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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
April 24, 1998
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(Date of earliest event reported)
Miami Computer Supply Corporation
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(Exact name of registrant as specified in its charter)
Ohio 000-21561 31-1001529
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(State or other jurisdiction (Commission File Number) (IRS Employer
of incorporation) Identification No.)
4750 Hempstead Station Drive, Dayton, Ohio 45429
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(Address of principal executive offices) (Zip Code)
(937) 291-8282
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(Registrant's telephone number, including area code)
Not Applicable
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(Former name, former address and former fiscal year, if changed since
last report)
Page 1 of 4 Pages
Exhibit Index appears on Page 2
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ITEM 5. OTHER EVENTS
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On March 26, 1998, Miami Computer Supply Corporation (the "Company")
issued a press release (the "Press Release") announcing that the Company,
through its Board of Directors, declared a 3-for-2 split ("Stock Split") of
the Company's common stock, no par value ("Common Stock"). As a result of
the Stock Split, each shareholder of record at the close of business on
April 10, 1998 will receive one (1) additional share of Common Stock for
each two (2) shares of Common Stock held on that date. The shares of Common
Stock issuable pursuant to the Stock Split were distributed on April 24,
1998, and, as a result, the Common Stock issued and outstanding increased by
2,707,973 shares to an aggregate amount of 8,123,964 shares.
The Press Release is attached as an exhibit to this Report and is
incorporated herein by reference.
Exhibits:
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Exhibit Number Description
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20 Press Release issued by the Company on
March 26, 1998 with respect to the 3-for-2
stock split.
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SIGNATURES
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 thereunto duly authorized.
MIAMI COMPUTER SUPPLY CORPORATION
Date: April 28, 1998 By: /s/ Michael E. Peppel
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Michael E. Peppel
Chief Executive Officer and President
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EXHIBIT 20
MIAMI COMPUTER SUPPLY CORPORATION
ANNOUNCES 3-FOR-2 STOCK SPLIT
DAYTON, OH - March 26, 1998 -- Miami Computer Supply Corporation
(NASDAQ:MCSC), a leading supplier of computer supplies and projection
presentation products, announced today that its Board of Directors has
declared a 3-for-2 split of its common shares.
President and Chief Executive Officer Michael Peppel, made the
announcement saying, "These actions reflect our confidence in the future
growth and performance of the Company. As a result of internally-generated
growth and our strategic acquisition program we enjoyed a great 1997. With
our strong capital base we are well-positioned to capitalize on future
opportunities for expansion, which we believe will enhance shareholder value."
As a result of the stock split, each shareholder of record at the close
of business on April 10, 1998 will receive 1 additional share of Common stock
for each 2 shares of Common Stock held on that date. The new shares will be
distributed on or about April 24, 1998.
Miami Computer Supply Corporation is an end-user distributor of computer
and office automation supplies and accessories, including a line of computer
projection presentation products, and video conferencing throughout the United
States and in certain foreign countries. Miami Computer Supply Corporation
distributes over 1,800 different core products primarily to middle market and
smaller companies and to governmental, educational, and institutional
customers, including federal, state and local governmental agencies,
universities and hospitals and, to a lesser extent, to computer supply
dealers. The Company sells primarily nationally known, name-brand products
manufactured by approximately 500 original equipment manufacturers, including
Hewlett-Packard, Lexmark, Imation (formerly a part of 3M), Sony, Canon, Epson,
Maxell, Panasonic, NEC, and Ricoh for computer supplies, and Sharp, Epson,
Proxima and Lightware for projection presentation products. Additional
information regarding the Company can be obtained at http://www.mcsinet.com.
The matters discussed in this press release, and, in particular,
information regarding risks and uncertainties include, but are not limited to,
general economic conditions, industry trends, actions of competitors, the
Company's ability to manage its growth, factors relating to its
acquisition/merger strategy, actions of regulatory authorities, restrictions
imposed by its debt arrangements, dependence upon key personnel, dependence
upon key suppliers, customer demand, dependence on its computer systems and
other factors. A complete description of those factors, as well as other
factors which could affect the Company's business, is set forth in the
Company's Form 10-K for the year ended December 31, 1996, and its Form 10-Q
for the nine months ended September 30, 1997.
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