Climb Global Solutions, Inc 8-K, filed Oct 15, 2021
Climb Global Solutions, Inc. (CLMB)
About this 8-K
Climb Global Solutions, Inc filed this 8-K on October 15, 2021, reporting on events of October 11, 2021.
Items reported
- Item 5.02: Director or officer change, or executive pay
- Item 7.01: Regulation FD disclosure
- Item 9.01: Financial statements and exhibits
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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
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Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On October 11, 2021, Ms. Carol DiBattiste resigned from the Board of Directors (“Board”) of Wayside Technology Group, Inc. (the “Company”) and from all committees of the Board. Ms. DiBattiste’s resignation was not the result of any disagreement with the Company relating to the Company’s operations, policies or practices. Ms. DiBattiste’s service and contributions to the Company have been greatly appreciated. In connection with Ms. DiBattiste’s resignation, the Board reduced the size of the Board from seven members to six members.
Item 7.01 Regulation FD Disclosure.
A copy of the Company’s press release concerning Ms. DiBattiste’s resignation is being furnished as Exhibit 99.1 to this Current Report on Form 8-K.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits.
99.1 104 | Press release issued by Wayside Technology Group, Inc. dated October 15, 2021. Cover Page Interactive Data File (formatted as inline XBRL). |
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| WAYSIDE TECHNOLOGY GROUP, INC. | ||
| | ||
Date: October 15, 2021 | By: | /s/ Andrew Clark | |
| Name: | Andrew Clark | |
| Title: | Chief Financial Officer | |
2
Exhibit 99.1
Wayside Technology Group Announces Resignation of Carol DiBattiste from Board of Directors
EATONTOWN, N.J., October 15, 2021 -- Wayside Technology Group, Inc. (NASDAQ: WSTG) ("Wayside" or the "Company"), a value-added global IT channel company providing innovative sales and distribution solutions for emerging technology vendors, has announced Carol DiBattiste's resignation from its Board of Directors (the "Board") to pursue other interests.
Commenting on her resignation, DiBattiste stated: "I have really enjoyed my time on the Board and thank the Directors and Company Leadership for their great work and collaboration. I am grateful for having had the opportunity to contribute to the Board's and the Company's success."
"On behalf of the Board and management team, I want to thank Carol for her service to Wayside. Carol's work on our Board and specifically with our Risk & Security Committee where her input and leadership have been of enormous value to the company. We wish her all the best in her future endeavors," said Jeff Geygan, Wayside's Chairman of the Board.
About Wayside Technology Group
Wayside Technology Group, Inc. (NASDAQ: WSTG) is a value-added IT distribution and solutions company specializing in emerging and disruptive technologies. Wayside operates across the US, Canada and Europe through multiple business units, including Climb Channel Solutions, Grey Matter, TechXtend and Cloud Know How. The Company provides IT distribution and solutions for emerging companies in the Security, Data Management, Cloud, Connectivity, Storage & HCI, Virtualization, and Software & ALM industries.
Additional information can be found by visiting www.waysidetechnology.com.
Forward-Looking Statements
The statements in this release concerning the Company's future prospects are forward-looking statements that involve certain risks and uncertainties. These risks and uncertainties include, without limitation, the continued acceptance of the Company's distribution channel by vendors and customers, the timely availability and acceptance of new products, product mix, market conditions, contribution of key vendor relationships and support programs, as well as factors that affect the software industry in general and other factors. Currently, one of the most significant factors, however, is the potential adverse effect of the current pandemic of the novel coronavirus, or COVID-19, on the Company, the global economy, and financial markets. The extent to which COVID-19 impacts the Company will depend on future developments, which are highly uncertain and cannot be predicted with confidence, including the scope, severity and duration of the pandemic, the actions taken to contain the pandemic or mitigate its impact, and the direct and indirect economic effects of the pandemic and containment measures, including the impact on our reseller partners and the end customer markets they serve, among others. The forward-looking statements contained herein are also subject generally to other risks and uncertainties that are described from time to time in our filings with the Securities and Exchange Commission.
Company Contact
Drew Clark
Chief Financial Officer
(732) 389-0932
drew@waysidetechnology.com
Investor Relations Contact
Sean Mansouri, CFA
Elevate IR
(949) 200-4603
WSTG@elevate-ir.com