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): October 22, 2010
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PC Connection, Inc. |
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(Exact name of registrant as specified in charter) |
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Delaware |
0-23827 |
02-0513618 |
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(State or other juris- diction of incorporation) |
(Commission File Number) |
(IRS Employer Identification No.) |
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Rt. 101A, 730 Milford Road Merrimack, NH |
03054 |
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(Address of principal executive offices) |
(Zip Code) |
Registrant’s
telephone number, including area code: (603) 683-2000
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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))
Item 2.02. Results of Operations and Financial Condition
On October 22, 2010, PC Connection, Inc. issued a press release regarding its financial results for the quarter ended September 30, 2010. The full text of the press release issued in connection with the announcement is furnished as Exhibit 99.1 to this Current Report on Form 8-K.
The information in this Form 8-K (including Exhibit 99.1) shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934 (the “Exchange Act”) or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933 or the Exchange Act, except as expressly set forth by specific reference in such a filing.
Item 9.01. Financial Statements and Exhibits
| (d) | Exhibits | ||
| The following exhibit relating to Item 2.02 shall be deemed to be furnished, and not filed: | |||
| 99.1 | Press Release issued by PC Connection, Inc. on October 22, 2010. | ||
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.
|
Date: |
October 22, 2010 |
PC CONNECTION, INC. |
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By: |
/s/ Jack Ferguson |
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Jack Ferguson |
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Executive Vice President, Treasurer, and |
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Chief Financial Officer |
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EXHIBIT INDEX
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Exhibit No. |
Description |
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99.1 |
Press release issued by PC Connection, Inc. on October 22, 2010. |
Exhibit 99.1
PC Connection, Inc. (PCCC) to Release Third Quarter 2010 Results
Company Provides Third Quarter Update
MERRIMACK, N.H.--(BUSINESS WIRE)--October 22, 2010--PC Connection, Inc. (NASDAQ: PCCC), a leading direct marketer of information technology (IT) products and services, will release its third quarter 2010 operating results after close of market on Tuesday, November 2, 2010. At 5:00 p.m. ET on that date, management will review these results during their quarterly conference call.
The Company will report a 32% increase in net sales, and a nearly 200% increase in earnings year over year for the three months ended September 30, 2010. Net sales were $533 million for the quarter, compared to $403 million for the three months ended September 30, 2009. Each of its three major business segments achieved double-digit year-over-year revenue growth, with the enterprise/large account segment growing over 50%. The Company will report net income in the range of $8.0 million to $8.6 million for the quarter, or $.30 to $.32 per share, compared to $2.9 million, or $.11 per share for the corresponding prior year quarter.
To access the Company’s conference call on November 2, 2010, please dial 888-734-0359 (US) or 678-809-1073 (International). The conference call will be available in listen-only mode to the general public on a live webcast on the Company’s website at http://ir.pcconnection.com. To access the replay of the call, please dial 800-642-1687 or 706-645-9291 and enter the access code 89967000.
About PC Connection, Inc.
PC Connection, Inc., a Fortune 1000 company, operates through four sales companies: PC Connection Sales Corporation, MoreDirect, Inc., GovConnection, Inc., and PC Connection Express, Inc., headquartered in Merrimack, NH, Boca Raton, FL, Rockville, MD, and Portsmouth, NH, respectively. All four companies can deliver custom-configured computer systems overnight from PC Connection Services’ ISO 9001:2000 certified technical configuration lab at its distribution center in Wilmington, OH. Investors and media can find more information about PC Connection, Inc. at http://ir.pcconnection.com.
PC Connection Sales Corporation (800-800-5555), the original business of PC Connection, Inc. serving the small- and medium-sized business sector, is a rapid-response provider of IT products and services. It offers more than 180,000 brand-name products through its staff of technically trained sales account managers and catalog telesales representatives, catalogs, and publications, and its website at www.pcconnection.com.
MoreDirect, Inc. (561-237-3300), www.moredirect.com, provides corporate technology buyers with a comprehensive web-based e-procurement solution and in-depth IT supply-chain expertise, serving as a one-stop source by aggregating more than 300,000 products from the inventories of leading IT wholesale distributors and manufacturers. MoreDirect’s TRAXX™ system is a seamless end-to-end interface that empowers clients to electronically source, evaluate, compare prices, and track related technology product purchases in real-time.
GovConnection, Inc. (800-800-0019) is a rapid-response provider of IT products and services to federal, state, and local government agencies and educational institutions through specialized account managers, catalogs, and publications, and online at www.govconnection.com.
PC Connection Express, Inc. (888-800-0323) is a rapid-response provider of computer products and consumer electronics to home, home office, and small office users. Customers can purchase the best-known brands in the industry online at www.pcconnectionexpress.com or order by calling a trained sales specialist. The subsidiary includes the MacConnection brand (800-800-2222), one of Apple’s largest authorized online resellers at www.macconnection.com.
pccc-g
“Safe Harbor” Statement Under the Private Securities Litigation Reform Act of 1995: This release contains forward-looking statements that are subject to risks and uncertainties, including, but not limited to, the impact of changes in market demand and the overall level of economic activity and environment, or in the level of business investment in information technology products, competitive products and pricing, product availability and market acceptance, new products, fluctuations in operating results, and the ability of the Company to manage personnel levels in response to fluctuations in revenue, and other risks that could cause actual results to differ materially from those detailed under the caption “Risk Factors” in the Company’s Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission for the quarter ended June 30, 2010. The Company assumes no obligation to update the information in this press release or revise any forward-looking statements, whether as a result of any new information, future events, or otherwise.
CONTACT:
PC Connection, Inc.
Stephen Baldridge, 603-683-2322
Sr.
Vice President of Finance & Corporate Controller