469:(SEC) charged a former director of Systemax Inc for fraudulently reaping hundreds of thousands of dollars in undisclosed compensation between January 2006 to December 2010. The SEC alleged that Gilbert Fiorentino, who in addition to serving on the board was the former chief executive of Systemax’s Technology Products Group in Miami, "obtained more than $ 400,000 in extra compensation directly from firms that conducted business with Systemax." The SEC also alleged Fiorentino of stealing "several hundred thousand dollars worth of company merchandise that was used to market Systemax’s products." Fiorentino failed to disclose his extra compensation and perks to Systemax or its auditors, so that the amounts reported to shareholders were understated.
33:
227:
325:
472:
In April 2011, Systemax placed
Fiorentino on administrative leave. On May 9, 2011, Fiorentino agreed to resign from all of his positions with Systemax, surrender stock and stock options valued at approximately $ 9.1 million, and repay his 2010 annual bonus of $ 480,000. With Fiorentino's departure,
493:
On
February 21, 2005, the company restated financial results for each of the first three quarters of 2004 and the year ended Dec. 31, 2003, following the discovery of certain inventory accounting errors at the company's British unit. On May 11, 2005, the company restated its results for the year
418:
On
January 30, 2015, Systemax announced the acquisition of the Plant Equipment Group ("PEG"), a business-to-business direct marketer of maintenance, repair and operations ("MRO") products, from TAKKT America . PEG serves business customers within the North American MRO market.
381:
announced it would sell its intellectual property, including its trademarks, brand name, and internet domain, to
Systemax for $ 14 million. The deal took effect six days later. The defunct CircuitCity.com website was restored after the Systemax purchase.
305:
based company and is a provider of industrial and MRO (maintenance, repair, and operating supply) products through a system of branded e-Commerce websites and relationship marketers in North
America. The primary brand is Global Industrial.
400:
On
September 18, 2009 Systemax announced the acquisition of WStore Europe, SA, a European supplier of business IT products with operations in France (Inmac WStore SAS and I-Com Software) and in the United Kingdom (WStore UK Limited).
484:
from suppliers he had entered into agreements with
Systemax, and obscured his participation in these agreements to Systemax. Gilbert was also charged with conspiracy to commit securities fraud and impeding the operation of the IRS.
911:
409:
On June 12, 2014, Systemax announced the acquisition of SCC Services B.V., a supplier of business-to-business IT products and services with operations in the
Netherlands. This subsidiary was renamed Misco Solutions.
680:
479:
On
December 3, 2014, Gilbert and Carl Fiorentino pleaded guilty for their participation in a bribery scheme, after it was found that between during his employment, Carl had received over $ 7 million in
735:
476:
Fiorentino agreed to settle the SEC charges by paying a $ 65,000 fine and consenting to a permanent bar from serving as an officer or director of any publicly held company.
684:
651:
1150:
1145:
427:
On
December 1, 2015, Systemax announced the sale of certain Business to Business assets of its North American Technology Group, including TigerDirect to PCM, Inc.
43:
1028:
1160:
1165:
337:
Subsidiaries and divisions of Systemax, Inc. include Global Industrial, Nexel, Infotel, C&H Distributors and Avenue Industrial Supply Company.
886:
861:
836:
811:
786:
761:
706:
313:, a material handler. It first entered direct marketing in 1972 and began marketing computer equipment in 1981. The company changed its name to
1170:
447:
On March 27, 2017, Systemax announced the sale of all its European Technology Products Group Businesses, excluding their operations in France.
739:
1053:
1103:
912:"Systemax Further Streamlines Operations To Increase Focus On Its Profitable North American Industrial Products And France IT Businesses"
436:
58:
937:
457:
On September 4, 2018, Systemax announced it has closed the previously announced sale of its France-based IT business to Bechtle AG.
603:
473:
Robert Leeds, Systemax's founding CEO of the technology division, took over as CEO of Systemax's technology products group.
1155:
659:
986:
494:
2004, following the discovery of errors in accounting for inventory at its Tiger Direct Inc. unit, an online retailer.
466:
1079:
543:
80:
625:
837:"Systemax's Global Industrial Business Completes Acquisition of North American Business-to-Business MRO Supplier"
62:
385:
In late December 2012, CompUSA and Circuit City were both consolidated into TigerDirect, which Systemax sold to
890:
865:
840:
815:
790:
765:
714:
707:"Systemax Inc. Signs Stalking Horse Purchase Agreement for Circuit City E-Commerce Business (NYSE:SYX)"
302:
169:
862:"Systemax Closes on Transaction to Divest Certain Assets of North American Technology Group to PCM"
762:"Systemax Closes on Transaction to Divest Certain Assets of North American Technology Group to PCM"
681:"Systemax Announces Definitive Agreement to Acquire Selected Assets and Retail Stores from CompUSA"
50:
17:
211:
204:
124:
967:
589:
569:
230:
8:
238:
481:
132:
812:"Systemax Completes Acquisition of Business-to-Business IT Supplier SCC Services B.V."
1007:
955:
523:
256:
369:. The first new CompUSA store under Systemax ownership was opened in November 2009.
