SEC Filings Section 16 Filings Only   PFSWEB INC filed this 10-K on 03/31/2003. Click on link to view section or document 1. Entire Document including Exhibit(s) 2. 10-K - FORM 10-K PAGE: 1 - UNITED STATES SECURITIES AND EXCHANGE COMMISSION PAGE: 2 - Item 1. Business....................................................................... 1 PAGE: 3 - ITEM 1. BUSINESS PAGE: 4 - PAGE: 5 - INDUSTRY OVERVIEW PAGE: 6 - GOVERNMENT OUTSOURCING TREND PAGE: 7 - OUTSOURCING TREND PAGE: 8 - THE PFSWEB SOLUTION PAGE: 9 - PFSWEB SERVICES PAGE: 10 - PAGE: 11 - PAGE: 12 - PAGE: 13 - CLIENTS AND MARKETING PAGE: 14 - TECHNOLOGY PAGE: 15 - COMPETITION PAGE: 16 - EMPLOYEES PAGE: 17 - SPIN-OFF OF PFSWEB FROM DAISYTEK PAGE: 18 - INITIAL PUBLIC OFFERING AND DISTRIBUTION AGREEMENT PAGE: 19 - TAX MATTERS PAGE: 20 - TRANSACTION MANAGEMENT SERVICES AGREEMENT PAGE: 21 - SALE OF ASSETS TO DAISYTEK PAGE: 22 - PAGE: 23 - PAGE: 24 - PAGE: 25 - PAGE: 26 - RISKS RELATED TO DAISYTEK PAGE: 27 - RISKS RELATED TO OUR STOCK PAGE: 28 - ITEM 2. PROPERTIES PAGE: 29 - ITEM 5. MARKET FOR REGISTRANT'S COMMON EQUITY AND RELATED STOCKHOLDER MATTERS PAGE: 30 - PAGE: 31 - ITEM 7. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS PAGE: 32 - HISTORICAL FINANCIAL PRESENTATION PAGE: 33 - PAGE: 34 - RESULTS OF OPERATIONS PAGE: 35 - PAGE: 36 - PAGE: 37 - PAGE: 38 - SUPPLIES DISTRIBUTORS PAGE: 39 - PAGE: 40 - PAGE: 41 - LIQUIDITY AND CAPITAL RESOURCES PAGE: 42 - PAGE: 43 - INVENTORY MANAGEMENT PAGE: 44 - SEASONALITY PAGE: 45 - CRITICAL ACCOUNTING POLICIES PAGE: 46 - INVENTORIES PAGE: 47 - ITEM 7A. QUANTITATIVE AND QUALITATIVE DISCLOSURE ABOUT MARKET RISK PAGE: 48 - ITEM 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA PAGE: 49 - INDEPENDENT AUDITORS' REPORT PAGE: 50 - CONSOLIDATED BALANCE SHEETS PAGE: 51 - CONSOLIDATED STATEMENTS OF OPERATIONS PAGE: 52 - CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY AND COMPREHENSIVE LOSS PAGE: 53 - CONSOLIDATED STATEMENTS OF CASH FLOWS PAGE: 54 - NOTES TO CONSOLIDATED FINANCIAL STATEMENTS PAGE: 55 - NOTES TO CONSOLIDATED FINANCIAL STATEMENTS - (CONTINUED) PAGE: 56 - NOTES TO CONSOLIDATED FINANCIAL STATEMENTS - (CONTINUED) PAGE: 57 - NOTES TO CONSOLIDATED FINANCIAL STATEMENTS - (CONTINUED) PAGE: 58 - NOTES TO CONSOLIDATED FINANCIAL STATEMENTS - (CONTINUED) PAGE: 59 - NOTES TO CONSOLIDATED FINANCIAL STATEMENTS - (CONTINUED) PAGE: 60 - NOTES TO CONSOLIDATED FINANCIAL STATEMENTS - (CONTINUED) PAGE: 61 - NOTES TO CONSOLIDATED FINANCIAL STATEMENTS - (CONTINUED) PAGE: 62 - NOTES TO CONSOLIDATED FINANCIAL STATEMENTS - (CONTINUED) PAGE: 63 - NOTES TO CONSOLIDATED FINANCIAL STATEMENTS - (CONTINUED) PAGE: 64 - NOTES TO CONSOLIDATED FINANCIAL STATEMENTS - (CONTINUED) PAGE: 65 - NOTES TO CONSOLIDATED FINANCIAL STATEMENTS - (CONTINUED) PAGE: 66 - NOTES TO CONSOLIDATED FINANCIAL STATEMENTS - (CONTINUED) PAGE: 67 - NOTES TO CONSOLIDATED FINANCIAL STATEMENTS - (CONTINUED) PAGE: 68 - NOTES TO CONSOLIDATED FINANCIAL STATEMENTS - (CONTINUED) PAGE: 69 - NOTES TO CONSOLIDATED FINANCIAL STATEMENTS - (CONTINUED) PAGE: 70 - NOTES TO CONSOLIDATED FINANCIAL STATEMENTS - (CONTINUED) PAGE: 71 - NOTES TO CONSOLIDATED FINANCIAL STATEMENTS - (CONTINUED) PAGE: 72 - NOTES TO CONSOLIDATED FINANCIAL STATEMENTS - (CONTINUED) PAGE: 73 - NOTES TO CONSOLIDATED FINANCIAL STATEMENTS - (CONTINUED) PAGE: 74 - NOTES TO CONSOLIDATED FINANCIAL STATEMENTS - (CONTINUED) PAGE: 75 - NOTES TO CONSOLIDATED FINANCIAL STATEMENTS - (CONTINUED) PAGE: 76 - NOTES TO CONSOLIDATED FINANCIAL STATEMENTS - (CONTINUED) PAGE: 77 - NOTES TO CONSOLIDATED FINANCIAL STATEMENTS - (CONTINUED) PAGE: 78 - NOTES TO CONSOLIDATED FINANCIAL STATEMENTS - (CONTINUED) PAGE: 79 - INDEPENDENT AUDITORS' REPORT PAGE: 80 - CONSOLIDATED BALANCE SHEETS PAGE: 81 - CONSOLIDATED STATEMENTS OF OPERATIONS PAGE: 82 - PAGE: 83 - CONSOLIDATED STATEMENTS OF CASH FLOWS PAGE: 84 - NOTES TO CONSOLIDATED FINANCIAL STATEMENTS PAGE: 85 - NOTES TO CONSOLIDATED FINANCIAL STATEMENTS - (CONTINUED) PAGE: 86 - NOTES TO CONSOLIDATED FINANCIAL STATEMENTS - (CONTINUED) PAGE: 87 - NOTES TO CONSOLIDATED FINANCIAL STATEMENTS - (CONTINUED) PAGE: 88 - NOTES TO CONSOLIDATED FINANCIAL STATEMENTS - (CONTINUED) PAGE: 89 - NOTES TO CONSOLIDATED FINANCIAL STATEMENTS - (CONTINUED) PAGE: 90 - NOTES TO CONSOLIDATED FINANCIAL STATEMENTS - (CONTINUED) PAGE: 91 - NOTES TO CONSOLIDATED FINANCIAL STATEMENTS - (CONTINUED) PAGE: 92 - NOTES TO CONSOLIDATED FINANCIAL STATEMENTS - (CONTINUED) PAGE: 93 - NOTES TO CONSOLIDATED FINANCIAL STATEMENTS - (CONTINUED) PAGE: 94 - NOTES TO CONSOLIDATED FINANCIAL STATEMENTS - (CONTINUED) PAGE: 95 - NOTES TO CONSOLIDATED FINANCIAL STATEMENTS - (CONTINUED) PAGE: 96 - ITEM 9. CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND PAGE: 97 - ITEM 15. EXHIBITS, FINANCIAL STATEMENT SCHEDULES AND REPORTS ON FORM 8-K PAGE: 98 - PAGE: 99 - PAGE: 100 - SCHEDULE II PAGE: 101 - SIGNATURES PAGE: 102 - PAGE: 103 - 3. EX-10.26 - AMENDMENT TO AGREEMENT FOR INVENTORY FINANCING PAGE: 1 - EXHIBIT 10.26 PAGE: 2 - PAGE: 3 - PAGE: 4 - PAGE: 5 - SECTION 3. CONSENT. IBM Credit consents to the Proposed Acquisition subject to PAGE: 6 - SECTION 9. COUNTERPARTS. This Amendment may be executed in any number of 4. EX-10.27 - AMENDMENT TO AMENDED/RESTATED PLATINUM PLAN AGRMT PAGE: 1 - EXHIBIT 10.27 PAGE: 2 - SECTION 3. CONSENT. IBM GF consents to the Proposed Acquisition subject to the PAGE: 3 - SECTION 5.2 VIOLATION OF OTHER AGREEMENTS. The execution and delivery of this 5. EX-10.28 - AMENDED/RESTATED NOTES PAYABLE SUBORDINATION AGRMT PAGE: 1 - EXHIBIT 10.28 PAGE: 2 - PAGE: 3 - IBM CREDIT CORPORATION 6. EX-10.29 - AMENDMENT TO FACTORING AGREEMENT PAGE: 1 - EXHIBIT 10.29 PAGE: 2 - Section 7. MAXIMUM CREDIT FACILITY: 7.500.000 EUR 7. EX-23.1 - CONSENT OF KPMG LLP PAGE: 1 - EXHIBIT 23.1 8. EX-99.1 - CERTIFICATION OF THE CHIEF EXECUTIVE OFFICER PAGE: 1 - EXHIBIT 99.1 9. EX-99.2 - CERTIFICATION OF THE CHIEF FINANCIAL OFFICER PAGE: 1 - EXHIBIT 99.2