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December 2020 ) ( Learn how and when to remove this template message ).

It first entered direct marketing in 1972 and began marketing computer equipment in 1981.

It changed its name to Global Directmail in 1995 and to Systemax in 1999.

The defunct CircuitCity.com website was restored after the Systemax purchase.

PEG serves business customers within the North American MRO market.

The SEC alleged that Gilbert Fiorentino, who in addition to serving on the board was the former chief executive of Systemaxs Technology Products Group in Miami, obtained more than 400,000 in extra compensation directly from firms that conducted business with Systemax.

The SEC also alleged Fiorentino of stealing several hundred thousand dollars worth of company merchandise that was used to market Systemaxs products.

Fiorentino failed to disclose his extra compensation and perks to Systemax or its auditors, so that the amounts reported to shareholders were understated.

With Fiorentinos departure, Robert Leeds, Systemaxs founding CEO of the technology division, took over as CEO of Systemaxs technology products group.

Gilbert was also charged with conspiracy to commit securities fraud and impeding the operation of the IRS.

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Global Industrial Systemax Inc.