Climb Global Solutions sets date for 2025 Annual Meeting

Climb Global Solutions, Inc. (NASDAQ:CLMB), a wholesale provider of computer and peripheral equipment and software with a market capitalization of approximately $498 million, has announced that its 2025 Annual Meeting of Stockholders is scheduled for June 3, 2025. The company, formerly known as Wayside Technology Group, Inc., released this information in a recent SEC filing dated April 2, 2025. According to InvestingPro, the company has demonstrated strong performance with a nearly 60% return over the past year.

The company, headquartered in Eatontown, New Jersey, stated that details regarding the Annual Meeting would be included in its definitive proxy statement and other materials. These documents are expected to be filed with the SEC in preparation for the June meeting.

The disclosure, made under Regulation FD (Fair Disclosure), is intended to provide shareholders and the investment community with advance notice of the meeting date. It is important to note that the information shared in the 8-K filing is not considered "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, nor is it subject to the liabilities of that section. Furthermore, it will not be incorporated by reference into any future filings under the Securities Act of 1933 or the Exchange Act unless explicitly stated.

Climb Global Solutions, which operates under the SIC code for wholesale computer and peripheral equipment and software, has its fiscal year end on December 31. The company’s business and mailing address remain at 4 Industrial Way West, Suite 300, Eatontown, NJ, 07724, and the business phone number is 732-389-0932.

This news comes as part of a standard regulatory process and is based on the press release statement filed with the SEC. Investors and interested parties are advised to look forward to the forthcoming proxy statement for more detailed information about the 2025 Annual Meeting agenda and shareholder proposals. The company maintains a strong financial position, with InvestingPro data showing impressive revenue growth of 32% and a 23-year track record of consistent dividend payments. InvestingPro’s comprehensive analysis, including 8 additional key insights and detailed financial metrics, is available through their Pro Research Report.

In other recent news, Climb Global Solutions reported impressive financial results for the fourth quarter of 2024, surpassing market expectations. The company achieved an earnings per share (EPS) of $2.26, significantly exceeding the forecasted $0.96, and reported revenue of $161.76 million, which was above the anticipated $126.95 million. This performance highlights strong growth in gross billings and net sales, driven by new vendor partnerships and strategic leadership changes. Analysts have noted the company’s optimistic future guidance, with plans to continue focusing on growth and partnerships.

Climb Global Solutions has also made notable leadership changes, appointing Matt Sullivan as the new Chief Financial Officer and promoting Kim Stevens and Charles Bass to key roles within the company. These changes aim to support the company’s growth strategy and enhance its market positioning. The company remains active in exploring mergers and acquisitions, with a focus on expanding its services and geographic footprint.

Additionally, Climb Global Solutions declared a quarterly dividend of $0.17 per share, reflecting confidence in its financial stability. The company’s leadership has expressed a commitment to organic growth and deepening relationships with existing vendors and customers. Analysts from Barrington Research have acknowledged the company’s strong performance and strategic plans, noting its focus on innovative technologies and market expansion.

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