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<SEC-DOCUMENT>0000899681-04-000089.txt : 20040217
<SEC-HEADER>0000899681-04-000089.hdr.sgml : 20040216
<ACCEPTANCE-DATETIME>20040217105914
ACCESSION NUMBER:		0000899681-04-000089
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		3
CONFORMED PERIOD OF REPORT:	20040217
ITEM INFORMATION:		Financial statements and exhibits
ITEM INFORMATION:		Regulation FD Disclosure
FILED AS OF DATE:		20040217

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			SYSTEMAX INC
		CENTRAL INDEX KEY:			0000945114
		STANDARD INDUSTRIAL CLASSIFICATION:	RETAIL-CATALOG & MAIL-ORDER HOUSES [5961]
		IRS NUMBER:				113262067
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-13792
		FILM NUMBER:		04604870

	BUSINESS ADDRESS:	
		STREET 1:		22 HARBOR PARK DR
		CITY:			PORT WASHINGTON
		STATE:			NY
		ZIP:			11050
		BUSINESS PHONE:		5166087000

	MAIL ADDRESS:	
		STREET 1:		22 HARBOR PARK DRIVE
		CITY:			PORT WASHINGTON
		STATE:			NY
		ZIP:			11050

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	GLOBAL DIRECTMAIL CORP
		DATE OF NAME CHANGE:	19950509
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>systemax-8k_021304.htm
<TEXT>
<HTML>
<HEAD>
<TITLE>8-K</TITLE>
</HEAD>
<BODY>
<P ALIGN=CENTER><FONT SIZE=3><B>SECURITIES AND EXCHANGE COMMISSION<BR>
WASHINGTON, D.C. 20549</B></FONT></P>

<HR SIZE=1 NOSHADE WIDTH=25% ALIGN=CENTER>

<P ALIGN=CENTER><FONT SIZE=3><B>FORM 8-K</B></FONT></P>

<P ALIGN=CENTER><FONT SIZE=3><B>CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE<BR>
SECURITIES EXCHANGE ACT OF 1934</B></FONT></P>

<P ALIGN=CENTER><FONT SIZE=3>Date of Report (Date of earliest event reported)&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <U>February 17, 2004</U></FONT></P>
<BR>
<BR>

<P ALIGN=CENTER><FONT SIZE=3><B> <U>Systemax Inc</U>.</B><BR>
(Exact name of registrant as specified in its charter)</FONT></P>
<BR>
<BR>


<TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0 BORDER=0>
<TR VALIGN=TOP>
<TD WIDTH=33% ALIGN=CENTER>
<B> <U>Delaware</U></B><BR>
(State or other jurisdiction of<BR>
incorporation or organization)</TD>
<TD WIDTH=33% ALIGN=CENTER>
<B> <U>1-13792</U></B><BR>
(Commission File<BR>
number)
</TD>
<TD WIDTH=34% ALIGN=CENTER>
<B><U>11-3262067</U></B><BR>
(I.R.S. Employe<BR>
Identification No.)</TD>
</TR>
</TABLE>
<BR>





<P ALIGN=CENTER><FONT SIZE=3><B> <U>11 Harbor Park Drive, Port Washington, New York 11050</U></B><BR>
(Address of principal executive offices) (Zip Code) </FONT></P>

<P ALIGN=CENTER><FONT SIZE=3>Registrant's telephone number, including area code:<B> <U>(516) 608-7000</U></B></FONT></P>


<P ALIGN=LEFT><FONT SIZE=3><B> Item 7. <U>Financial Statements, Pro Forma Financial Information and Exhibits</U>.</B></FONT></P>
<P><FONT SIZE=3>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Exhibits</FONT></P>


<P><FONT SIZE=3>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
99.&nbsp; Press release issued on February 17, 2004</FONT></P>

<P ALIGN=LEFT><FONT SIZE=3><B> Item 9. <U>Regulation FD Disclosure</U>.</B></FONT></P>

<TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0>
<TR VALIGN=TOP>
<TD WIDTH=5%>&nbsp;</TD>
<TD WIDTH=95%><FONT SIZE=3>
On February 17, 2004, a press release captioned &#147;Systemax Announces Efforts
to Streamline Business and Reduce Costs&#148; was issued. A copy of such release
is filed as Exhibit 99.</FONT></TD>
</TR>
</TABLE>
<BR>

<P ALIGN=CENTER><FONT SIZE=3><B> <U>SIGNATURE</U></B> </FONT></P>

<P><FONT SIZE=3>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pursuant
to the requirements of the Securities Exchange Act of 1934, the Registrant has
duly caused this report to be signed on its behalf by the undersigned thereunto
duly authorized. </FONT></P>

<TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0 BORDER=0>
<TR VALIGN=TOP>
<TD WIDTH=50% ALIGN=LEFT>Date: February 17, 2004 </TD>
<TD WIDTH=50%>
SYSTEMAX INC.<BR>
<BR>
<BR>
By: <U>/s/ Curt Rush</U><BR>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Curt Rush<BR>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;General Counsel and Secretary</TD>
</TR>
</TABLE>


<P ALIGN=CENTER><FONT SIZE=3><B> <U>EXHIBIT INDEX</U></B> </FONT></P>

<TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0 BORDER=0>
<TR VALIGN=TOP>
<TD WIDTH=15% ALIGN=LEFT><B><U>Exhibit Number</U></B><BR>
<BR>
99</TD>
<TD WIDTH=75%>
<B><U>Description Of Exhibit Page</U></B><BR>
<BR>
Press release issued on February 17, 2004
</TD>
<TD WIDTH=10% ALIGN=LEFT><B><U>Page</U></B><BR>
<BR>
4
</TD>
</TR>
</TABLE>

</BODY>
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<FILENAME>systemax-ex99_021304.htm
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<P ALIGN=RIGHT><FONT SIZE=3><B>EXHIBIT 99</B></FONT></P>

<IMG SRC="system.jpg">




<P ALIGN=LEFT><FONT SIZE=3><B> <U>FOR IMMEDIATE RELEASE</U></B> </FONT></P>

<P ALIGN=LEFT><FONT SIZE=3>INVESTOR CONTACT:<BR>
Steven M. Goldschein<BR>
516-608-7000</FONT></P>

<HR SIZE=1>
<P ALIGN=CENTER><FONT SIZE=3><B>SYSTEMAX ANNOUNCES EFFORTS TO STREAMLINE BUSINESS
AND REDUCE COSTS</B></FONT></P>

<P><FONT SIZE=3><B>PORT WASHINGTON, NY</B>, February 17, 2004 - Systemax Inc.
(NYSE-SYX) today announced that it is streamlining the back office and warehouse
operations of its computer supply businesses in the United States. The Company
believes this should result in improved service to its customers, reduced costs
and improved overall profitability. </FONT></P>

<P><FONT SIZE=3>Richard Leeds, Chairman and Chief Executive Officer, said,
"We believe that our customers will benefit from these changes by having
access to a broader selection of in- stock inventory and more convenient
service. It should allow us to offer reduced prices to our customers and, after
incurring one-time costs, increase the Company&#146;s profitability".
</FONT></P>

<P><FONT SIZE=3>It is anticipated that the streamlining will result in the elimination of
approximately 200 people. In addition, the Company has also consolidated one of
its sales offices in the United Kingdom, resulting in the elimination of 50
people. One time costs, including severance and other related charges, are
expected to total for the U.S. and the U.K. approximately $3,000,000 (pre-tax)
and will be reflected in the Company&#146;s first quarter 2004 results. The
Company believes that these actions should result in an approximate annual
savings of $8 million after they are fully implemented. The Company also
anticipates improved profitability resulting from the consolidation of
warehousing, purchasing and marketing functions. </FONT></P>

<P><FONT SIZE=3>Systemax (<U>www.systemax.com</U>) has developed an integrated
system of branded e-commerce web sites, direct mail catalogs, and relationship
marketers to sell PC hardware, related computer products and industrial products
in North America and Europe. Systemax is a Fortune 1000 company.</FONT></P>

<P><FONT SIZE=3><B>Foward-Looking Statements</B></FONT></P>


<P><FONT SIZE=1>This press release may contain forward-looking statements about
the Company&#146;s performance. These statements are based on management&#146;s
estimates, assumptions and projections and are not guarantees of future
performance. The Company assumes no obligation to update these statements.
Actual results may differ materially from results expressed or implied in these
statements as the result of risks, uncertainties and other factors including,
but not limited to: (a) unanticipated variations in sales volume, (b) economic
conditions and exchange rates, (c) actions by competitors, (d) the continuation
of key vendor relationships, (e) the ability to maintain satisfactory loan
agreements with lenders, (f) risks associated with the delivery of merchandise
to customers utilizing common carriers, (g) the operation of the Company&#146;s
management information systems, and (h) unanticipated legal and administrative
proceedings. Please refer to the Forward Looking Statements section contained in
Item 7 of the Company&#146;s Form 10-K for a more detailed explanation of the
inherent limitations in such forward-looking statements. </FONT></P>


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end

</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
-----END PRIVACY-ENHANCED MESSAGE-----
