Welcome to our dedicated page for Pc Connection SEC filings (Ticker: CNXN), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
PC Connection Inc. filings document the reporting obligations of a Delaware information technology solutions provider listed on Nasdaq under the symbol CNXN. Form 8-K reports furnish operating results, financial-condition updates, Regulation FD disclosures, quarterly cash dividend announcements and capital-return actions, including share repurchase authorizations.
The company’s proxy materials cover board governance, executive compensation, equity-award disclosures, shareholder voting matters and related annual-meeting records. Together, the filings describe Connection’s public-company governance, capital structure, common-stock matters and recurring financial disclosures tied to its IT products, services and customer-market segments.
PC Connection, Inc. reported the results of its 2026 Annual Meeting of Stockholders held on May 13, 2026, where a quorum was present. Stockholders elected six directors to serve until the 2027 Annual Meeting, with support levels generally above 19.7 million votes for each nominee.
Patricia Gallup received 19,709,432 votes for and 3,514,023 withheld, while the other five directors each received over 20 million votes for, with relatively low withhold votes and 477,236 broker non-votes for each nominee. Stockholders also ratified the selection of Deloitte & Touche LLP as independent registered public accounting firm for the year ending December 31, 2026, with 23,559,144 votes for, 133,268 against, and 8,279 abstentions.
PC Connection, Inc. reported higher results for the quarter ended March 31, 2026. Net sales were $721.9 million, up 3.0% from $701.0 million a year earlier, with growth in notebooks/mobility, other hardware/services, displays and sound, software, net/com products, and accessories partially offset by lower servers/storage and desktop sales.
Gross profit rose to $132.7 million from $127.3 million, lifting gross margin to 18.4% from 18.2%. Income from operations increased to $20.2 million versus $14.5 million, helped by stable SG&A of $109.5 million, which declined to 15.2% of sales from 15.7%. Net income grew to $17.2 million from $13.5 million, and diluted EPS reached $0.68 versus $0.51.
Operating cash flow improved sharply to $14.3 million compared with a use of $52.4 million in the prior-year quarter, mainly due to working capital shifts in accounts payable and receivable. Cash and cash equivalents were $196.3 million and short-term investments $215.2 million. The company paid a quarterly dividend of $0.20 per share, repurchased approximately 42,000 shares for $2.5 million, and ended the quarter with stockholders’ equity of $921.7 million.
PC Connection, Inc. (Connection) reported solid first quarter 2026 growth. Net sales reached $721.9 million, up 3.0% year over year, while gross margin improved to 18.4%. Net income rose to $17.2 million, with diluted EPS of $0.68, up from $0.51.
Adjusted diluted EPS was $0.77, compared to $0.60 a year earlier, reflecting stronger underlying profitability despite $3.1 million in severance expenses tied to cost reduction initiatives. The Board declared a quarterly dividend of $0.20 per share, payable May 29, 2026, to shareholders of record on May 12, 2026.
PC Connection, Inc. President & CEO Timothy J. McGrath exercised restricted stock units that converted into 10,000 shares of common stock on a one-for-one basis. These units were part of an award granted in February 2018 that vested in tranches through April 2027.
Of the newly acquired shares, 3,935 shares were withheld at $59.98 per share to cover tax obligations, a non-market transaction classified as a tax-withholding disposition. After these actions, McGrath directly holds 290,343 shares of PC Connection common stock, reflecting a routine compensation-related vesting and exercise event rather than an open-market trade.
PC Connection, Inc. is asking stockholders to vote at its 2026 annual meeting on May 13, 2026 on three items: electing six directors, ratifying Deloitte & Touche LLP as auditor for 2026, and any other proper business.
The company is a Nasdaq “controlled company” because Chair and Chief Administrative Officer Patricia Gallup beneficially owns about 54.6% of the common stock, giving her effective voting control. As of March 16, 2026, 25,216,161 shares were outstanding, with one vote per share.
The board reports strong committee independence despite controlled status and outlines director retainers and RSU grants. For 2025, CEO Timothy McGrath’s total compensation was $7,502,050, including stock awards and cash incentives tied mainly to adjusted net income and SG&A leverage, producing a CEO pay ratio of roughly 97:1 versus the median employee. Executives earned 2025 cash performance awards based on adjusted net income of $88.1 million and SG&A expenses equal to 10.54% of billings, which led to payouts below maximum levels.
PC Connection, Inc. director Jay E. Bothwick reported a routine equity compensation event. On March 14, 2026, 625 restricted stock units vested and were exercised into 625 shares of common stock at a stated price of $0.00 per share. Following the transaction, he directly holds 5,625 shares of common stock and 1,250 restricted stock units. The RSUs were originally granted on March 14, 2024 under the PC Connection, Inc. 2020 Stock Incentive Plan, with an additional 625 units scheduled to vest annually on March 14, 2027 and March 14, 2028.
PC Connection, Inc. director Gary Kinyon increased his equity stake through routine compensation. On March 14, 2026, he exercised 625 restricted stock units, receiving 625 shares of common stock at no cash exercise price. Following this vesting, he directly holds 6,875 common shares and 1,250 restricted stock units. The remaining units from the 2024 grant are scheduled to vest in 625-share installments on March 14, 2027 and March 14, 2028, reflecting a standard multi-year equity award structure.
PC Connection, Inc. director Jack L. Ferguson acquired 625 shares of common stock on March 14, 2026 through the vesting and exercise of restricted stock units granted in 2024. These shares were received at no cash exercise price as part of equity compensation.
The restricted stock units were granted under the PC Connection, Inc. 2020 Stock Incentive Plan on March 14, 2024. After this vesting event, Ferguson directly owns 68,055 common shares and still holds 1,250 restricted stock units scheduled to vest in 625-share installments on March 14, 2027 and March 14, 2028.
PC Connection, Inc. director Barbara Duckett reported the vesting and exercise of restricted stock units into common shares as part of her equity compensation. On March 14, 2026, 625 restricted stock units converted into 625 shares of common stock at a price of $0.00 per share, reflecting a routine derivative exercise rather than an open-market purchase.
Following the transaction, Duckett directly owned 18,252 shares of PC Connection common stock and 1,250 restricted stock units. According to the grant terms, 625 additional restricted stock units are scheduled to vest on March 14, 2027, and 625 more on March 14, 2028.