ScanSource Special Committee Concludes Stock Option Review
22 1월 2007 - 2:01PM
Business Wire
ScanSource, Inc., (Nasdaq: SCSC), a leading international
value-added distributor of specialty technology products, announced
today that on January 19, 2007, it filed a current report on Form
8K with the SEC to announce the findings of its Special Committee
of the Board of Directors from its review of the Company�s
historical stock option grant practices. The review covered the
period from the Company�s Initial Public Offering in 1994 to
present. See the Company�s current report on Form 8K for a summary
of the findings by the Special Committee and related information.
�We appreciate the thoroughness and the concentrated effort, which
brought the timely completion of this independent review,� said Jim
Foody, Chairman, ScanSource, Inc. �The full board has considered
and adopted all of the recommended improvements to the Company�s
stock option grant process. I am confident that Mike Baur and his
team will implement the recommendations in a timely and successful
manner.� About ScanSource, Inc. 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.
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