ScanSource Declares Two-for-One Stock Split
16 5월 2006 - 5:15AM
Business Wire
ScanSource, Inc. (NASDAQ:SCSC), a leading value-added distributor
of specialty technology products for the reseller market, today
announced that its board of directors has approved a two-for-one
stock split of the Company's common stock. The stock split will be
effected in the form of a common stock dividend of one share of the
Company's common stock for each outstanding share of common stock.
The common stock dividend will be payable on June 5, 2006 to
shareholders of record on May 25, 2006. ""We believe that this
stock split will make ScanSource more accessible to a broader range
of investors," said Mike Baur, President and CEO of ScanSource. The
stock dividend means that a shareholder will receive an additional
common share for each common share owned on the record date.
Following the stock dividend, ScanSource's total common shares
outstanding will increase from approximately 13 million to
approximately 26 million. The stock is expected to begin trading on
the stock-dividend-adjusted basis on June 6, 2006. Safe Harbor
Statement Certain matters discussed in this release may constitute
forward looking statements involving risks, uncertainties and other
factors that may cause the actual performance of ScanSource to be
materially different from the performance indicated or implied by
such statements. About ScanSource ScanSource, Inc. is a leading
international distributor of specialty technology products for the
reseller community. ScanSource markets automatic identification and
data capture (AIDC) and point-of-sale (POS) products through its
ScanSource sales unit; Avaya communications products through its
Catalyst Telecom sales unit; communications products through its
Paracon sales unit; and electronic security products through its
ScanSource Security Distribution unit. The Company serves the North
America marketplace and has an international segment, which sells
AIDC and POS products in Latin America and Europe. Founded in 1992,
the Company markets products from more than 100 technology
manufacturers to over 16,000 value-added technology resellers and
is committed to empowering them with tools and services designed to
help them grow. For more information, call the toll-free sales
telephone number at 800.944.2432 or visit www.scansource.com.
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