Item 8.01 Other Events
On
The Board also authorized the Company to enter into written trading plans under
Rule 10b5-1 of the Exchange Act. Adopting a trading plan that satisfies the
conditions of Rule 10b5-1 allows a company to repurchase its shares at times
when it might otherwise be prevented from doing so due to self-imposed trading
blackout periods or pursuant to insider trading laws. Under any Rule 10b5-1
trading plan, the Company's third-party broker, subject to
The Company cannot predict when or if it will repurchase any shares of class A
common stock as such stock repurchase program will depend on a number of
factors, including constraints specified in any Rule 10b5-1 trading plans,
price, general business and market conditions, and alternative investment
opportunities. Information regarding the share repurchases will be available in
the Company's periodic reports on Form 10-Q and 10-K filed with the
This report contains forward-looking information, as that term is defined under the Exchange Act, including information regarding purchases by the Company of its class A common stock pursuant to any Rule 10b5-1 trading plans. By their nature, forward-looking information and statements are subject to risks, uncertainties and contingencies, including changes in price and volume and the volatility of the Company's class A common stock; adverse developments affecting either or both of prices and trading of securities and unexpected or otherwise unplanned or alternative requirements with respect to the capital investments of the Company. The Company does not undertake to update any forward-looking statements or information, including those contained in this report.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
99.1 Press release, dated
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