|
Quotes & Info
|
| PCCC > SEC Filings for PCCC > Form 8-K on 17-Dec-2012 | All Recent SEC Filings |
17-Dec-2012
Change in Directors or Principal Officers, Financial Statements and Exhibits
On December 14, 2012, the Board of Directors (the "Board") of PC Connection, Inc. (the "Company") determined, upon
recommendation by the Audit Committee of the Board, that it was in the best interests of the Company to repurchase an aggregate of
600,000 shares of the Company's common stock from Patricia Gallup, the Chairman of the Board and Chief Administrative Officer
of the Company, and David Hall, a member of the Board (the "Repurchase").
In connection with the Repurchase, the Company entered into a Stock Purchase Agreement, pursuant to which the
Company will buy 300,000 shares back from each of Ms. Gallup and Mr. Hall at a price per share of $10.578, which is based on the
volume weighted-average share price of the Company's stock for the fifteen trading days ended December 13, 2012.
The Repurchase will close on December 17, 2012.
The foregoing description is qualified in its entirety by reference to the Stock Purchase Agreement, a copy of which is attached hereto as Exhibit 99.1 and is incorporated herein by reference.
(d) Exhibits
99.1 Stock Purchase Agreement, dated December 14, 2012, by and among PC Connection, Inc., Patricia Gallup and David Hall
|
|