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Table of Contents
EXPLANATORY NOTE
Restatement of Consolidated Financial Statements
The filing of this Annual Report on Form 10-K of Tech Data Corporation (“Tech Data,” “we,” “our,” “us,” or the “Company”) for the fiscal year
ended January 31, 2013 was delayed pending the completion of an internal investigation of certain of the Company’s accounting practices.
Concurrently, the Company engaged significant internal and external resources to perform supplemental procedures to assist in reviewing its
financial statements and accounting practices (the "Supplemental Procedures"). The internal investigation and Supplemental Procedures have now
been completed.
In this Annual Report on Form 10-K, we present restated consolidated financial statements and other financial information for certain periods and
as of certain dates, as follows (collectively, the “Restated Periods”):
The Company's Quarterly Reports on Form 10-Q for the first, second, and third quarters of fiscal 2014, which the Company expects to file prior to
February 28, 2014, will include the restatement of previously issued consolidated financial statements and related information. Investors should not
rely on our previously filed reports, earnings releases or similar communications relating to the Restated Periods, or on the unaudited financial
results for the fourth quarter and fiscal year ended January 31, 2013 previously announced and filed in a Current Report on Form 8-K on March 4,
2013. We have not amended any previously filed reports.
For a description of the restatement, see Note 2 of Notes to Consolidated Financial Statements. For more information regarding the restatement and
its effects, refer to Part I, Item 1A, “Risk Factors,” and Item 3, “Legal Proceedings,” Part II, Item 6, “Selected Financial Data,” and Item 7,
“Management's Discussion and Analysis of Financial Condition and Results of Operations,” and Note 16 of Notes to Consolidated Financial
Statements.
For a description of material weaknesses in internal control over financial reporting identified by management and management's plan to remediate
the material weaknesses, see Part II, Item 9A, “Controls and Procedures.”
3
•
Consolidated balance sheet as of January 31, 2012;
• Consolidated statements of income, consolidated statements of comprehensive income, consolidated statements of shareholders’ equity
and consolidated statements of cash flows for the fiscal years ended January 31, 2012 and 2011;
•
Selected financial data as of and for the fiscal years ended January 31, 2012, 2011, 2010 and 2009; and
• Interim financial information for the fiscal 2013 quarters ended October 31, 2012, July 31, 2012 and April 30, 2012 and for each fiscal
quarter of the year ended January 31, 2012.