Item 8.01 Other Events
On
The trading plan will include purchases in the total amount of
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. A broker selected by the Company will have the authority under the terms and limitations specified in the plan to repurchase shares on the Company's behalf in accordance with the terms of the plan. After the expiration of the current trading plan, the Company may from time to time enter into subsequent trading plans under Rule 10b5-1 to facilitate the repurchase of its common stock pursuant to its share repurchase program.
Information regarding 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 common stock pursuant to a 10b5-1 trading plan. 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 common stock; adverse developments affecting either or both of
prices and trading of exchange-traded securities, including securities listed on
the
--------------------------------------------------------------------------------
© Edgar Online, source