EPLUS INC 8-K

What Happened ePlus Inc. announced on January 6, 2026 that its Board of Directors increased from seven to eight members and appointed Michael J. Portegello (age 61) to fill the new seat. Mr. Portegello was also named to the Board’s Audit and Compensation Committees. His term runs until the Company’s next Annual Meeting of Shareholders and until a successor is elected and qualified.

Key Details

• Board size increased from seven to eight directors; appointment effective January 6, 2026.
• Appointee: Michael J. Portegello, age 61; added to the Audit and Compensation Committees.
• Term: serves until the next annual shareholders’ meeting; Board determined he is an independent director under Nasdaq rules.
• Compensation: will receive standard independent director pay with a pro‑rata adjustment for partial-year service, including a pro‑rata restricted stock grant under the ePlus 2024 Non‑Employee Director Long‑Term Incentive Plan. The filing notes no family relationships or related‑party transactions requiring disclosure.

Why It Matters For investors, this is a governance update that expands the Board and adds an independent director who will participate on the Audit and Compensation Committees—committees that oversee financial reporting and executive pay. The appointment follows the Company’s established director compensation program and was disclosed in an 8‑K, signaling the change is official and compliant with disclosure rules.