ScanSource, Inc. (NASDAQ: SCSC), today announced that in view of a recent newspaper article raising questions concerning the Company's historical stock option grant practices, it is undertaking a review of those practices and related accounting issues from the time of its IPO in 1994 to the present. A special committee of the Company's Board of Directors, consisting entirely of independent directors, has been formed to conduct the review, and will be assisted by independent legal counsel and advisors. The Company expects to be in a position to comment further on these matters after the review by the special committee is complete. ScanSource, Inc. is a leading international distributor of specialty technology products. The Company markets specialty technologies through�five sales units: ScanSource [automatic identification and data capture�(AIDC) and point-of-sale (POS) products];�Catalyst Telecom�(Avaya communications products); Paracon�(communications�products);�T2 Supply (video conferencing and telephony products); and ScanSource Security Distribution�(electronic security products). ScanSource 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 ranks #982 on the Fortune 1000. For more information, call the toll-free sales telephone number at 800.944.2432 or visit www.scansource.com. ScanSource, Inc. (NASDAQ: SCSC), today announced that in view of a recent newspaper article raising questions concerning the Company's historical stock option grant practices, it is undertaking a review of those practices and related accounting issues from the time of its IPO in 1994 to the present. A special committee of the Company's Board of Directors, consisting entirely of independent directors, has been formed to conduct the review, and will be assisted by independent legal counsel and advisors. The Company expects to be in a position to comment further on these matters after the review by the special committee is complete. ScanSource, Inc. is a leading international distributor of specialty technology products. The Company markets specialty technologies through five sales units: ScanSource (automatic identification and data capture (AIDC) and point-of-sale (POS) products); Catalyst Telecom (Avaya communications products); Paracon (communications products); T2 Supply (video conferencing and telephony products); and ScanSource Security Distribution (electronic security products). ScanSource 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 ranks #982 on the Fortune 1000. For more information, call the toll-free sales telephone number at 800.944.2432 or visit www.scansource.com.
ScanSource (NASDAQ:SCSC)
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ScanSource (NASDAQ:SCSC)
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