American Software Announces Tax Treatment of 2022 Distributions
27 January 2023 - 03:05AM
Business Wire
American Software, Inc. (NASDAQ: AMSWA) has determined that
certain 2022 distributions are considered to be return of capital
(non-dividend) distributions.
This tax treatment will 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 2022 taxes.
About American Software, Inc.
Atlanta-based American Software, Inc. (NASDAQ: AMSWA),
through its operating entities, including, but not limited to
Logility, Inc., delivers an innovative technical platform that
enables enterprises to accelerate their digital supply chain
transformation from product concept to client availability via the
Logility® Digital Supply Chain Platform, a single platform spanning
Product, Demand, Inventory, Supply, Sourcing, Deploy, Corporate
Responsibility (ESG) and Network Optimization aligned with
Integrated Business Planning.
Serving clients such as Big Lots, Carter’s, Destination XL,
Hostess, Husqvarna Group, Jockey International, Johnson Controls,
Parker Hannifin, Red Wing Shoe Company, Spanx, Trident Seafoods
Corporation, and WEG; our solutions are marketed and sold through a
direct sales team as well as an indirect global value-added
reseller (“VAR”) distribution network.
Fueled by supply chain master data, allowing for the automation
of critical business processes through the application of
artificial intelligence and machine learning algorithms to a
variety of internal and external data streams, the comprehensive
Logility portfolio delivered in the cloud 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, network design
and optimization (NDO), retail merchandise and assortment planning
and allocation, product lifecycle management (PLM), sourcing
management, vendor quality and compliance, and product
traceability. For more information about Logility, please visit
www.logility.com. Logility is a wholly-owned subsidiary and
operating entity for American Software, Inc. You can learn more
about American Software at www.amsoftware.com, or by calling (404)
364-7615 or emailing kliu@amsoftware.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20230126005740/en/
Vince C. Klinges Chief Financial Officer American Software, Inc.
(404) 264-5477
American Software (NASDAQ:AMSWA)
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