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): April 18, 2006
POMEROY IT SOLUTIONS, INC.
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(Exact name of registrant as specified in its charter)
Delaware 0-20022 31-1227808
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(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
1020 Petersburg Road, Hebron, KY 41048
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(Address of principal executive offices and Zip Code)
Registrant's telephone number, including area code (859) 586-0600
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Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions:
[_] 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))
Section 8 -- Other Events
Item 8.01 Other Events.
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On April 18, 2006, Pomeroy IT Solutions, Inc. announced that the Board of
Directors of the Company authorized a stock repurchase program. The Company can
repurchase up to 500,000 shares, not to exceed $5 million. The timing and
extent of the repurchases will depend on market conditions and is subject to
credit facility limitations and the Company regaining compliance with the Nasdaq
listing requirements.
Section 9 - Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits.
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(d) Exhibits
99.1 Press release dated April 18, 2006 announcing that on March 31,
2006, the Board of Directors of the Company authorized a program
to repurchase up to 500,000 shares of its outstanding common
stock.
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.
POMEROY IT SOLUTIONS, INC.
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Date: April 19, 2006 By: /s/ Stephen E. Pomeroy
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Stephen E. Pomeroy, Chief Executive Officer,
President & Chief Operating Officer