June 30, 2022

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American Program Announces Tax Treatment of 2020 Distributions

ATLANTA–(Small business WIRE)–Jan 20, 2021–

American Software, Inc. (NASDAQ: AMSWA) has established that sure 2020 distributions are viewed as to be return of money (non-dividend) distributions.

This tax procedure will impact shareholders’ tax basis in their shares. To aid traders with tax reporting, Form 8937, Report of Organizational Steps Impacting Foundation of Securities has been posted on the Investor part of the Company’s web page below “Investor Relations.”

Shareholders should consult their tax advisors to determine how this alter may possibly have an affect on their 2020 taxes.

About American Software, Inc.

Atlanta-primarily based American Computer software, Inc. ( NASDAQ: AMSWA ), by its functioning entities delivers an progressive technological system with AI-driven capabilities for provide chain management and sophisticated retail planning that is accelerating electronic provide chain optimization from products concept to shopper availability. Logility, Inc., is supporting massive company providers remodel their supply chain operations to get a competitive gain. Recognized for its high-touch strategy to purchaser company, rapid implementations and industry-main return on investment decision (ROI), Logility customers involve Significant Lots, Husqvarna Team, Parker Hannifin, Sonoco Products and solutions and Pink Wing Shoe Organization. Need Administration, Inc. delivers cost-effective, easy-to-use source chain arranging alternatives built to improve forecast accuracy, increase customer service and cut down stock to increase income and lower costs. Demand Administration serves customers these types of as Siemens Healthcare, AutomationDirect.com and Newfoundland Labrador Liquor Company. New Generation Computing, Inc. powers the electronic source chain to enable clothing model homeowners and vendors to improve revenue and earnings by accelerating lead periods, streamlining product progress, and optimizing sourcing and distribution. NGC customers contain Brooks Brothers, Carter’s, Place XL, Fanatics, Foot Locker, Jockey International, Lacoste and Spanx. The comprehensive American Software package provide chain and retail setting up portfolio sent in the cloud involves state-of-the-art analytics, supply chain visibility, need, stock and replenishment preparing, Revenue and Operations Planning (S&OP), Integrated Small business Planning (IBP), supply and inventory optimization, production planning and scheduling, retail merchandise and assortment organizing and allocation, item lifecycle management (PLM), sourcing management, vendor high quality and compliance, and merchandise traceability. For more details about American Software, be sure to check out www.amsoftware.com, call (404) 364-7615 or e mail [email protected].

Watch resource variation on businesswire.com:https://www.businesswire.com/news/home/20210120005624/en/

Contact: Vince C. Klinges

Chief Economic Officer

American Application, Inc

(404) 264-5477

Search phrase: UNITED STATES NORTH The usa Georgia

Industry Key phrase: Technological know-how Software program

Resource: American Software package, Inc.

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PUB: 01/20/2021 01:01 PM/DISC: 01/20/2021 01:01 PM

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