Wayside Technology Group, Inc. (NASDAQ: WSTG), a value-added
information technology (IT) channel company providing innovative
sales and distribution solutions for emerging technology vendors,
has nominated and elected Gerri Gold to its Board of Directors (the
"Board") at the Company's 2021 Annual Meeting of Stockholders.
Gerri Gold has nearly three decades of executive experience in
the IT and equipment financing business. She is currently the
senior vice president and Chief Operating Officer of HPE Financial
Services, the IT asset management and financing division of Hewlett
Packard Enterprise (NYSE: HPE), with $13 billion in assets under
management operating in over 50 countries worldwide. At HPE
Financial Services, Gold is responsible for the transformation of
the business with a focus on continuous innovation at a service,
market, and operational level, while delivering profitable
growth.
"Gerri brings a wealth of industry experience and know-how to
our Board. Her knowledge of the European marketplace as well as her
strategic planning acumen will be particularly valuable. We look
forward to her input during our ongoing strategic evaluation and
annul planning processes," said Jeff Geygan, Wayside's Chairman of
the Board. "I believe Gerri fills an important role on our Board,
offering a unique and diverse perspective as the company continues
to execute its long-term growth and acquisition plan through our
Climb Channel Solutions businesses."
During her career, Gold has held numerous critical leadership
roles in HPEFS, Compaq Financial Services as well as AT&T,
where she was one of the founding members of AT&T Capital Corp.
Gold has led through a number of mergers and divestures at AT&T
and with Compaq-HP.
Gold is a graduate of the University of Michigan and earned her
MBA in Finance from New York University. In her spare time, Gold
mentors young entrepreneurial talent. These successful
collaborations include businesses in bio-tech, software, and the
legal profession.
"The team at Wayside has built a dynamic organization that
delivers easy access to superior IT solutions for resellers and
businesses around the globe," said Gold. "I am delighted to have
the opportunity to help the team at Wayside scale and grow these
solutions. This is a particularly exciting period for all
businesses as we collectively emerge from the pandemic lock-down
and I'm very optimistic about the road ahead."
About Wayside Technology Group
Wayside Technology Group, Inc. (NASDAQ: WSTG) is a value-added
IT channel and solutions company specializing in emerging
technologies. Wayside operates across the US, Canada and Europe
through multiple business units, including Climb Channel Solutions,
Sigma Software Distribution, Grey Matter, Interwork and TechXtend.
The Company provides IT distribution and solutions for emerging
companies in the Security, Data Management, Cloud, Connectivity,
Storage & HCI, Virtualization, and Software & ALM
industries.
Additional information can be found by visiting
www.waysidetechnology.com.
Forward Looking Statements
This press release includes certain "forward-looking statements"
within the meaning of Section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Securities Exchange Act of 1934, as
amended. We make these forward-looking statements in reliance on
the safe harbor protections provided under the Private Securities
Litigation Reform Act of 1995.
All statements, other than statements of historical fact,
included in this Press Release may constitute forward-looking
statements. These forward-looking statements may be accompanied by
such words as "anticipate," "believe," "estimate," "expect,"
"forecast," "intend," "may," "plan," "potential," "project,"
"target," "should," "likely," "will" and other words and terms of
similar meaning. These forward-looking statements are subject to
certain known and unknown risks and uncertainties, as well as
assumptions that could cause actual results to differ materially
from those reflected in these forward-looking statements. These
risk and uncertainties include, without limitation, the continued
acceptance of the Company's distribution channel by vendors and
customers, the timely availability and acceptance of new products,
product mix, market conditions, contribution of key vendor
relationships and support programs, as well as factors that affect
the software industry in general and other factors (such as the
coronavirus outbreak). The forward-looking statements contained
herein are also subject generally to other risks and uncertainties
that are described from time to time in our filings with the
SEC.
Readers are cautioned not to place undue reliance on any
forward-looking statements contained in this Press Release, which
speak only as of the date of this release. Except as required by
law, we undertake no obligation to revise or publicly release the
results of any revision to any forward-looking statements.
Important Additional Information
The Company, its directors and certain of its executive officers
are participants in the solicitation of proxies from the Company's
shareholders in connection with the Company's 2021 annual meeting
of shareholders. The Company intends to file a definitive proxy
statement and a WHITE proxy card with the SEC in connection with
any such solicitation of proxies from the Company's shareholders.
SHAREHOLDERS OF THE COMPANY ARE STRONGLY ENCOURAGED TO READ SUCH
PROXY STATEMENT, ACCOMPANYING WHITE PROXY CARD AND ALL OTHER
DOCUMENTS FILED WITH THE SEC CAREFULLY AND IN THEIR ENTIRETY WHEN
THEY BECOME AVAILABLE AS THEY WILL CONTAIN IMPORTANT INFORMATION.
The Company's soliciting material filed with the SEC on January 15,
2021 as DEFA 14A (the "DEFA 14A") contains information regarding
the direct and indirect interests, by security holdings or
otherwise, of the Company's directors and executive officers in the
Company's securities. If the holdings of the Company's securities
change from the amounts provided in the DEFA 14A, such changes will
be set forth in SEC filings on Forms 3, 4, and 5, which can be
found through the Company's website at www.waysidetechnology.com or
through the SEC’s website at www.sec.gov. Information can also be
found in the Company's other SEC filings, including its Annual
Report on Form 10-K for the year ended December 31, 2020. Updated
information regarding the identity of potential participants, and
their direct or indirect interests, by security holdings or
otherwise, will be set forth in the Company's definitive proxy
statement and other materials to be filed with the SEC in
connection with the 2021 annual meeting of shareholders.
Shareholders will be able to obtain the definitive proxy statement,
any amendments or supplements to the proxy statement and other
documents filed by the Company with the SEC at no charge at the
SEC’s website at www.sec.gov. Copies will also be available at no
charge at the Company's website at www.waysidetechnology.com.
Company Contact:Drew ClarkChief Financial
Officer1-732-389-0932Drew@WaysideTechnology.Com
Investor Relations ContactCody Cree or Jackie
KeshnerGateway Investor
Relations1-949-574-3860WSTG@gatewayir.com
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