Strong Working Capital Management and a Solid Financial Position. We have consistently demonstrated strong working capital management regardless of economic conditions. In particular, we have maintained a strong focus on optimizing our investment in inventory, while preserving customer fill rates and service levels. We have maintained our inventory days on hand at a stable range for the last seven years as a result of our focused and sustainable initiatives towards minimizing excess and obsolete goods while improving our purchasing processes and product flow. Furthermore, we continue to manage our accounts receivable through timely collections, credit limit setting, customer terms and process efficiencies to minimize our working capital requirements. Our conservative stance on capital management, as well as our diversified portfolio of capital resources, improves our position in the tighter credit markets. Our financial strength enables us to provide valuable credit to our customers, employing a disciplined approach to account management and credit worthiness. We also believe that we are well-positioned to support our growth initiatives in our IT distribution business and invest in incremental profitable growth opportunities. Finally, we believe our solid financial position provides us with a competitive advantage as a reliable, long-term business partner for our supplier and reseller partners
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EX-10.9 3 a51344exv10w9.htm EXHIBIT 10.9 exv10w9
Exhibit 10.9
SIXTH AMENDMENT TO THE
INGRAM MICRO 401(k) INVESTMENT SAVINGS PLAN
INGRAM MICRO 401(k) INVESTMENT SAVINGS PLAN
The Ingram Micro 401(k) Investment Savings Plan, which was restated as of April 1, 2005, is hereby amended in the following manner in accordance with the amendment procedures set forth in Section 12.1 of the Plan. This Amendment is effective as of the dates specified below.
1. Effective with respect to the Compensation paid, and Before-Tax Contributions and/or After-Tax Contributions made, on or after April 1, 2009, Section 3.2 is amended by revising the first paragraph thereof to read as follows:
The Employer may make a Matching Contribution for each Participant who makes Before-Tax Contributions and/or After-Tax Contributions for the payroll period equal to twenty-five percent (25%) of the Participants Before-Tax Contributions and/or After-Tax Contributions for the payroll period not exceeding five percent (5%) of the Participants Compensation for the payroll period. Matching Contributions shall not be made on account of Catch-Up Contributions.
2. Effective January 1, 2009, Section 3.2 is amended by revising the third paragraph thereof to read as follows:
The Employer shall determine, in its absolute discretion, whether Matching Contributions shall be made for any particular period of time. The Employer is not required to contribute Matching Contributions for any period of time.
IN WITNESS WHEREOF, this Sixth Amendment is executed on the date set forth below.
INGRAM MICRO INC.
By: | /s/ Lynn Jolliffe |
Title: | SVP-HR |
Date: | 02-17-09 |