345:
On January 6, 2008, Systemax Inc. announced an agreement on the acquisition of the
173:
110:
54:
435:
On July 25, 2016, Systemax announced the sale of its Misco Germany assets to
1139:
118:
513:
378:
1029:"Former TigerDirect President Indicted in $ 230 Million Laundering Scheme"
547:
915:
503:
366:
629:
442:
354:
248:
128:
736:"Systemax to Cut Circuit City, CompUSA Brands, Exit PC Manufacturing"
386:
372:
285:
404:
787:"Systemax Completes Acquisition of European Business IT Supplier"
508:
358:
350:
324:
413:
394:
987:"SEC Charges Former Systemax Director in Compensation Scheme"
518:
362:
346:
1130:
887:"Systemax Announces Sale Of German Operations To CANCOM SE"
604:"Systemax to Change its Name to Global Industrial Company"
430:
570:"Systemax Reports Fourth Quarter 2017 Financial Results"
357:
business, and as many as 16 CompUSA retail outlets in
1054:"Former TigerDirect executives plead guilty to fraud"
443:
Sale of European Technology Products Group Businesses
1008:"Systemax exec resigns, must hand over $ 11 million"
452:
Sale of French-based Information Technology Business
61:, and by adding encyclopedic content written from a
1104:"Systemax Announces Intent to Restate 2004 Results"
373:Acquisition of Circuit City trademarks and website
1137:
1046:
405:Acquisition of Misco Solutions (SCC Netherlands)
1151:Business services companies established in 1949
1146:Companies listed on the New York Stock Exchange
1077:
392:
321:in 1999 and Global Industrial Company in 2021.
1021:
332:
728:
414:Acquisition of Plant Equipment Group (“PEG”)
938:"Systemax Closes Sale Of France Operations"
590:"Systemax Closes Sale Of France Operations"
1161:Companies based in Nassau County, New York
683:. Systemax. 6 January 2008. Archived from
989:. U.S. Securities and Exchange Commission
606:(Press release). Accesswire. June 9, 2021
340:
81:Learn how and when to remove this message
1080:"Systemax To Restate Earnings - Page: 1"
323:
1166:1949 establishments in New York (state)
536:
14:
1138:
981:
979:
977:
431:Sale of German Operations to CANCOM SE
422:
42:contains content that is written like
1171:Retail companies of the United States
618:
1078:Joseph F. Kovar (22 February 2005).
26:
974:
309:The company was founded in 1949 as
24:
754:
467:Securities and Exchange Commission
25:
1182:
1124:
460:
935:
652:"Systemax, Inc. - Annual Report"
465:On September 17, 2012, the U.S.
270:Avenue Industrial Supply Company
226:
225:
31:
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1000:
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854:
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1058:South Florida Business Journal
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13:
1:
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713:. 2009-04-13. Archived from
7:
1156:Industrial supply companies
497:
152:; 75 years ago
142:Industrial Supplies and MRO
10:
1187:
711:Syx.client.shareholder.com
656:syx.client.shareholder.com
333:Subsidiaries and divisions
303:Port Washington, New York
299:Global Industrial Company
280:
247:
237:
221:
194:
184:
164:
146:
138:
116:
106:
98:
94:Global Industrial Company
311:Global Equipment Company
1131:Systemax, Inc. homepage
1033:The Wall Street Journal
353:brand, trademarks, and
393:Acquisition of WStore
341:Acquisition of CompUSA
329:
133:Russell 2000 Component
389:on December 1, 2015.
327:
63:neutral point of view
687:on 29 September 2010
550:on February 25, 2008
328:Former Systemax logo
267:C&H Distributors
233:1.265 billion (2017)
742:on November 5, 2013
423:Sale of TigerDirect
315:Global Direct-mail,
273:Indoff Incorporated
243:Industrial Products
95:
55:promotional content
966:has generic name (
942:www.prnewswire.com
544:"Systemax - Press"
330:
93:
57:and inappropriate
914:(Press release).
524:Global Industrial
377:On May 13, 2009,
296:
295:
288:.globalindustrial
257:Global Industrial
91:
90:
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16:(Redirected from
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71:December 2020
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40:This article
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1111:. Retrieved
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918:. 2017-03-27
906:
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891:the original
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634:. Retrieved
630:the original
620:
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573:. Retrieved
564:
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548:the original
538:
514:Circuit City
492:
478:
475:
471:
464:
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450:
449:
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434:
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417:
408:
399:
384:
379:Circuit City
376:
344:
336:
318:
314:
310:
308:
298:
297:
249:Subsidiaries
165:Headquarters
107:Company type
77:
68:
53:by removing
49:Please help
41:
1063:29 December
1038:29 December
964:|last=
916:PR Newswire
746:November 5,
691:16 December
504:TigerDirect
489:Restatement
367:Puerto Rico
210:Tex Clark (
186:Area served
1140:Categories
1113:2016-04-28
1089:2016-04-28
1014:2013-07-22
993:2013-07-22
947:2018-11-13
922:2021-08-23
897:2016-12-20
872:2016-12-20
847:2016-12-11
822:2016-12-11
797:2016-12-11
772:2016-12-11
721:2016-04-28
666:2016-12-11
626:"Systemax"
610:August 23,
575:2016-11-13
530:References
355:e-commerce
196:Key people
190:Nationwide
51:improve it
636:April 26,
554:April 26,
482:kickbacks
437:CANCOM SE
387:PCM, Inc.
239:Divisions
119:Traded as
956:cite web
498:See also
319:Systemax
174:New York
139:Industry
102:Systemax
99:Formerly
18:Systemax
1084:CRN.com
509:CompUSA
359:Florida
351:CompUSA
349:-based
301:, is a
281:Website
264:Infotel
222:Revenue
155: (
147:Founded
127::
1010:. CNET
395:Europe
365:, and
111:Public
519:Misco
363:Texas
347:Miami
261:Nexel
1065:2015
1040:2015
968:help
748:2013
693:2009
638:2008
612:2021
556:2008
290:.com
231:US$
179:U.S.
157:1949
150:1949
125:NYSE
286:www
212:CFO
205:CEO
129:GIC
1142::
1106:.
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1056:.
1031:.
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