SEC Filing Summary: Systemax Inc. (Form 8-K)
Business Context and Reporting Period
This Current Report on Form 8-K was filed by Systemax Inc. on March 7, 2006. The report addresses an inadvertent omission of required corporate governance information from the company's annual proxy statement for the shareholder meeting held on December 29, 2005. The filing serves to comply with New York Stock Exchange (NYSE) Listed Company Manual requirements.
Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This report is strictly administrative and contains no financial performance data.
Material Changes
There are no material changes to the company's financial condition or operations reported in this document. The only change is the correction of the proxy statement record to include:
- The identification of the non-management director presiding at executive sessions.
- The method for interested parties to communicate directly with the presiding director or non-management directors.
- Confirmation that Corporate Governance Guidelines are available on the company website and in print upon request.
Guidance, Outlook, and Governance Details
Management Commentary and Governance:
- Presiding Director: Mr. Stacy Dick, Chair of the Audit Committee, generally presides at executive sessions of non-management directors. If unavailable, present non-management members select a chair.
- Communication Method: Interested parties may communicate by mail to the Audit Committee at the principal executive office (11 Harbor Park Drive, Port Washington, NY 11050). Communications are promptly relayed.
- Document Availability: Corporate Governance Guidelines and committee charters are available on the company website and in print for shareholders.
Risks and Contingencies: The filing notes an inadvertent omission in prior disclosures but does not identify new risks or contingencies.
Key Facts for Investor Verification
- Verify that Mr. Stacy Dick remains the Chair of the Audit Committee and presiding director for executive sessions.
- Confirm the availability of Corporate Governance Guidelines on the Systemax Inc. website.
- Note that this filing corrects a procedural oversight regarding NYSE disclosure rules and does not reflect operational or financial changes.