CNXN · CIK 0001050377
What PC Connection, Inc. told the SEC could break it.
As an IT reseller, PC Connection's risks center on the products and policies upstream of it. It buys a majority of its resale products from a limited number of vendors — its top three, Microsoft (16%), HP (13%) and Dell (12%), were about 41% of 2025 purchases — and the same imported IT goods are exposed to additional duties, tariffs and trade restrictions. It also flagged demand-side government risk in its Public Sector segment (federal contracting rules plus budget cuts and shutdowns) and an operational single point of failure, with a significant share of its core computer and telecom hardware housed in one New Hampshire facility.
4 self-disclosed vulnerabilities, pulled from its own filings, each in the company’s words, with the source. This is the risk register almost nobody reads.
In its own words
What could break it.
Regulatory & policy
- federal government contracting rules & public-sector spending cutsmedium
The Public Sector Solutions segment is subject to federal contracting statutes (False Claims Act, etc.) and is exposed to government budget cuts and shutdowns that reduce demand.
“an adverse change in government spending policies (such as budget cuts or limitations or temporary shutdowns of government operations), shifts in budget priorities or reductions in revenue levels, could cause our Public Sector Solution”
SEC filing →As of 2026 - import duties/tariffs and trade restrictions on IT productsmedium
Additional duties, tariffs, sanctions and trade restrictions on imports/exports could disrupt the supply of IT products the company resells.
“the imposition of additional duties, tariffs and other charges on imports and exports, including any resulting retaliatory tariffs or charges and any reductions in the production of pr”
SEC filing →As of 2026
Geographic concentration
- core IT/telecom hardware in a single New Hampshire facilitymedium
A significant component of the company's computer and telecommunications hardware sits in a single New Hampshire facility — a single-point-of-failure for operations.
“a significant component of our computer and telecommunications hardware is located in a single facility in New Hampshire, and a substantial interruption in our management information systems or in our telephone communication systems”
SEC filing →As of 2026
Supplier concentration
- majority of resale products from a limited number of vendorsmedium
A majority of products for resale come from a limited number of vendors; the top three (Microsoft 16%, HP 13%, Dell 12%) made up ~41% of 2025 purchases, and losing any one would materially affect the business.
“We acquire a majority of our products for resale from a limited number of vendors. The loss of any one of these vendors could have a material adverse effect on our business.”
SEC filing →As of 2026
The hidden graph
Who it depends on, and who depends on it.
Relationships surfaced from filings, including ones disclosed by the other side, which is how the non-obvious ones come to light.
Its suppliers
“Products manufactured by Microsoft Corporation, HP Inc., and Dell Inc. represented approximately 16%, 13%, and 12%, respectively, of our total product purchases in 2025.”
Cited →“Products manufactured by Microsoft Corporation, HP Inc., and Dell Inc. represented approximately 16%, 13%, and 12%, respectively, of our total product purchases in 2025.”
Cited →“Products manufactured by Microsoft Corporation, HP Inc., and Dell Inc. represented approximately 16%, 13%, and 12%, respectively, of our total product purchases in 2025.”
Cited →
In the MyPRIA app, this is checked against the companies you actually own.
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