PC Connection Inc. Files Definitive Proxy Statement

TL;DR

<b>PC Connection Inc. has filed its Definitive Proxy Statement for the period ending May 10, 2024.</b>

AI Summary

PC CONNECTION INC (CNXN) filed a Proxy Statement (DEF 14A) with the SEC on March 29, 2024. PC Connection Inc. filed a Definitive Proxy Statement (DEF 14A) on March 29, 2024. The filing covers the period ending May 10, 2024. The company's fiscal year ends on December 31. PC Connection Inc. is incorporated in Delaware. The company's principal executive offices are located at 730 Milford Rd, Merrimack, NH.

Why It Matters

For investors and stakeholders tracking PC CONNECTION INC, this filing contains several important signals. This filing is a routine requirement for publicly traded companies to provide shareholders with information regarding upcoming meetings and voting matters. Shareholders will be informed about executive compensation, director elections, and other corporate governance issues.

Risk Assessment

Risk Level: low — PC CONNECTION INC shows low risk based on this filing. The filing is a standard DEF 14A, indicating routine corporate disclosures rather than significant new events or financial distress.

Analyst Insight

Review the proxy statement for details on executive compensation, director nominations, and any shareholder proposals to understand the company's governance and strategic direction.

Key Numbers

• 2024-03-29 — Filing Date (DEF 14A)
• 2024-05-10 — Period of Report (DEF 14A)
• 1231 — Fiscal Year End (Company Data)

Key Players & Entities

• PC CONNECTION INC (company) — Filer
• 2024-03-29 (date) — Filing Date
• 2024-05-10 (date) — Period of Report
• 0001050377 (company) — Central Index Key
• DE (jurisdiction) — State of Incorporation
• 1231 (date) — Fiscal Year End
• 730 MILFORD RD (address) — Business Address
• MERRIMACK (location) — Business Address City

FAQ

Industry Context

PC Connection Inc. operates in the retail catalog and mail-order houses industry (SIC 5961). This filing is a standard proxy statement for a publicly traded company.

Regulatory Implications

The filing is a DEF 14A, which is a type of registration statement filed with the SEC by companies to solicit shareholder proxies.

What Investors Should Do

1. Review the executive compensation details for named executive officers.
2. Examine the proposals to be voted on at the shareholder meeting.
3. Assess director nominations and qualifications.

Year-Over-Year Comparison

This is a DEF 14A filing, which is a routine disclosure and does not represent a change from previous filings of the same type.

Key Financial Figures

• $0.01 — 26,362,938 shares of our Common Stock, $0.01 par value per share, or the Common Stoc

Filing Documents

• cnxn-20240510xdef14a.htm (DEF 14A) — 752KB
• cnxn-20240510xdef14a_a013.jpg (GRAPHIC) — 44KB
• cnxn-20240510xdef14a_a014.jpg (GRAPHIC) — 45KB
• cnxn-20240510xdef14a_a015.jpg (GRAPHIC) — 43KB
• cnxn-20240510xdef14a_bg001.jpg (GRAPHIC) — 146KB
• cnxn-20240510xdef14a_bg002.jpg (GRAPHIC) — 126KB
• 0001558370-24-004350.txt (&nbsp;) — 2597KB
• cnxn-20240510.xsd (EX-101.SCH) — 6KB
• cnxn-20240510_def.xml (EX-101.DEF) — 8KB
• cnxn-20240510_lab.xml (EX-101.LAB) — 14KB
• cnxn-20240510_pre.xml (EX-101.PRE) — 7KB
• cnxn-20240510xdef14a_htm.xml (XML) — 289KB

SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT

SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT Stock Ownership of Officers and Directors Unless otherwise provided below, the following table sets forth, as of March 18, 2024, the beneficial ownership of our Common Stock by: (i) each of our current and nominated directors; (ii) each of our named executive officers in the Summary Compensation Table under the heading "Executive Compensation" below; and (iii) all our current directors and executive officers as a group. Unless otherwise indicated, each person has sole investment and voting power, or shares such power with his or her spouse, with respect to the shares set forth in the following table. The inclusion in this table of any shares deemed beneficially owned does not constitute an admission of beneficial ownership of those shares. Except as otherwise set forth below, the street address of each beneficial owner is c/o PC Connection, Inc., 730 Milford Road, Merrimack, New Hampshire 03054. Shares of Percentage of Common Stock Common Beneficially Stock Name Owned (1) Outstanding (2) Patricia Gallup 14,397,090 (3) 54.6 % Timothy McGrath 296,748 (4) 1.1 % David Beffa-Negrini 76,250 * Jack Ferguson 74,680 * Thomas Baker 29,383 * Barbara Duckett 14,877 * Gary Kinyon 2,500 * Jay Bothwick 1,250 * All current directors and executive officers as a group (8 individuals) 14,892,778 56.5 % * Less than 1% of the total number of our outstanding shares of Common Stock on March 18, 2024. (1) The number of shares beneficially owned by each director or executive officer is determined under rules promulgated by the Securities and Exchange Commission, or the "SEC", and the information is not necessarily indicative of beneficial ownership for any other purpose. Under such rules, beneficial ownership includes any shares as to which the individual has the sole or shared voting power or investment power, and also any shares which the individual h

: Gender Identity

Part I: Gender Identity Directors 2 4

: Demographic Background

Part II: Demographic Background White 2 4 INFORMATION CONCERNING DIRECTORS, NOMINEES, AND EXECUTIVE OFFICERS Board Meetings and Attendance Our Board of Directors met six times during the year ended December 31, 2023, either in person or by teleconference. During 2023, each director attended at least 75% of the aggregate number of Board meetings and the number of meetings held by all committees on which he or she served. Our Board of Directors does not currently have a policy with regard to the attendance of Board members at our annual meeting of stockholders, though all of our current directors virtually attended our 2023 Annual Meeting. Board Committees Our Board of Directors has established three standing committees–Audit, Compensation, and Corporate Development. The Audit and Compensation Committees each operate under written charters that have been approved by our Board of Directors. Each charter can be viewed on our website at http://ir.connection.com . We include our website address in this Proxy Statement only as an inactive textual reference and do not intend it to be an active link to our website. The information on our website and the information contained or linked therein or otherwise connected thereto is not a part of or incorporated by reference into this Proxy Statement, regardless of any reference to such website in this Proxy Statement. Our Board of Directors has determined that all of the members of our three standing committees are independent as defined under the rules of the Nasdaq Stock Market including, in the case of all members of the Audit Committee, the independence requirements set forth in Rule 10A-3 under the Securities Exchange Act of 1934, as amended, or the Exchange Act, and, in the case of all members of the Compensation Committee, the independence requirements set forth in Rule 10C-1 under the Exchange Act. Our Board of Directors has also determined that each member of the Compensation Committee qualifies as a non-em

View Full Filing

View this DEF 14A filing on SEC EDGAR