PART I TABLE OF CONTENTS Page PART II PART III PART IV ITEM 1. Business ******************************************************* 1 ITEM 2. Properties ****************************************************** 4 ITEM 3. Legal Proceedings *********************************************** 5 ITEM 4. Submission of Matters to a Vote of Security Holders ***************** 5 ITEM 4A. Executive Officers of the Registrant ******************************** 5 ITEM 5. Market for Registrant’s Common Equity and Related Shareholder Matters ******************************************************** 7 ITEM 6. Selected Consolidated Financial and Operating Data ***************** 8 ITEM 7. Management’s Discussion and Analysis of Financial Condition and Results of Operations ******************************************** 9 ITEM 7A. Quantitative and Qualitative Disclosures about Market Risk *********** 18 ITEM 8. Financial Statements and Supplementary Data ********************** 19 ITEM 9. Changes in and Disagreements with Accountants on Accounting and Financial Disclosure ********************************************** 19 ITEM 10. Directors and Executive Officers of the Registrant ******************* 19 ITEM 11. Executive Compensation ****************************************** 19 ITEM 12. Security Ownership of Certain Beneficial Owners and Management and Related Shareholder Matters ************************************** 19 ITEM 13. Certain Relationships and Related Transactions ********************* 19 ITEM 14. Controls and Procedures ***************************************** 19 ITEM 15. Exhibits, Financial Statement Schedules and Reports on Form 8-K ***** 20 SIGNATURES ************************************************************** 21 CERTIFICATION OF THE CHIEF EXECUTIVE OFFICER ***************************** 22 CERTIFICATION OF THE CHIEF FINANCIAL OFFICER ***************************** 23 PIONEER-STANDARD ELECTRONICS, INC. ANNUAL REPORT ON FORM 10-K Year Ended March 31, 2003