Climb Global Solutions, Inc. filings document the regulatory record of a Delaware public company operating in value-added IT distribution and solutions. Form 8-K reports cover results of operations and financial condition, material definitive agreements, acquisition activity, amendments to charter documents, and other corporate events involving common stock and authorized share capital.
Proxy materials for CLMB describe annual meeting matters, director elections, board structure, executive compensation and stockholder voting procedures. The filings also record governance changes such as board-size adjustments, capital-structure actions including the four-for-one forward stock split, and disclosure exhibits tied to press releases and the purchase of Interworks Single Member SA.
Climb Global Solutions, Inc. Chief Executive Officer Dale Richard Foster reported a Form 4 transaction where 883 shares of common stock were disposed of at $18.76 per share. According to the filing, these shares were withheld at the vesting of restricted stock to meet the reporting person's tax obligations, leaving him with 343,467 directly held shares.
Climb Global Solutions, Inc. Chief Alliance Officer Charles Edward Bass reported a tax-related share disposition tied to vesting of restricted stock. On May 5, 2026, 645 shares of common stock were withheld at a price of $18.76 per share to satisfy tax obligations at vesting. After this withholding, Bass directly holds 127,720 shares of Climb Global Solutions common stock.
Climb Global Solutions, Inc. Chief Financial Officer Matthew M. Sullivan reported a small tax-related share disposition. On the vesting of restricted stock, 558 shares of common stock were withheld at $18.76 per share to satisfy his tax obligations, a non–open-market event. Following this withholding, he directly holds 88,464 shares of common stock.
Climb Global Solutions, Inc. Chief Operating Officer Timothy Popovich reported a routine tax-related share disposition. On the vesting of restricted stock, 725 shares of common stock were withheld at a value of $18.76 per share to cover his tax obligations. This was not an open-market sale but an automatic tax-withholding mechanism. After this transaction, he directly holds 58,113 shares of Climb Global Solutions common stock.
Climb Global Solutions, Inc. director John R. McCarthy made an open-market purchase of company stock. He bought 4,000 shares of Common Stock at a price of $18.83 per share. After this transaction, he directly owns 85,876 shares of Climb Global Solutions common stock.
Climb Global Solutions reported higher sales but lower profit for the quarter ended March 31, 2026. Net sales rose 32% to $182.4 million, driven mainly by organic growth in the Distribution segment and a larger mix of hardware and software recognized on a gross basis. Gross profit increased 13% to $26.5 million, but the gross margin narrowed as customer rebates and discounts rose. Operating costs also climbed, with selling, general and administrative expenses up 21% to $20.3 million and depreciation and amortization up to $2.0 million, reducing income from operations. Net income declined 10% to $3.3 million, or $0.18 per diluted share, compared to $0.20 a year earlier. Cash and cash equivalents increased to $41.8 million, aided by strong operating cash flow of $16.8 million and no borrowings outstanding under the revolving credit facility. During the quarter the company completed the $13 million acquisition of Interworks, a cloud distributor in Southeastern Europe, adding $0.6 million of net sales and modest net income. The board also suspended quarterly cash dividends beginning in 2026 to prioritize financial flexibility and other capital allocation objectives.
Climb Global Solutions reported strong top-line growth for the first quarter of 2026. Net sales rose 32% to $182.4 million, helped by double-digit organic growth and contributions from the Interworks acquisition. Gross billings increased 14% to $542.8 million, while gross profit grew 13% to $26.5 million.
Profitability was more modest as Climb invested for growth. Net income was $3.3 million, or $0.18 per diluted share, compared with $3.7 million, or $0.20, a year earlier. Adjusted EBITDA increased 4% to $7.9 million, with effective margin at 29.9% versus 32.7%.
The company highlighted early benefits from the Interworks acquisition in Europe and continued selective vendor additions. Climb reiterated its decision to suspend quarterly dividends starting in 2026 to prioritize organic investments and M&A. The balance sheet remained conservative, with $41.8 million in cash, no debt and an undrawn $50 million revolver as of March 31, 2026.
Climb Global Solutions is asking stockholders to vote at its virtual 2026 annual meeting on June 2, 2026. Investors will elect four directors, cast an advisory vote on executive pay, approve an amended and restated 2021 Omnibus Incentive Plan, and ratify Deloitte as auditor for 2026.
The company highlights strong 2025 performance: net sales rose 40% to $652.5 million, gross profit increased 16% to $105.3 million, and net income grew 15% to $21.3 million, with diluted EPS up 14% to $4.64. Governance features include a majority‑independent board, fully independent committees, annual director elections, annual Say‑on‑Pay, stock ownership guidelines, an SEC‑ and Nasdaq‑compliant clawback policy, and prohibitions on hedging, pledging and short‑selling.
As of April 6, 2026, there were 18,468,068 shares of common stock outstanding and entitled to vote. The board recommends voting “FOR” all four proposals.
Climb Global Solutions, Inc. reported that director Gerri Gold has chosen to retire from the Board and will not stand for re-election at the 2026 annual meeting of stockholders. She will continue to serve as a director until her term ends at that meeting.
The company stated that Ms. Gold’s decision was not due to any dispute or disagreement regarding operations, policies, or practices. Following her retirement, the Board has decided to reduce its size from five to four directors effective at the start of the 2026 annual meeting.