[8-K] Distribution Solutions Group, Inc. Reports Material Event
Distribution Solutions Group, Inc. increased its share repurchase authorization to $67.5 million, adding an extra $30 million to its existing buyback program for common stock. The company reports that approximately $32.9 million remains available for repurchases under the current Board-authorized plan. Purchases may be made at management’s discretion in open market or privately negotiated transactions and by other methods allowed under securities laws. The program has no set expiration date and may be changed, suspended, or discontinued by the Board at any time.
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Insights
DSGR expanded its buyback authorization to $67.5M, leaving $32.9M available.
Distribution Solutions Group has raised its common stock repurchase capacity by
The program allows repurchases in open market and privately negotiated deals, which gives management flexibility in how it executes transactions. Activity will depend on market conditions and internal capital priorities, since the Board can change, suspend, or discontinue the program and there is no specified expiration date in the disclosure.
While the expanded authorization is notable in size, its actual effect on share count and per-share metrics will depend on the pace and pricing of any future repurchases disclosed in subsequent company reports.
FAQ
What did DSGR announce in its latest 8-K filing about share repurchases?
Distribution Solutions Group, Inc. announced that its Board authorized an increase to the existing share repurchase program, bringing total authorization for common stock repurchases to $67.5 million.
How much additional share repurchase authorization did DSGR approve?
The Board approved an additional $30 million in share repurchase authorization for Distribution Solutions Group, Inc.’s common stock.
How much capacity remains under DSGR’s current share repurchase program?
After the increase, there is approximately $32.9 million remaining under Distribution Solutions Group, Inc.’s current Board-authorized common stock repurchase plan.
What is the total size of DSGR’s share repurchase authorization?
The aggregate authorization under Distribution Solutions Group, Inc.’s share repurchase program increased from $37.5 million to $67.5 million in common stock.
How can DSGR execute share repurchases under the program?
Repurchases of DSGR common stock may be made at management’s discretion, within Board-set parameters, in open market transactions, privately negotiated transactions, or by other methods permitted under applicable securities laws.
Does DSGR’s share repurchase program have an expiration date or can it be changed?
The share repurchase program has no specified expiration date, and the Board may change, suspend, or discontinue it at any time.