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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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<SEC-DOCUMENT>0000899681-05-000623.txt : 20050901
<SEC-HEADER>0000899681-05-000623.hdr.sgml : 20050901
<ACCEPTANCE-DATETIME>20050901153759
ACCESSION NUMBER:		0000899681-05-000623
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20050901
ITEM INFORMATION:		Regulation FD Disclosure
FILED AS OF DATE:		20050901
DATE AS OF CHANGE:		20050901

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:		051064778

	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_090105.htm
<TEXT>
<HTML>
<HEAD>
<TITLE>8-K</TITLE>
</HEAD>
<BODY>


<P ALIGN=CENTER><FONT SIZE=5>SECURITIES AND EXCHANGE COMMISSION</FONT><BR>
<FONT SIZE=3>WASHINGTON, D.C. 20549</FONT></P>

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

<P ALIGN=CENTER><FONT SIZE=5><B>FORM 8-K</B></FONT><BR>
<FONT SIZE=3>CURRENT REPORT<BR>
PURSUANT TO SECTION 13 OR 15(D) OF THE<BR>
SECURITIES EXCHANGE ACT OF 1934<BR>
<BR>
Date of Report (Date of earliest event reported): September 1, 2005<BR>
<BR>
<B>Systemax Inc.</B><BR>
(Exact Name of Registrant as Specified in Charter)</FONT></P>

<TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0 BORDER=0>
<TR VALIGN=TOP>
<TD WIDTH=33% ALIGN=CENTER>
<B>Delaware</B><BR>
(State or Other Jurisdiction<BR>
of Incorporation)</TD>
<TD WIDTH=33% ALIGN=CENTER>
<B>1-13792</B><BR>
(Commission<BR>
File Number)</TD>
<TD WIDTH=34% ALIGN=CENTER>
<B>11-3262067</B><BR>
(IRS Employer<BR>
Identification No.)</TD>
</TR>
</TABLE>
<BR>

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

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

<P ALIGN=CENTER><FONT SIZE=3><B>N.A.</B><BR>
(Former Name or Former Address, if Changed Since Last Report)</FONT></P>

<P><FONT SIZE=3>Check the appropriate box below if the Form 8-K filing is
intended to simultaneously satisfy the filing obligations of the registrant
under any of the following provisions (<I>see</I> General Instruction A.2
below): </FONT></P>

<P><FONT SIZE=3>|_| Written communications pursuant to Rule 425 under the
Securities Act (17 CFR 230.425) </FONT></P>

<P><FONT SIZE=3>|_| Soliciting material pursuant to Rule 14a-12 under the
Exchange Act (17 CFR 240.14-12) </FONT></P>

<P><FONT SIZE=3>|_| Pre-commencement communications pursuant to Rule 14d-2(b)
under the Exchange Act (17 CFR 240-14d-2(b)) </FONT></P>

<P><FONT SIZE=3>|_| Pre-commencement communications pursuant to Rule 13e-4(c)
under the Exchange Act (17 CRF 240.13e-4(c)) </FONT></P>

<P ALIGN=CENTER><FONT SIZE=3>Page 1 of 3</FONT></P>
<PAGE>

<P ALIGN=LEFT><FONT SIZE=3><B><U>ITEM 7.01</U>&nbsp;&nbsp; <U>Regulation FD Disclosure</U></B></FONT></P>

<P ALIGN=LEFT><FONT SIZE=3><U>Restatement of Financial Results </U></FONT></P>

<P><FONT SIZE=3>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In
a Form 8-K dated May 11, 2005, the Company reported that its consolidated
financial statements for the year ended December 31, 2004 and possibly the
financial statements for each of the first three quarters of 2004 should no
longer be relied upon and that it would restate its financial results for the
affected period or periods. At that time the Company stated that it anticipated,
assuming no earlier periods were affected, that net income for the full year
ended December 31, 2004 (previously reported as $12.6 million or $.35 per
diluted share) would be reduced to a range of approximately $9.0 to $9.6 million
or $.25 to $.27 per diluted share. </FONT></P>

<P><FONT SIZE=3>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In
a Form 8-K dated July 5, 2005, the Company estimated that its review and the
preparation of such restated financials would be completed by the end of August
2005 at which time the Company intended to file an amendment to its Form 10-K
for 2004. As noted in such Form 8-K, the Company also stated that it intended to
release, shortly thereafter, its first quarter 2005 financial results . As
subsequently noted in a Form 12b-25 filed on August 15, 2005, due to the delay
in restating its financials results for 2004 the Company was also not able to
file its Form 10-Q for the period ended June 30, 2005. </FONT></P>

<P><FONT SIZE=3>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;While
the Company has now substantially completed its internal review regarding
restatement of its financial statements for 2004, the procedures have proven to
be more time consuming than initially envisioned. The Company presently
anticipates that, following approval by its Audit Committee, it will issue an
earnings release relating to the restated 2004 financial results by September
15, 2005. The Company presently believes that the restated earnings will reflect
a reduction in net income for 2004 that is less than the $3.0 to $3.6 million
range previously estimated and reflected above. After the release of the
restated financial results for 2004, the Company will work to release quarterly
results and file an amended Form 10-K and Forms 10-Q for the first and second
quarters but the Company can not state at this time when it anticipates that
such releases and filings will be made. </FONT></P>

<P ALIGN=LEFT><FONT SIZE=3><U>Bank Financing</U></FONT></P>

<P><FONT SIZE=3>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In
a Form 8-K dated July 5, 2005, the Company reported that it had received a
commitment letter, dated June 28, 2005, from J.P. Morgan Securities Inc. ("J.P.
Morgan") to use commercially reasonable efforts to assemble a syndicate of
financial institutions to provide the Company, together with its domestic
subsidiaries and U.K. subsidiary, with a secured revolving credit facility in
the aggregate amount of up to $120,000,000. The commitment is subject to various
terms and conditions including (pursuant to the June 28th commitment letter) the
negotiation and execution of a definitive agreement on or before August 31,
2005. The Company has received a letter dated August 11, 2005 from J.P. Morgan
extending the original commitment and the required date for execution of a
definitive agreement to October 15, 2005. </FONT></P>
<PAGE>

<P ALIGN=CENTER><FONT SIZE=3><B>SIGNATURES</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 hereunto
duly authorized. </FONT></P>


<TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0 BORDER=0>
<TR VALIGN=TOP>
<TD WIDTH=50% ALIGN=LEFT></TD>
<TD WIDTH=50%>
SYSTEMAX INC.<BR>
<BR>
By: <U>/s/ Steven Goldschein&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U><BR>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Name: Steven Goldschein<BR>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Title: Senior Vice President and CFO
</TD>
</TR>
</TABLE>
<BR>
<BR>


<P ALIGN=LEFT><FONT SIZE=3>Dated:  September 1, 2005</FONT></P>

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