American Software Announces Tax Treatment of 2019 Distributions
January 13 2020 - 3:05PM
Business Wire
American Software, Inc. (NASDAQ: AMSWA) today announced a change
in the reporting of distributions paid to its shareholders in
2019.
The Company previously reported all distributions as taxable
dividends. The Company has determined that certain 2019
distributions are considered to be return of capital (non-dividend)
distributions.
The change in tax treatment will also 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 2019 taxes.
About American Software, Inc.
Atlanta-based American Software, Inc. (NASDAQ: AMSWA),
delivers innovative demand-driven supply chain management and
advanced retail planning platforms backed by more than 45 years of
industry expertise. Logility, Inc., a wholly-owned subsidiary of
American Software, is a leading provider of collaborative supply
chain optimization and advanced retail planning solutions that help
medium, large and Fortune 500 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, Red Wing Shoe Company, Verizon Wireless and VF
Corporation. Demand Management, Inc., a wholly-owned subsidiary of
Logility, delivers affordable, easy-to-use Software-as-a-Service
(SaaS) supply chain planning solutions designed to increase
forecast accuracy, improve customer service and reduce inventory to
maximize profits and lower costs. DMI serves customers such as
Siemens Healthcare, AutomationDirect.com and Newfoundland Labrador
Liquor Corporation. Halo Business Intelligence, a division of
Logility, is an advanced analytics software provider leveraging an
innovative blend of artificial intelligence and machine learning
technology to drive greater supply chain performance. Halo
customers include Aaron’s and Leatherman Tool Group. New Generation
Computing, Inc., a wholly-owned subsidiary of American Software,
powers the digital supply chain with the Andromeda Cloud Platform®,
enabling brand owners and retailers to maximize revenue and profit
by accelerating lead times, streamlining product development and
supply chain management, and optimizing 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
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, and vendor quality
and compliance. For more information about American Software,
please visit www.amsoftware.com, call
(800) 726-2946 or email: ask@amsoftware.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20200113005836/en/
Vince C. Klinges Chief Financial Officer American Software, Inc
(404) 264-5477
American Software (NASDAQ:AMSWA)
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