NJ TECH CORNER: Wayside Technology Group, Inc.
Photo: Wayside Chairman, President and CEO Simon F. Nynens Photo Credit: Courtesy Wayside Technology Group
Wayside Chairman, President and CEO Simon F. Nynens | Courtesy Wayside Technology Group

Company Overview

Wayside Technology Group, Inc. (NASDAQ: WSTG) was founded in 1982 and is a unified and integrated technology company providing products and solutions for corporate resellers, VARs, and developers as well as business, government and educational entities. The company offers technology products from many software publishers and manufacturers such as: Bluebeam Software, Dell, Hewlett Packard, Intel Software, Lenovo, Microsoft, Samsung, SolarWinds, Sophos, Veeam Software and many others. Under the corporate Wayside umbrella lie two subsidiaries: Lifeboat Distribution, an international distributor of software products and services; and TechXtrend, a leading value-added reseller of software, systems and solutions across the United States and Canada. Wayside Technology Group is headquartered in Shrewsbury, NJ, and has offices in the U.S., Canada, and Europe. The company employs 136 employees, as of Aug. 15, 2016.

Investment & Financial Information

Shares of common stock outstanding (as of  April 5, 2016): 

4,805, 264

Share price of stock (as of Aug. 19, 2016)

$18.02

Share price of stock a year ago

$17.47

Current valuation (as of Aug. 19, 2016)

$86.60 million

Valuation one year ago

$83.92 million

Stock Symbol:

NASDAQ: WSTG

Net Revenues (year ended Dec. 31, 2015):

$382.09 million

Net Revenues previous year

$340.75 million

Net Income (year ended Dec. 31, 2015)

$5.83 million

Net Income previous year:

$5.76 million

Management Team

Name

Age

Title

Simon F. Nynens           

44

Chairman of the Board of Directors, President, CEO

William Botti

65

Executive Vice President

Kevin Scull           

50

Vice President, Chief  Accounting Officer 

Vito Legrottaglie           

51

Vice President of Operations, Chief Information Officer

Jacquelyn Nyborg

46

Vice President of Marketing 

 

Board of Directors                                                       

Name

Age

Title

Simon F. Nynens           

44

Chairman of the Board, President and CEO

F. Duffield Meyercord   

69

Managing Director, Carl Marks Advisory Group LLC; Director, Peapack Gladstone Bank; Headway Corporate Resources

Mike Faith

51

Founder and CEO, Headsets.com

Steve DeWindt

60

Executive Vice President, Solium Inc.; Chairman, Group 47

Diana Kurty

62

Principal, Lumina Partners; Director, University of Rochester Medical Center

                                                                                               

                               

Noteworthy Control

Name

Shares of common stock owned

% of total common shares

Mark T. Boyer*  

407,293

8.5%

Eagle Asset Management

368,475

7.7%

Simon F. Nynens 

349,843

7.3%

Survivors Trust u/a Eighth, E&M Shea Revocable

Trust and Descendant's Trust u/a Tenth-E&M Shea Revocable Trust

 

292,191

6.1%

ROI Partners LP

267,568

5.6%

F. Duffield Meyercord

95,875

2.0%

*Mr. Boyer is a former director of the Company and is President and Director of ROI Capital Management       

                                                                                          

[All information for NJ Tech Corner was taken from the company's annual report and proxy statement, with the exception of the company's stock price and valuation.] 

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