28.05.2008 20:15:00
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ScanSource, Inc. Board of Directors Extends Executive Employment Agreements
ScanSource, Inc., (NASDAQ: SCSC), a leading international value-added
distributor of specialty technology products, announced today that Mike
Baur, its Chief Executive Officer, has signed an extended employment
agreement with ScanSource effective June 30, 2008 through June 30, 2011.
Mr. Baur will also continue to serve on the company’s
Board of Directors.
ScanSource entered into amended and restated employment agreements with
both its CEO, Mike Baur, and its Vice President and Chief Financial
Officer, Rich Cleys, for additional three year terms.
Said James Foody, Chairman, ScanSource Board of Directors, "On
behalf of the entire ScanSource Board, our employees, shareholders,
customers and vendors, I am pleased that Mike Baur will continue to lead
our company into the future. Mike and his management team have delivered
superior results, including its recent Fortune peer ranking of number
one in total investor return over the ten year period 1997 to 2007 and
number two in EPS growth over the same period. The Company has a wealth
of future opportunities, including growing its existing businesses,
potential acquisitions, expanding abroad, and entering new technologies.
Based upon Mike Baur’s exceptional performance
in the role of Chief Executive Officer and the team he has developed, I
can’t imagine a better person to help build
ScanSource’s operational excellence and
further its competitive lead within the industry for many years to come.” About ScanSource, Inc.
ScanSource, Inc. {NASDAQ:SCSC} is a leading international distributor of
specialty technology products. The Company markets specialty
technologies through four sales units: ScanSource POS and Barcoding [automatic
identification and data capture (AIDC) and point-of-sale (POS) products]; Catalyst
Telecom (Avaya communications products); ScanSource Communications
(video conferencing, telephony and communications products); and
ScanSource Security (electronic security products).
ScanSource, Inc. serves the North America, Latin America and Europe
markets. Founded in 1992, the company ranks #901 on the Fortune 1000.
For more information, call the toll-free sales telephone number at
800.944.2432 or visit www.scansourceinc.com.
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ScanSource Inc. | 47,40 | -0,84% |
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NASDAQ Comp. | 19 060,48 | -0,60% | |
S&P 600 SmallCap | 935,46 | -0,94% |