Steel Connect Defers Board Feels

Steel Connect, Inc. (NASDAQ: STCN) has announced that it is taking proactive steps to minimize the potential impacts of the Coronavirus (COVID-19) on the company, the company said.

In light of the unprecedented circumstances and the rapidly changing situation concerning the Coronavirus, the board of directors unanimously approved the deferral of all Board Fees through the second quarter of calendar year 2020 and will review continuing this decision quarterly throughout calendar year 2020.

Steel Connect, Inc. is a diversified holding company with two wholly owned subsidiaries, ModusLink Corporation and IWCO Direct, that have market-leading positions in supply chain management and direct marketing.