| Item 8.01. | Other Events |
ScanSource, Inc. (the Company) announced today that it received written notice from the United States Securities and Exchange Commission (SEC) that the investigation concerning the Companys historical stock option grant practices had been completed and that no enforcement action was recommended.
As previously announced, the Company received an informal request from the SEC for information on its historical stock option grant practices. A special committee consisting of independent members of the Companys Board of Directors conducted a review of these practices. On January 19, 2007, the Company announced the completion of this independent review, which did not conclude that current senior management, the former CEO, or the members of the Compensation Committee engaged in intentional misconduct in the administration and oversight of the Companys stock option program. The Company presented the results of this independent review to the SEC.
| Item 9.01. | Financial Statements and Exhibits |
| (d) | Exhibits |
| 99.1 | Press Release issued by ScanSource, Inc. on January 24, 2008. |
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.
| ScanSource, Inc. | ||||||
| Date: January 24, 2008 | By: | /s/ Michael L. Baur | ||||
| Name: | Michael L. Baur | |||||
| Its: | Chief Executive Officer | |||||
Exhibit Index
| Exhibit No. | Description | |
| EX-99.1 | Press Release of Registrant dated January 24, 2008 |