SYNNEX CORPORATION (NYSE:SNX) Files An 8-K Results of Operations and Financial Condition
Item 2.02
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Results of Operations and Financial Condition.
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shall not be deemed filed for purposes of Section 18 of the
Securities Exchange Act of 1934 (the Exchange Act), or otherwise
subject to the liabilities of that Section. The information in
this Current Report shall not be incorporated by reference in any
filing under the Securities Act of 1933 or the Exchange Act,
except as shall be expressly set forth by specific reference in
such a filing.
release regarding SYNNEX financial results for its fiscal
second>quarter ended May 31, 2017. The full text of SYNNEX
press release is furnished herewith as Exhibit 99.1.
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Item 8.01
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Other Events.
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approved a stock repurchase program of up to $300 million of its
common stock over a period of up to three years effective July 1,
2017. Any stock repurchases may be made through open market and
privately negotiated transactions, at such times and in such
amounts as management deems appropriate, including to one or more
Rule 10b5-1 trading plans adopted in accordance with Rule 10b5-1
of the Securities Exchange Act of 1934.
meaning of Section 27A of the Securities Act of 1933 and Section
21E of the Securities Exchange Act of 1934, including statements
regarding the anticipated amount, duration, methods, timing and
other aspects of our stock repurchase program. These statements
involve risks and uncertainties, including, but not limited to,
that SYNNEX may not successfully repurchase stock under its stock
repurchase program. For a detailed discussion of other risks and
uncertainties see SYNNEX Form 10-K for the fiscal year ended
November 30, 2016 and subsequent SEC filings. Statements included
in this report are based upon information known to SYNNEX as of
the date of this report, and SYNNEX assumes no obligation to
update information contained in this report.
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Item 9.01
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Financial Statements and Exhibits.
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Exhibit No.
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Description
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99.1
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Press Release dated June 22, 2017
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SYNNEX CORP ExhibitEX-99.1 2 q22017exh991.htm PRESS RELEASE DATED JUNE 22,…To view the full exhibit click here About SYNNEX CORPORATION (NYSE:SNX)
SYNNEX Corporation is a process services company. The Company offers a range of services to resellers, retailers, original equipment manufacturers (OEMs), financial and insurance institutions, and other industry verticals across the world. The Company operates in two segments: Technology Solutions and Concentrix. Its Technology Solutions segment distributes a range of information technology (IT) systems and products, and also provides systems design and integration solutions. Its Concentrix segment offers a portfolio of solutions and end-to-end business outsourcing services, which focuses on customer engagement strategy, process optimization, technology innovation, front and back-office automation and business transformation to clients in approximately 10 industry verticals. Its technology solutions segment also provides systems design and integration solutions. Its Technology solutions segment provides IT solutions in various vertical markets, such as government and healthcare.
