ScanSource (SCSC) trims board to seven as Peter Browning retires
Rhea-AI Filing Summary
ScanSource, Inc. reported that Peter C. Browning, a director since 2014 and former Lead Independent Director, retired from its Board of Directors effective August 12, 2026. The company states that this transition is not due to any disagreement between Browning and ScanSource. Following his retirement, the Board size decreased to seven members.
The company highlights Browning’s prior service as Lead Independent Director from February 2019 to January 2026 and includes statements from Browning, Chair and CEO Mike Baur, and current Lead Independent Director Charlie Mathis recognizing his leadership and governance contributions. ScanSource reiterates its role as a technology distributor serving channel sales partners across hardware, SaaS, connectivity and cloud services.
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8-K Event Classification
2 items: 5.02, 9.01
2 items
Item 5.02
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers
Governance
Key personnel changes including departures, elections, or appointments of directors and executive officers.
Item 9.01
Financial Statements and Exhibits
Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
Key Figures
Board size after retirement: 7 members
Director service start year: 2014
Lead Independent Director tenure: February 2019 to January 2026
+5 more
8 metrics
Board size after retirement
7 members
Board reduced in size to seven seats upon Peter Browning’s retirement
Director service start year
2014
Year Peter C. Browning began serving on ScanSource’s Board of Directors
Lead Independent Director tenure
February 2019 to January 2026
Period Browning served as Lead Independent Director
Retirement effective date
August 12, 2026
Date Peter C. Browning retired from the Board of Directors
Year founded
1992
Year ScanSource, Inc. was founded
Fortune 1000 rank
#923
ScanSource’s position on the Fortune 1000 list
Recognition year
2025
Named one of the 2025 Best Places to Work in South Carolina
Most Admired Companies list year
2026
Included on the Fortune World’s Most Admired Companies 2026 List
Key Terms
Lead Independent Director, corporate governance, Inline XBRL, Fortune 1000, +1 more
5 terms
Lead Independent Director regulatory
"previously as Lead Independent Director from February 2019 to January 2026"
A lead independent director is a board member who is not part of company management and is chosen to coordinate and represent the other independent directors, often running sessions without the CEO, helping set meeting agendas, and serving as a liaison between shareholders and the board. For investors, this role signals stronger, more balanced oversight—like a neutral referee who helps ensure decisions are fair, transparent and focused on protecting shareholder interests.
corporate governance regulatory
"His insight and guidance have helped strengthen our Board and advance our corporate governance"
Corporate governance is the system of rules, roles and oversight that determines how a company is directed and controlled, including the responsibilities of its board, executives and shareholders. Like the steering wheel and map for a car trip, it shapes decisions, sets checks on power and defines who can hold leaders accountable; strong governance reduces risk, builds trust and helps investors judge whether a company is likely to protect capital and deliver reliable returns.
Inline XBRL technical
"Cover Page Interactive Data File (embedded within the Inline XBRL document)"
Inline XBRL is a file format for financial filings that embeds machine-readable data tags directly inside the human-readable report, so the same document can be read by people and parsed by software. For investors it makes extracting, comparing and verifying financial numbers faster and more reliable—like a grocery list where each item also has a barcode—reducing manual errors and speeding up analysis.
Fortune 1000 financial
"ScanSource ranks #923 on the Fortune 1000"
A Fortune 1000 list ranks the 1,000 largest U.S. companies by annual revenue, creating a single, comparable leaderboard of the biggest businesses. Investors watch it because inclusion signals scale, market reach and financial resources—like a company making a major-league roster—which can suggest steadier cash flows, easier access to capital and stronger competitive influence that affect a stock’s stability and growth potential.
World’s Most Admired Companies market
"on the Fortune World’s Most Admired Companies 2026 List"
FAQ
What board change did ScanSource (SCSC) announce on August 11–12, 2026?
ScanSource announced that Peter C. Browning retired from its Board of Directors effective August 12, 2026. Browning had served as a director since 2014 and previously as Lead Independent Director from February 2019 to January 2026.
Did Peter Browning’s retirement from ScanSource (SCSC) involve any disagreement with the company?
The company states Browning’s retirement is not a result of any disagreement with ScanSource. The announcement frames the transition as a normal board change, with leadership thanking him for his governance and strategic contributions.
What is the size of ScanSource’s (SCSC) Board of Directors after Peter Browning’s retirement?
After Browning’s retirement, the ScanSource Board of Directors consists of seven members. The Board was explicitly reduced in size to seven seats upon his departure, reflecting one fewer director position on the Board.
What board roles has Peter Browning held at ScanSource (SCSC)?
