PC Connection Inc. (PCCC) 2020年年度报告「NASDAQ」.pdf

1、 TABLE OF CONTENTS PART I Page ITEM 1.Business 1 ITEM 1A.Risk Factors 10 ITEM 1B.Unresolved Staff Comments 20 ITEM 2.Properties 20 ITEM 3.Legal Proceedings 20 ITEM 4.Mine Safety Disclosures 20 PART II ITEM 5.Market for the Registrants Common Equity,Related Stockholder Matters and Issuer Purchases of

2、 Equity Securities 21 ITEM 6.Selected Financial Data 23 ITEM 7.Managements Discussion and Analysis of Financial Condition and Results of Operations 24 ITEM 7A.Quantitative and Qualitative Disclosure About Market Risk 39 ITEM 8.Consolidated Financial Statements and Supplementary Data 39 ITEM 9.Change

3、s in and Disagreements with Accountants on Accounting and Financial Disclosure 39 ITEM 9A.Controls and Procedures 40 ITEM 9B.Other Information 42 PART III ITEM 10.Directors,Executive Officers and Corporate Governance 44 ITEM 11.Executive Compensation 44 ITEM 12.Security Ownership of Certain Benefici

4、al Owners and Management and Related Stockholder Matters 44 ITEM 13.Certain Relationships and Related Transactions and Director Independence 44 ITEM 14.Principal Accounting Fees and Services 44 PART IV ITEM 15.Exhibits and Financial Statement Schedules 45 ITEM 16.Form 10-K Summary 49 SIGNATURES 50 2

5、 0 2 0 A N N U A L R E P O R TPatricia Gallup Board Chair Timothy McGrath President and Chief Executive OfficerDear Shareholders,Customers,Industry Partners,and Co-workers,The global events of 2020 were unprecedented for all of us,as were our collective recovery efforts.It was an extraordinary year

6、for Connection and our customers.A once-in-a-century pandemic forced companies and employees to change to a work-from-anywhere model in a matter of weeks,and accelerated the adoption of technology at a greater pace than during any other period in history.Everyone was challenged to reimagine the futu