Item 8.01 Other Events.
On
Repurchases by the Company are subject to available liquidity, general market and economic conditions, alternate uses for the capital and other factors. Share repurchases may be made from time to time through a 10b5-1 trading plan, open market transactions, block trades or in private transactions in accordance with applicable securities laws and regulations and other legal requirements. There is no minimum number of shares that the Company is required to repurchase and the repurchase programs may be suspended or discontinued at any time without prior notice.
Rule 10b5-1 allows a company to purchase its shares at times when it otherwise
might be prevented from doing so under insider trading laws or because of
self-imposed trading blackout periods. Under a 10b5-1 plan, the Company's third
party broker, subject to the rules and regulations of the
Forward Looking Statements
This Current Report on Form 8-K contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These statements can be identified using forward-looking terminology such as "expects," "believes," "estimates," "projects," "intends," "plans," "goal," "seeks," "may," "will," "should," or "anticipates" or the negative or other variations of these or similar words, or by discussions of future events, strategies or risks and uncertainties. Specifically, forward-looking statements include, but are not limited to, statements regarding the amount and timing of the Company's potential share repurchases and the Company's available liquidity, general market and economic conditions.
Such statements are all subject to risks, uncertainties and changes in
circumstances that could significantly affect the Company's future financial
results and business. Accordingly, the Company cautions that the forward-looking
statements contained herein are qualified by important factors that could cause
actual results to differ materially from those reflected by such statements.
Such factors include: the possibility that the Company's repurchase programs may
be suspended or discontinued; economic factors and market conditions and their
impact on the Company's ability to finance and effect share repurchases; and
additional risks and uncertainties described in the Company's Annual Report on
Form 10-K for the year ended
2
--------------------------------------------------------------------------------
© Edgar Online, source