SCHEDULE 13G/A: Pacer Entities Disclose 1.18% Stake in ScanSource, Inc. via Schedule 13G Amendment

Pacer US Small Cap Cash Cows ETF, Pacer Advisors, Inc., and Joe M. Thomson have jointly filed an amended Schedule 13G, reporting a collective beneficial ownership of 1.18% of ScanSource, Inc.'s common stock.

Summary

• Pacer US Small Cap Cash Cows ETF, Pacer Advisors, Inc., and Joe M. Thomson (collectively, the 'Reporting Persons') have filed an Amendment No. 1 to Schedule 13G regarding their beneficial ownership in ScanSource, Inc.
• The Reporting Persons collectively beneficially own 278,410 shares of ScanSource, Inc. common stock.
• This ownership represents 1.18% of the total class of common stock outstanding.
• The percentage is calculated based on 23,612,543 shares of common stock issued and outstanding as of December 31, 2024, as provided by ScanSource, Inc.
• The shares are held in the ordinary course of business and were not acquired for the purpose of changing or influencing the control of ScanSource, Inc.

Sentiment

Score: 5

Explanation: The sentiment is neutral. This is a routine compliance filing disclosing beneficial ownership, with no positive or negative implications for the company's operations or financial performance. The statement that the shares are held in the ordinary course of business and not for control purposes is a standard, neutral declaration for a 13G.

Positives

• The filing indicates that the shares were acquired and are held in the ordinary course of business, suggesting a routine investment rather than an activist stance.
• The Reporting Persons explicitly state that the shares were not acquired for the purpose of changing or influencing the control of the issuer, which can provide stability to the company's governance.

Risks

• The document does not detail specific risks related to ScanSource, Inc. or the investment itself, as it is a beneficial ownership disclosure.

Future Outlook

The document does not contain any forward-looking statements or guidance regarding ScanSource, Inc.'s future performance or the Reporting Persons' investment strategy beyond the routine nature of their holdings.

Management Comments

• "By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under §§ 240.14a-11."

Industry Context

This filing represents a routine disclosure of passive institutional ownership, common in the financial industry where investment funds and advisors hold stakes in publicly traded companies for portfolio management purposes. It reflects a standard compliance requirement for investors holding less than 5% of a company's outstanding shares without an intent to influence control.

Stakeholder Impact

• Shareholders: Provides transparency regarding a passive institutional investor's stake in the company, confirming a stable, non-activist ownership position.
• Management: Reassures management that this specific ownership is not intended to influence control, allowing them to focus on current strategic plans.

Key Dates

Keywords

ScanSource, Pacer US Small Cap Cash Cows ETF, Pacer Advisors, Joe M. Thomson, Schedule 13G, Beneficial Ownership, Common Stock, SEC Filing, Investment, Institutional Ownership