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)
February 11, 2000
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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)
Registrant's telephone number, including area code: (937) 291-8282
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N/A
_____________________________________________________________________________
(Former name or former address, if changed since last report)
Form 8-K
February 14, 2000
Page 2
ITEM 6. RESIGNATIONS OF REGISTRANT'S DIRECTORS.
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On February 14, 2000, Miami Computer Supply Corporation (the
"Company") announced that Michael E. Peppel, President and Chief
Executive Officer, succeeded Anthony Liberati as Chairman of the
Board of Directors, who resigned from the Board on February 11, 2000.
Mr. Liberati resigned for personal reasons. Mr. Liberati will remain
on the Board of Directors of the Company's Internet subsidiary,
Zengine, Inc. Richard L. Posen, a partner with the New York law
firm of Wilkie Farr & Gallagher, was elected to fill the seat
vacated by Mr. Liberati.
The Registrant issued a press release relating to this matter on
February 14, 2000. See Exhibit 99.
ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS.
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(a) Financial Statements
No financial statements are required.
(b) Pro Forma Financial Information
No pro forma financial information is required.
(c) Exhibits
No. Description
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99 Press Release, dated February 14, 2000
Form 8-K
February 14, 2000
Page 3
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 hereunto duly authorized.
MIAMI COMPUTER SUPPLY CORPORATION
/s/ Ira H. Stanley
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By: Ira H. Stanley
Chief Financial Officer
Date: February 14, 2000
Exhibit 99
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For Immediate Release
For more information, contact:
Ira H. Stanley, Vice President, CFO Joseph N. Jaffoni or Kristin Engel
Miami Computer Supply Corporation Jaffoni & Collins Incorporated
937/291-8051 212/835-8500
[email protected] [email protected]
MICHAEL PEPPEL ELECTED TO SUCCEED ANTHONY LIBERATI AS
CHAIRMAN OF THE BOARD FOR MIAMI COMPUTER SUPPLY CORP.
DAYTON, OHIO February 14, 2000 Miami Computer Supply Corporation (NASDAQ:
MCSC), announced today that Michael E. Peppel, President and Chief Executive
Officer, has succeeded Anthony Liberati as Chairman of the Board for the
Company. Mr. Liberati will remain on the Board of Directors for Zengine,
Inc., the Internet subsidiary of Miami Computer Supply Corporation.
The Company also announced that Richard L. Posen, 49, a partner with Wilkie
Farr & Gallagher since 1984 has joined the MCSC Board of Directors, thereby
maintaining the size of the Board at five members. Founded in 1888, Wilkie
Farr & Gallagher is considered one of the oldest and most respected law firms
in the country.
"In serving as the Chairman of the Board for the Company since 1996, Anthony
Liberati was instrumental in taking the Company public in November 1996 and
providing insight and guidance for the Company at the Board level. His vision
and experience will be equally important to the growth of Zengine," said
Michael Peppel, Chairman, President and CEO.
Mr. Peppel added, "Rick brings a vast knowledge of the public markets to our
board and we look forward to the benefit of his counsel and experience."
Miami Computer Supply Corporation is a reseller of computer products and
accessories and a reseller and integrator of audio-visual products and systems
throughout the United States, Canada and in certain foreign countries. Miami
Computer Supply Corporation resells over 1,800 core products primarily to
corporations, governmental, educational, and institutional customers,
including federal, state and local governmental agencies, universities and
hospitals and, to a lesser extent, to computer supply dealers. MCSC primarily
sells nationally known, name-brand products manufactured by approximately 500
original equipment manufacturers, including Sharp, Epson, Infocus, Sony and
Proxima for audio-visual products and Hewlett-Packard, Lexmark, Imation and
Canon for computer supplies. Additional information regarding MCSC can be
obtained at http://www.mcsinet.com (but is not part of this release).
Zengine provides a comprehensive suite of technology-based solutions that
enable businesses to quickly and cost-effectively create, maintain and enhance
the effectiveness of e-commerce platforms on an outsourced and private-label
basis. Our integrated services for both business-to-consumer and business-to-
business e-commerce include Web site storefront design, product content and
merchandising, personalization and customer relationship management,
transaction processing, order management, custom fulfillment and end-user
customer service. These solutions allow our clients to build, manage and
understand online customer relationships and to market, sell and support
products and services more effectively. We provide our services on an
outsourced basis that is brand transparent to the end-user, allowing our
clients to leverage our technology and infrastructure, the KORE Engine, for
their own branded e-commerce platform. For more information, visit
www.zengine.com, (which is not part of this release).
The matters discussed in this press release which are not historical facts
contain forward-looking information with respect to plans, projections or
future performance of MCSC, the occurrence of which involve risks and
uncertainties which include, but are not limited to, general economic
conditions, industry trends, functionality of hardware and software, actions
of competitors, MCSC'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, risks relating to international
operations, dependence on its computer systems and other factors. A complete
description of those factors, as well as other factors which could affect
MCSC's business, is set forth in MCSC's Form 10-K for the year ended December
31, 1998, and its Form 10-Q, as amended, for the nine months ended September
30, 1999.
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