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SED CEO Joins Board

Tucker, Ga. – SED International, the global distributor of IT, CE, wireless and small appliance products, has added president/CEO Jonathan Elster to its board.

His addition, by unanimous vote, expands the SED board to nine directors.

In other SED news, the company’s board also voted to extend the term of its stock repurchase plan for another six months and earmarked an additional $50,000 for the program, which allowed SED to acquire up to $100,000 of its common stock in the open market. To date, the company has repurchased a total number of 12,433 shares under the plan at an average price of $1.76 per share.