American Software Announces Tax Treatment of 2021 Distributions | News

ATLANTA–(BUSINESS WIRE)–January 26, 2022–

American Software, Inc. (NASDAQ: AMSWA) has determined that certain 2021 distributions qualify as returns of capital (non-dividends).

This tax treatment will affect the tax base of shareholders in their shares. To assist investors with their tax reporting, Form 8937, Report of Organizational Actions Affecting Basis of Securities, has been posted in the Investors section of the Company’s website under “Investor Relations”.

Shareholders should consult their tax advisors to determine how this change may affect their 2021 taxes.

About American Software, Inc.

American Software, Inc., based in Atlanta ( NASDAQ: AMSWA ), through its operating entities, provides an innovative technical platform with AI-powered capabilities for supply chain management and advanced retail planning that accelerates the optimization of the digital supply chain, from product concept to customer availability. Logility, Inc. helps large enterprises transform their supply chain operations to gain competitive advantage. Recognized for its highly tactile approach to customer service, rapid implementations, and industry-leading return on investment (ROI), Logility customers include Big Lots, Husqvarna Group, Parker Hannifin, Sonoco Products, and Red Wing Shoe Company . Demand Management, Inc. provides affordable, easy-to-use supply chain planning solutions designed to increase forecast accuracy, improve customer service, and reduce inventory to maximize profits and reduce costs. Demand Management serves clients such as Siemens Healthcare, AutomationDirect.com and Newfoundland Labrador Liquor Corporation. New Generation Computing, Inc. customers now served by Logility and Demand Management include Brooks Brothers, Carter’s, Destination XL, Foot Locker, Jockey International, Lacoste and Spanx. American Software’s comprehensive retail and supply chain planning portfolio delivered in the cloud includes advanced analytics, supply chain visibility, demand, inventory and replenishment planning , Sales & Operations Planning (S&OP), Integrated Business Planning (IBP), Supply & Inventory Optimization, Manufacturing Planning & Scheduling, Merchandise Planning & Allocation and retail assortments, product lifecycle management (PLM), supply management, supplier quality and compliance, and product traceability. For more information about American Software, please visit www.amsoftware.com, call (404) 364-7615, or email [email protected]

See the source version on businesswire.com: https://www.businesswire.com/news/home/20220126005107/en/

CONTACT: Vince C. Klinges

Financial director

American Software, Inc.

(404) 264-5477

KEYWORD: UNITED STATES NORTH AMERICA GEORGIA

INDUSTRY KEYWORD: DATA MANAGEMENT OTHERS RETAIL SUPPLY CHAIN ​​MANAGEMENT BANKING ACCOUNTING TECHNOLOGY PROFESSIONAL SERVICES RETAIL SOFTWARE INTERNET FINANCE

SOURCE: American Software, Inc.

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PUBLISHED: 01/26/2022 09:45 / DISK: 01/26/2022 09:46

http://www.businesswire.com/news/home/20220126005107/en

Copyright BusinessWire 2022.