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United States
Securities and Exchange Commission
Washington, DC 20549
SCHEDULE 14A
Proxy Statement Pursuant to Section 14(a) of the Securities
Exchange Act of 1934
Filed by the Registrant [x]
Filed by a party other than the Registrant [ ]
Check the appropriate box:
[ ] Preliminary Proxy Statement
[ ] Confidential, for use of the Commission Only (as permitted by
Rule 14a-6(e)(2))
[ ] Definitive Proxy Statement
[X] Definitive Additional Materials
[ ] Soliciting Material Pursuant to Section 240.14a-11(c) or Section
240.14a-12
POMEROY IT SOLUTIONS, INC.
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(Name of Registrant as Specified in its Charter)
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(Name of Person(s) Filing Proxy Statement, if other than Registrant)
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Item 1. On July 5, 2007, Pomeroy IT Solutions, Inc., issued the press release
set forth below announcing the termination of Stephen E.Pomeroy as the Company's
President and Chief Executive Officer. Stephen Pomeroy continues to serve as a
director of our company. However, our board of directors has voted to withdraw
the nomination of Stephen Pomeroy to stand for election as a director nominee at
our 2007 Annual Meeting of Stockholders. We intend to reschedule our 2007 Annual
Meeting of Stockholders and to resolicit proxies from stockholders with an
appropriate supplement to our definitive proxy statement.
PRESS RELEASE
POMEROY TERMINATES PRESIDENT/CHIEF EXECUTIVE OFFICER
Kevin Gregory Named President/Chief Executive Officer on Interim Basis
Hebron, KY - July 5, 2007 - Pomeroy IT Solutions, Inc. (NASDAQ: PMRY) today
announced that on July 3, 2007, following a review by independent counsel, its
Board of Directors terminated Stephen E. Pomeroy as the Company's President and
Chief Executive Officer. In addition, Mr. Pomeroy's employment was terminated in
accordance with the terms of his employment agreement. The terminations were due
to certain conduct and actions of Mr. Pomeroy none of which involved any
financial impropriety or illegal actions.
The Board appointed Kevin G. Gregory, 44, as President and Chief Executive
Officer of the Company for an interim period, with a term commencing on July 3,
2007. Mr. Gregory will continue to serve as the Company's Chief Financial
Officer.
The Company's core management team remains intact and is dedicated to the
Company's goals and mission. The Board of Directors is commencing an executive
search to choose a permanent President and Chief Executive Officer of the
Company.