American Software Announces Tax Treatment of 2020 Distributions
January 20 2021 - 1:01PM
Business Wire
American Software, Inc. (NASDAQ: AMSWA) has determined that
certain 2020 distributions are considered to be return of capital
(non-dividend) distributions.
This tax treatment will affect shareholders’ tax basis in their
shares. To assist investors with tax reporting, Form 8937, Report
of Organizational Actions Affecting Basis of Securities has been
posted on the Investor section of the Company’s website under
“Investor Relations.”
Shareholders should consult their tax advisors to determine how
this change may affect their 2020 taxes.
About American Software, Inc.
Atlanta-based American Software, Inc. (NASDAQ: AMSWA),
through its operating entities delivers an innovative technical
platform with AI-powered capabilities for supply chain management
and advanced retail planning that is accelerating digital supply
chain optimization from product concept to customer availability.
Logility, Inc., is helping large enterprise companies transform
their supply chain operations to gain a competitive advantage.
Recognized for its high-touch approach to customer service, rapid
implementations and industry-leading return on investment (ROI),
Logility customers include Big Lots, Husqvarna Group, Parker
Hannifin, Sonoco Products and Red Wing Shoe Company. Demand
Management, Inc. delivers affordable, easy-to-use supply chain
planning solutions designed to increase forecast accuracy, improve
customer service and reduce inventory to maximize profits and lower
costs. Demand Management serves customers such as Siemens
Healthcare, AutomationDirect.com and Newfoundland Labrador Liquor
Corporation. New Generation Computing, Inc. powers the digital
supply chain to enable apparel brand owners and retailers to
maximize revenue and profit by accelerating lead times,
streamlining product development, and optimizing sourcing and
distribution. NGC customers include Brooks Brothers, Carter’s,
Destination XL, Fanatics, Foot Locker, Jockey International,
Lacoste and Spanx. The comprehensive American Software supply chain
and retail planning portfolio delivered in the cloud includes
advanced analytics, supply chain visibility, demand, inventory and
replenishment planning, Sales and Operations Planning (S&OP),
Integrated Business Planning (IBP), supply and inventory
optimization, manufacturing planning and scheduling, retail
merchandise and assortment planning and allocation, product
lifecycle management (PLM), sourcing management, vendor quality and
compliance, and product traceability. For more information about
American Software, please visit www.amsoftware.com, call (404)
364-7615 or email kliu@amsoftware.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20210120005624/en/
Vince C. Klinges Chief Financial Officer American Software, Inc
(404) 264-5477
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