Peter Browning served as a director since 2014 and as Lead Independent Director from February 2019 to January 2026. The company credits his leadership and counsel with strengthening its Board and corporate governance practices.
How does ScanSource (SCSC) describe its business in this announcement?
ScanSource describes itself as a leading technology distributor focused on complex, converging technologies. It supports channel sales partners across hardware, SaaS, connectivity and cloud services using multiple sales models and solutions from leading technology suppliers.
What recognition and rankings does ScanSource (SCSC) highlight in the disclosure?
ScanSource notes it was named one of the 2025 Best Places to Work in South Carolina and appears on the Fortune World’s Most Admired Companies 2026 List. It also states it ranks #923 on the Fortune 1000 list.
AI-generated analysis. How Rhea-AI works. Not financial advice.
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): August 11, 2026
(Exact name of registrant as specified in its charter)
| (State or other jurisdiction of incorporation) | (Commission File Number) | (IRS Employer Identification No.) | ||||||||||||
(Address of principal executive offices, including zip code)
(Registrant’s telephone number, including area code)
| Title of Each Class | Trading Symbol | Name of Each Exchange on Which Registered | ||||||||||||
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
| Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) | |||||
| Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) | |||||
| Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) | |||||
| Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) | |||||
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 or Rule 12b-2 of the Securities Exchange Act of 1934.
| Emerging growth company | |||||
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On August 11, 2026, Peter C. Browning, who has served on the Company's Board of Directors (the "Board") since 2014, notified the Board of his retirement from the Board as of August 12, 2026. Upon Mr. Browning’s retirement, the Board decreased in size to seven seats. This transition is not a result of any disagreement between Mr. Browning and the Company.
The full text of the press release announcing Mr. Browning’s retirement is furnished as Exhibit 99.1 to this report and shall not be deemed "filed" for purposes of Section 18 of the Exchange Act or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any other filing under the Securities Act of 1933 or the Exchange Act.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits
| Exhibit Number | Description | ||||
| 99.1 | Press release | ||||
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) | ||||
SIGNATURES
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.
| ScanSource, Inc. | |||||||||||||||||||||||
| Date: | August 17, 2026 | /s/ MICHAEL L. BAUR | |||||||||||||||||||||
| Michael L. Baur | |||||||||||||||||||||||
| President & Chief Executive Officer | |||||||||||||||||||||||
August 17, 2026
Press Contact:
Natalyn Klump
Natalyn.Klump@scansource.com
Natalyn Klump
Natalyn.Klump@scansource.com
ScanSource Announces Retirement of Peter Browning from Board of Directors
GREENVILLE, SC — ScanSource, Inc. (NASDAQ: SCSC), a leading technology distributor uniquely positioned to address complex, converging technologies, today announced the retirement of Peter C. Browning from its Board of Directors. Browning, who has served as Director of ScanSource since 2014 and previously as Lead Independent Director from February 2019 to January 2026, retired from the Board on August 12, 2026.
“I am grateful for the opportunity to have served on the ScanSource Board and work alongside such a talented group of directors and leaders,” said Browning. “It has been a privilege to contribute to the Company’s growth and governance. I have great confidence in ScanSource’s future and look forward to seeing its continued success in the years ahead.”
“On behalf of ScanSource, I want to thank Peter for his exceptional leadership, expertise, especially servicing as our Lead Independent Director for many years,” said Mike Baur, Chair and CEO, ScanSource, Inc. “We are grateful for his many contributions to ScanSource. His insight and guidance have helped strengthen our Board and advance our corporate governance. All of us here at ScanSource thank Peter for his dedication and service. We will greatly miss him.”
“Peter’s expertise and thoughtful counsel have been instrumental to ScanSource,” said Charlie Mathis, Lead Independent Director, ScanSource, Inc. “His contributions have left a lasting impact on the organization and the broader governance community.”
With Browning’s retirement, the ScanSource Board of Directors will consist of seven members.
About ScanSource, Inc.
ScanSource, Inc. (NASDAQ: SCSC) is a leading technology distributor uniquely positioned to address complex, converging technologies and to accelerate growth for channel sales partners across hardware, software as a service (SaaS), connectivity and cloud services. ScanSource enables channel sales partners to deliver converging solutions for their end users. ScanSource uses multiple sales models to offer technology solutions from leading suppliers of specialty technologies, connectivity and cloud services. Founded in 1992 and headquartered in Greenville, South Carolina, ScanSource was named one of the 2025 Best Places to Work in South Carolina and on the Fortune World’s Most Admired Companies 2026 List. ScanSource ranks #923 on the Fortune 1000. For more information, visit www.scansource.com.