyn Crouther to its board of directors. A recognized industry leader and former Hewlett Packard Enterprise (HPE) and DXC Technology executive, Crouther brings demonstrated experience in delivering transformational technology and IT modernization services through a blend of horizontal offerings and vertical industry go-to-market approaches.

 

“Marilyn is a welcome addition to our board,” said Sudhakar Kesavan, ICF executive chairman. “Her extensive experience in growing technology businesses, forging strong partnerships, and delivering innovative solutions is a natural fit for ICF. Her impressive track record of leading large, complex IT projects for public sector clients complements our focus on high-growth, high-profile areas including IT modernization and digital transformation.”

 

Crouther brings 30 years of visionary leadership in the technology and government contracting markets to ICF. As senior vice president and general manager for HPE - Enterprise Services’ $3 billion U.S. Public Sector business, Crouther was responsible for the go-to-market strategy, operations and delivery of relevant offerings to federal, state and local government clients. She also played a pivotal role in the merger of HPE - Enterprise Services and Computer Sciences Corporation leading to the creation of a new company, DXC Technology.

 

Crouther serves on the board of directors for the Center for Innovative Technology and the Information Technology Senior Management Forum. She has been recognized as one of the Top Women in Technology by FedScoop and was named to FedScoop DC’s Top 50 Women in Tech for four consecutive years. She was named one of the 300 Most Powerful Executives by Black Enterprise and one of Executive Mosaic’s Washington 100 top executives.

 

“ICF offers strong cross-cutting capabilities in technology and engagement paired with incredible domain expertise to an impressive roster of clients,” said Crouther. “I look forward to sharing my expertise and helping clients navigate constantly evolving industries and consumer expectations. It’s an honor to join ICF’s board of directors and work alongside such a talented and purpose-driven team.”

 

###

 

 
 

 

About ICF

 

ICF (NASDAQ:ICFI) is a global consulting services company with over 7,000 full- and part-time employees, but we are not your typical consultants. At ICF, business analysts and policy specialists work together with digital strategists, data scientists and creatives. We combine unmatched industry expertise with cutting-edge engagement capabilities to help organizations solve their most complex challenges. Since 1969, public and private sector clients have worked with ICF to navigate change and shape the future. Learn more at icf.com.

 

 

Caution Concerning Forward-looking Statements

 

Statements that are not historical facts and involve known and unknown risks and uncertainties are "forward-looking statements" as defined in the Private Securities Litigation Reform Act of 1995. Such statements may concern our current expectations about our future results, plans, operations and prospects and involve certain risks, including those related to the government contracting industry generally; our particular business, including our dependence on contracts with U.S. federal government agencies; our ability to acquire and successfully integrate businesses; and the effects of the novel coronavirus disease (COVID-19) and related federal, state and local government actions and reactions on the health of our staff and that of our clients, the continuity of our and our clients' operations, our results of operations and our outlook. These and other factors that could cause our actual results to differ from those indicated in forward-looking statements that are included in the "Risk Factors" section of our securities filings with the Securities and Exchange Commission. The forward-looking statements included herein are only made as of the date hereof, and we specifically disclaim any obligation to update these statements in the future.