UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF
THE SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported): November 22, 2022
PC Connection, Inc.
|
| (Exact name of registrant as specified in charter) |
Delaware
| 0-23827
| 02-0513618
|
(State or other juris-
diction of incorporation | (Commission
File Number) | (IRS Employer
Identification No.) |
730 Milford Road
Merrimack, New Hampshire | 03054
|
| (Address of principal executive offices) | (Zip Code) |
Registrant’s telephone number, including area code: (603) 683-2000
| N/A |
| (Former name or former address, if changed since last report) |
| ☐
| Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
| | |
| ☐
| Soliciting material pursuant to Rule 14a‑12 under the Exchange Act (17 CFR 240.14a‑12) |
| | |
| ☐
| Pre-commencement communications pursuant to Rule 14d‑2(b) under the Exchange Act (17 CFR 240.14d‑2(b)) |
| | |
| ☐
| Pre-commencement communications pursuant to Rule 13e‑4(c) under the Exchange Act (17 CFR 240.13e‑4(c)) |
Securities registered pursuant to Section 12(b) of the Act:
| | | |
| Title of each class | Trading Symbol(s) | Name of each exchange on which registered |
Common Stock, $0.01 par value
| CNXN
| The Nasdaq Global Select Market
|
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 8.01 Other Events
On November 22, 2022, PC Connection, Inc. (“Connection”) announced that its Board of Directors had declared a special cash dividend of $0.34 per share of common stock. The dividend is payable on December 23, 2022, to shareholders of record at the close of business on December 5, 2022.
Connection also announced that its Board of Directors approved a $25.0 million increase to Connection’s existing share repurchase authorization, bringing the aggregate size of the program to $80.0 million, of which approximately $37.7 million remains available.
The full text of the press release issued in connection with this announcement is filed as Exhibit 99.1 to this Current Report on Form 8-K.
Item 9.01 Financial Statements and Exhibits
(d) Exhibits.
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| 104 | | Cover Page Interactive Data File (embedded within the Inline XBRL document) |
SIGNATURES
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.
| PC CONNECTION, INC. | |
| | | |
| | | |
| | | |
| | | |
| By:
| /s/ Thomas C. Baker | |
| | Thomas C. Baker | |
| | Senior Vice President, Chief Financial Officer & Treasur |
Date: November 22, 2022
