2008-06-04 23:42:28 -
www.techdata.com - Tech Data Corporation, Clearwater Kristin Wiemer Bohnsack, Director, Investor Relations and Shareholder Services 727-532-8866 (kristin.wiemer@techdata.com) or Jeffery P. Howells, Executive Vice President and Chief Financial Officer 727-538-7825 (jeff.howells@techdata.com) Tech Data Corporation (NASDAQ:TECD), a leading distributor of IT products, announced today results of the company's 2008 Annual Meeting of Shareholders.
Shareholders approved the election of new director, Harry J. Harczak, Jr., former executive vice president of technology products and services provider CDW Corporation. Mr. Harczak, 51, was most recently responsible for business development, marketing, and product and partner management at CDW from 2006 to 2007. From 2002 to 2005, Mr. Harczak served as executive vice president of sales at CDW and from 1994 to 2002 he served as chief financial officer.
Other business matters included the election of three current directors, Robert M. Dutkowsky, Jeffery P. Howells and David M. Upton, and the ratification of the appointment of Ernst & Young, LLP as the company's independent registered public accounting firm. Both matters were approved by shareholders. In addition, a shareholder proposal seeking that the Board consider an advisory vote regarding executive compensation was approved by shareholders. Subsequent to the shareholder meeting the Board approved including in future proxies a shareholder advisory vote.
"We are very excited about the addition of Harry Harczak to our board of directors. Harry brings a vast knowledge of IT distribution and we will benefit greatly from his experience and financial acumen," said Robert M. Dutkowsky, Chief Executive Officer, Tech Data Corporation. "The approval of the advisory vote commonly referred to as "Say on Pay" will give shareholders an opportunity to provide communication to the Board in the future. We encourage continuous communications with our shareholders and support their interests in Tech Data. This topic continues to be an active discussion in a variety of forums, including Congress, and our Board remains committed to the continuous review of compensation practices as this area evolves."
About Tech Data
Tech Data Corporation (NASDAQ GS: TECD) is one of the world's largest distributors of technology products from leading IT hardware and software producers. Tech Data serves more than 100,000 IT solution providers in over 100 countries. Every day, these value-added resellers depend on Tech Data to cost-effectively support the technology needs of end users, including small and medium businesses (SMB), large enterprises and government agencies. Ranked 105th on the FORTUNE 500(R), Tech Data generated $23.4 billion in net sales for its fiscal year ended January 31, 2008. To learn more, visit www.techdata.com.
Harry J. Harczak, Jr. elected to Tech Data's Board of Directors
