PC Connection Inc. (PCCC) 2018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 16 ITEM 2.Properties 16 ITEM 3.Legal Proceedings 17 ITEM 4.Mine Safety Disclosures 17 PART II ITEM 5.Market for the Registrants Common Equity,Related Stockholder Matters and Issuer Purchases of

2、 Equity Securities 18 ITEM 6.Selected Financial Data 20 ITEM 7.Managements Discussion and Analysis of Financial Condition and Results of Operations 21 ITEM 7A.Quantitative and Qualitative Disclosure About Market Risk 37 ITEM 8.Consolidated Financial Statements and Supplementary Data 37 ITEM 9.Change

3、s in and Disagreements with Accountants on Accounting and Financial Disclosure 38 ITEM 9A.Controls and Procedures 38 ITEM 9B.Other Information 40 PART III ITEM 10.Directors,Executive Officers and Corporate Governance 41 ITEM 11.Executive Compensation 41 ITEM 12.Security Ownership of Certain Benefici

4、al Owners and Management and Related Stockholder Matters 41 ITEM 13.Certain Relationships and Related Transactions and Director Independence 41 ITEM 14.Principal Accounting Fees and Services 41 PART IV ITEM 15.Exhibits and Financial Statement Schedules 42 SIGNATURES 47 2 0 1 8 A N N U A L R E P O R

5、TGO BEYONDwithTimothy McGrath President and Chief Executive OfficerPatricia Gallup Board Chair Dear Fellow Shareholders,Looking back on our accomplishments of 2018,we want to express our thanks for the support you gave us that made Connections success possible.It is clear that we are living through

6、the age of digital transformation.Technology is accelerating change at an unprecedented rate,creating demand for new infrastructure,platforms,and services,as well as new ways of consuming these innovations.This shift presents an exciting opportunity for Connection to deliver on our mission of connec