EPlus Inc. Files 8-K: Operations, Financials, and Exhibits

TL;DR

EPLUS filed an 8-K on 5/22 detailing financials and operations.

AI Summary

On May 22, 2024, EPlus Inc. filed an 8-K report detailing significant events. The filing includes information on the company's results of operations and financial condition, as well as other events and financial statements. EPlus Inc. is incorporated in Delaware and headquartered in Herndon, Virginia.

Why It Matters

This 8-K filing provides investors and stakeholders with crucial updates on EPlus Inc.'s financial performance and operational status, enabling informed decision-making.

Risk Assessment

Risk Level: low — This filing is a routine 8-K report and does not indicate any unusual or high-risk events.

Key Numbers

• 001-34167 — SEC File Number (Identifies the company's filing with the SEC)
• 54-1817218 — IRS Employer Identification No. (Company's tax identification number)

Key Players & Entities

• EPlus Inc. (company) — Registrant
• May 22, 2024 (date) — Date of earliest event reported
• Delaware (jurisdiction) — State of incorporation
• Herndon, Virginia (location) — Principal executive offices
• MLC HOLDINGS INC (company) — Former company name

FAQ

Filing Documents

• form8-k.htm (8-K) — 33KB
• ex99-1.htm (EX-99.1) — 352KB
• 0001022408-24-000028.txt ( ) — 517KB
• plus-20240522.xsd (EX-101.SCH) — 4KB
• plus-20240522_lab.xml (EX-101.LAB) — 21KB
• plus-20240522_pre.xml (EX-101.PRE) — 16KB
• form8-k_htm.xml (XML) — 4KB

02 Results of Operations and Financial Condition

Item 2.02 Results of Operations and Financial Condition On May 22, 2024, ePlus inc. announced by press release its results of operations for its fiscal year end and fourth quarter ended March 31, 2024. A copy of the press release is attached hereto as Exhibit 99.1 and is incorporated herein by reference. In accordance with General Instruction B.2 of Form 8-K, the information in Item 2.02 of this Current Report on Form 8-K and Exhibit 99.1 shall not be deemed to be "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, (the "Exchange Act"), or otherwise subject to the liabilities of that section, and shall not be incorporated by reference into any registration statement or other document filed under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such filing.

01 Other Events

Item 8.01 Other Events Also on May 22, 2024, the Company announced via the same press release that its Board of Directors approved a share repurchase plan. Under the plan the Company may repurchase up to 1,250,000 shares of ePlus' outstanding common stock beginning on May 28, 2024, through May 27, 2025. The Company's prior repurchase plan expires on May 27, 2024. The Company is authorized to repurchase its common stock through open market purchases, including under a trading plan adopted pursuant to Rule 10b5-1 of the Securities Exchange Act of 1934 (the "Exchange Act"), or private transactions, in accordance with applicable federal securities laws, including Rule 10b-18 of the Exchange Act. The timing of repurchases and the exact number of shares to be purchased will be determined by the Company's management, in its discretion, or pursuant to a Rule 10b5-1 trading plan, and will depend upon market conditions and other factors.

01 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits (d) The following exhibits are filed as part of this report: Exhibit No. Description 99.1 Press release dated May 22, 2024, issued by ePlus inc. 104 Cover Page Interactive Date File (embedded within the Inline XBRL document) 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. ePlus inc. By: /s/ Elaine D. Marion Elaine D. Marion Chief Financial Officer Date: May 22, 2024

View Full Filing

View this 8-K filing on SEC EDGAR