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): April 5, 2011
WAYSIDE TECHNOLOGY GROUP, INC.
(Exact name of registrant as specified in its charter)
Delaware |
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000-26408 |
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13-3136104 |
(State or other jurisdiction of incorporation) |
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(Commission File Number) |
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(IRS Employer Identification No.) |
1157 Shrewsbury Avenue, Shrewsbury, New Jersey |
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07702 |
(Address of principal executive offices) |
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(Zip Code) |
732-389-8950
(Registrants telephone number, including area code)
Not applicable
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2 below):
o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
Effective as of April 5, 2011, Wayside Technology Group, Inc., a Delaware corporation (the Company), appointed Michael Faith to serve as a director of the Companys Board of Directors. On April 5, 2011, the Company increased the size of its Board of Directors from six directors to seven directors and appointed Mr. Faith to fill the newly created vacant position on the Board of Directors.
Michael Faith is the founder and Chief Executive Officer of Headsets.com in San Francisco, California since 1997. Mr. Faith sits on the advisory board of Retail Online Integration magazine and is the current Membership Chair of the Northern California chapter of the Young Presidents Organization, as well as the 2011 Chair of The Business Direct Group.
There is no family relationship between Mr. Faith and any other executive officer or director of the Company, or person nominated or chosen by the Company to become an executive officer or director. A copy of the press release announcing the election of Mike Faith to the Companys Board of Directors is furnished as Exhibit 99.1 to this report.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits.
99.1 Press Release dated April 6, 2011.
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.
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WAYSIDE TECHNOLOGY GROUP, INC. | |
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Date: April 8, 2011 |
By: |
/s/ Simon F. Nynens |
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Name: |
Simon F. Nynens |
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Title: |
Chief Executive Officer |
Exhibit 99.1
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Company Contact: |
Headsets.com CEO Mike Faith Joins Wayside Technology Group Board of Directors
Shrewsbury, NJApril 6, 2011Wayside Technology Group (NASDAQ: WSTG) today announced that Mike Faith, chief executive officer and president of Headsets.com, Inc., has been elected to Waysides board of directors.
Mike Faith is a business builder and a leader in service excellence and marketing innovation, said Simon F. Nynens, Chairman and Chief Executive Officer. We think Mikes insights and experience will be extremely valuable to Wayside as we continue to build our company.
As the founder and CEO of Headsets.com, Inc., Mike Faiths entrepreneurial flair, passion for customer service and talents for direct marketing have taken Headsets.com from zero to $30MM sales, with a strategy that has allowed Headsets.com to fund growth through sales and remain profitable during the dotcom crash and the recent recession. Under his leadership, Headsets.com has been recognized four times as an Inc 500 company, and was the winner of a Stevie award for Best Customer Service Team in the 2006 American Business Awards. Mike was also recognized with a Best Bosses Award from Winning Workplaces.
Mike is a frequent speaker at direct marketing and business conferences, and sits on the Advisory board of Retail Online Integration magazine. Mike is the current Membership Chair of the Northern California chapter of the Young Presidents Organization and is also the 2011 Chair of The Business Direct Group, an invitation-only group of C-level executives of business-to-business direct marketing companies. Mike hosts and funds charitable dinners organized by ReserveDinners.com, providing people the chance to connect with high profile contacts and benefit their charitable cause at the same time.
About Wayside Technology Group, Inc.
Wayside Technology Group, Inc. (NASDAQ: WSTG) was founded in 1982 and is a unified and integrated technology company providing products and solutions for corporate resellers, VARs, and developers, as well as business, government and educational entities. The company offers technology products from software publishers and manufacturers such as Acronis, CA Technologies, DataCore, Dell, Flexera Software (publishers of InstallShield), GFI Software, Hewlett Packard, Infragistics, Intel Software, Microsoft, Quest Software, SolarWinds, StorageCraft Technology, TechSmith, Veeam, and VMware. Additional information can be found by visiting www.waysidetechnology.com.
The statements in this release concerning the Companys future prospects are forward-looking statements that involve certain risks and uncertainties. Such risks and uncertainties could cause actual results to differ materially from those indicated by such forward-looking statements, and include, without limitation, the continued acceptance of the Companys distribution channel by vendors and customers, the timely availability and acceptance of new products, product mix, market conditions, contribution of key vendor relationships and support programs, as well as factors that affect the software industry in general and other factors. The forward-looking statements contained herein are also subject generally to other risks and uncertainties that are described from time to time in our filings with the Securities and Exchange Commission. Except as otherwise required by law, the Company undertakes no obligation to update or revise these forward-looking statements.
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