Global Industrial Co 2025年度报告

FORM 10-K (Mark One) ☒ANNUAL REPORT PURSUANT TO SECTION 13 or 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 or ☐TRANSITION REPORT PURSUANT TO SECTION 13 or 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934For the transition period fromto Commission File Number: 1-13792 Global Industrial Company (Exact name of registrant as specified in its charter) Delaware11-3262067(State or other jurisdiction of incorporation or organization)(I.R.S. Employer Identification No.) 11 Harbor Park DrivePort Washington, New York11050(Address of principal executive offices, including zip code) Registrant’s telephone number, including area code:(516) 608-7000 Securities registered pursuant to Section 12(b) of the Act: Securities registered pursuant to Section 12(g) of the Act:NONE Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Yes☐No☒ Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act. Yes☐No Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the SecuritiesExchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports),and (2) has been subject to such filing requirements for the past 90 days. Yes☒No☐ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submittedpursuant to Rule 405 of Regulation S-T (§ 232.405 of this chapter) during the preceding 12 months (or for such shorter period that theregistrant was required to submit such files). Yes☒No☐ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer or a smallerreporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smallerreporting company, and "emerging growth company” in Rule 12b-2 of the Exchange Act (Check one): Large Accelerated Filer☐Non-Accelerated Filer☐ Accelerated Filer☒Smaller reporting company☐Emerging growth company☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period forcomplying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐ Indicate by check mark whether the registrant has filed a report on and attestation to its management's assessment of theeffectiveness of its internal control over financial reporting under Section 404(b) of the Sarbanes-Oxley Act (15 U.S.C. 7262(b)) by theregistered public accounting firm that prepared or issued its audit report.☒ If securities are registered pursuant to Section 12(b) of the Act, indicate by check mark whether the financial statements of theregistrant included in the filing reflect the correction of an error to previously issued financial statements.☐ Indicate by check mark whether any of those error corrections are restatements that required a recovery analysis of incentive-basedcompensation received by any of the registrant’s executive officers during the relevant recovery period pursuant to §240.10D-1(b).☐ Indicate by check mark whether the registrant is a shell company (as defined in Exchange Act Rule 12b-2). Yes☐No☒ The aggregate market value of the voting stock held by non-affiliates of the registrant as of June30, 2025 which is the last businessday of the registrant’s most recently completed second fiscal quarter, was approximately $367,046,259. For purposes of thiscomputation, all executive officers and directors of the Registrant and all parties to the Stockholders Agreement dated as of June 15,1995 have been deemed to be affiliates. Such determination should not be deemed to be an admission that such persons are, in fact,affiliates of the Registrant. The number of shares outstanding of the registrant’s common stock as of February20, 2026 was 38,196,742 shares.Documents incorporated by reference: Portions of the Proxy Statement of Global Industrial Company relating to the Annual Meeting ofStockholders to be held in 2026 are incorporated by reference in Part III hereof. Item 1.Business5General5Products5Sales and Marketing6Customer Service, Order Fulfillment and Support7Suppliers8Competition and Other Market Factors8Human Capital Resources8Environment, Health and Safety: Government Regulations9Seasonality9Available Information10Item 1A.Risk Factors10Item 1B.Unresolved Staff Comments19Item 1C.Cybersecurity19Item 2.Properties20Item 3.Legal Proceedings21Item 4.Mine Safety Disclosures21 Item 5.Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities22Item 6.Reserved22Item 7.Management’s Discussion and Analysis of Financial Condition and Results of Operations22Item 7A.Quantitative and Qualitative Disclosures About Market Risk31Item 8.Financ