{"id":726238,"date":"2023-01-26T11:08:02","date_gmt":"2023-01-26T16:08:02","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/american-software-announces-tax-treatment-of-2022-distributions\/"},"modified":"2023-01-26T11:08:02","modified_gmt":"2023-01-26T16:08:02","slug":"american-software-announces-tax-treatment-of-2022-distributions","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/american-software-announces-tax-treatment-of-2022-distributions\/","title":{"rendered":"American Software Announces Tax Treatment of 2022 Distributions"},"content":{"rendered":"

<\/p>\n

American Software Announces Tax Treatment of 2022 Distributions<\/b><\/p>\n

ATLANTA–(BUSINESS WIRE<\/a>)–
\nAmerican Software, Inc. (NASDAQ: AMSWA) has determined that certain 2022 distributions are considered to be return of capital (non-dividend) distributions.\n<\/p>\n

\nThis tax treatment will affect shareholders\u2019 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\u2019s website under \u201cInvestor Relations.\u201d\n<\/p>\n

\nShareholders should consult their tax advisors to determine how this change may affect their 2022 taxes.\n<\/p>\n

About American Software, Inc.<\/b><\/p>\n

\nAtlanta-based American Software, Inc. (NASDAQ: AMSWA<\/b>), 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\u00ae 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.\n<\/p>\n

\nServing clients such as Big Lots, Carter\u2019s, 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 (\u201cVAR\u201d) distribution network.\n<\/p>\n

\nFueled 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<\/a>. Logility is a wholly-owned subsidiary and operating entity for American Software, Inc. You can learn more about American Software at www.amsoftware.com<\/a>, or by calling (404) 364-7615 or emailing kliu@amsoftware.com<\/a>.\n<\/p>\n

\"\"<\/p>\n

View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20230126005740\/en\/<\/a><\/span><\/p>\n

\nVince C. Klinges
\n
Chief Financial Officer
\n
American Software, Inc.
\n
(404) 264-5477\n<\/p>\n

KEYWORDS:<\/b> United States North America Georgia<\/p>\n

INDUSTRY KEYWORDS:<\/b> Technology Retail Finance Supply Chain Management Banking Accounting Asset Management Professional Services Artificial Intelligence Transport Software Data Analytics Data Management Logistics\/Supply Chain Management<\/p>\n

MEDIA:<\/b><\/p>\n\n","protected":false},"excerpt":{"rendered":"

American Software Announces Tax Treatment of 2022 Distributions ATLANTA–(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\u2019 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\u2019s website under \u201cInvestor Relations.\u201d 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 … <\/p>\n

Continue reading “American Software Announces Tax Treatment of 2022 Distributions”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-726238","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nAmerican Software Announces Tax Treatment of 2022 Distributions - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/american-software-announces-tax-treatment-of-2022-distributions\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"American Software Announces Tax Treatment of 2022 Distributions - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"American Software Announces Tax Treatment of 2022 Distributions ATLANTA–(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\u2019 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\u2019s website under \u201cInvestor Relations.\u201d 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. 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