Envela (NYSE: ELA) board extends share repurchase plan to 2028

Rhea-AI Filing Summary

Envela Corporation disclosed that its Board of Directors has extended the expiration date of its existing stock repurchase plan from March 31, 2026 to March 31, 2028. All other terms and conditions of the plan remain the same.

Under this repurchase plan, Envela is authorized to buy back up to an aggregate of 1,100,000 shares of its common stock through open-market purchases, 10b5-1 plans, privately negotiated transactions, or other methods, in compliance with applicable laws and regulations. Repurchased shares may be retired at the discretion of designated officers.

8-K Event Classification

Item 8.01 — Other Events

1 item

Item 8.01 Other Events Other

Voluntary disclosure of events the company deems important to shareholders but not covered by other items.

Key Figures

Plan expiration (old): March 31, 2026 Plan expiration (new): March 31, 2028 Repurchase authorization: 1,100,000 shares

3 metrics

Plan expiration (old) March 31, 2026 Previous expiration date of stock repurchase plan

Plan expiration (new) March 31, 2028 Extended expiration date of stock repurchase plan

Repurchase authorization 1,100,000 shares Maximum aggregate common shares authorized for repurchase

Key Terms

stock repurchase plan, 10b5-1 plans, open-market purchases, privately negotiated transactions, +1 more

5 terms

stock repurchase plan financial

"the Company’s existing stock repurchase plan (the “Repurchase Plan”)"

A stock repurchase plan is a company’s program to buy back its own shares from the market, reducing the number of shares available to investors. Like a store buying back its own gift cards to raise the value of remaining cards, buybacks can increase each remaining share’s claim on profits and often signal management believes the stock is undervalued or is an efficient way to return cash, which can affect share price and investor returns.

10b5-1 plans regulatory

"Repurchases may be conducted through open-market purchases, 10b5-1 plans, privately negotiated transactions"

A 10b5-1 plan is a prearranged, written schedule that lets company insiders buy or sell shares at set times or under set conditions, designed to avoid accusations of trading on nonpublic information. Think of it like scheduling automatic payments: trades happen according to a plan rather than on impulse. Investors watch these plans because they can provide predictable insider selling or buying signals but can also be structured in ways that mask true motives.

open-market purchases financial

"Repurchases may be conducted through open-market purchases, 10b5-1 plans, privately negotiated transactions"

Open-market purchases are when a company or institution buys its own shares or other securities using the public stock market rather than through a private deal. For investors this matters because such buying reduces the number of shares available, often boosting metrics like earnings per share and signaling management thinks the stock is undervalued, while also using cash that might otherwise fund growth or dividends — like a business buying back chips at the table to increase each remaining player's stake.

privately negotiated transactions financial

"Repurchases may be conducted through open-market purchases, 10b5-1 plans, privately negotiated transactions"

Privately negotiated transactions are deals made directly between parties without involving a public marketplace or open auction. They are like private sales between two individuals rather than items sold at a busy marketplace open to everyone. For investors, these transactions can offer more tailored terms and privacy, but they may also carry different risks and less transparency compared to public exchanges.

Emerging growth company regulatory

"Emerging growth company"

An emerging growth company is a recently public or smaller public firm that qualifies for temporary, lighter regulatory and disclosure rules to reduce the cost and effort of being public. For investors, it means the company may provide less historical financial detail and face fewer reporting requirements than larger firms, so it can grow more quickly but also carries higher uncertainty—like buying a promising early-stage product with fewer user reviews.

Understanding 8-K Material Events →

0000701719false00007017192026-04-092026-04-09

​

​

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

_____________________

FORM 8-K

_____________________

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of report (Date of earliest event reported): April 9, 2026

​

​		​
​	Envela Corporation	​
​	(EXACT NAME OF REGISTRANT AS SPECIFIED IN ITS CHARTER)	​

​

Nevada		1-11048		88-0097334
(State or other jurisdiction of incorporation or organization)		(Commission File Number)		(I.R.S. Employer Identification No.)

​		​
​	1901 Gateway Drive, Suite 100, Irving, Texas 75038	​
​	(ADDRESS OF PRINCIPAL EXECUTIVE OFFICES)	​

​

​	​	​
​	(972) 587-4049	​
​	(REGISTRANT’S TELEPHONE NUMBER, INCLUDING AREA CODE)	​

​		​
​	Not Applicable	​
​	(Former name or former address, if changed since last report)	​

​

​ ​

Securities registered pursuant to Section 12(b) of the Act:

​

​	​	​	​	​
Title of Each Class	​ ​ ​	Trading Symbol	​ ​ ​	Name of Exchange on which Registered
Common Stock, par value $0.01 per share	​	ELA ELA	​	NYSE American NYSE Texas ​

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2.):

☐	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

​

​

​

Item 8.01. Other Events.

​

On April 9, 2026, the Board of Directors of Envela Corporation, a Nevada corporation (the “Company”), authorized the extension of the expiration date of the Company’s existing stock repurchase plan (the “Repurchase Plan”) from March 31, 2026 to March 31, 2028. All other terms and conditions of the Repurchase Plan remain unchanged. Under the Repurchase Plan, the Company is authorized to repurchase up to an aggregate of 1,100,000 shares of the Company’s common stock. Repurchases may be conducted through open-market purchases, 10b5-1 plans, privately negotiated transactions, or other methods as determined by the Company’s Chief Executive Officer and President or Chief Financial Officer (the “Authorized Officers”), at prices and on terms determined by the Authorized Officers, subject to compliance with applicable federal and state securities laws, SEC regulations, applicable exchange listing standards, and the Nevada Revised Statutes. Repurchased shares may be retired, reducing the Company’s capital accounts, at the discretion of the Authorized Officers.

​

2

​

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this Report to be signed on its behalf by the undersigned hereunto duly authorized.

​

	By:	/s/ John R. Loftus
		John R. Loftus
		Chief Executive Officer
Date:  April 9, 2026

​

​

​

3

​

FAQ

What change did Envela (ELA) make to its stock repurchase plan?

Envela extended the expiration of its existing stock repurchase plan from March 31, 2026 to March 31, 2028. All other terms of the plan remain unchanged, including the total number of shares authorized for repurchase and the permitted transaction methods.

How many Envela (ELA) shares can be repurchased under the plan?

The plan authorizes Envela to repurchase up to 1,100,000 shares of its common stock. This cap applies across all repurchase methods allowed under the plan, including open-market purchases, Rule 10b5-1 trading plans, and privately negotiated transactions.

What methods can Envela (ELA) use to repurchase shares?

Envela may repurchase shares via open-market purchases, Rule 10b5-1 plans, privately negotiated transactions, or other methods its authorized officers determine. All repurchases must comply with federal and state securities laws, SEC regulations, exchange listing standards, and Nevada statutes.

Who oversees Envela’s (ELA) stock repurchase decisions?

Repurchase decisions are made by Envela’s Chief Executive Officer and President or its Chief Financial Officer, referred to as the authorized officers. They determine timing, pricing, and terms, subject to applicable securities laws, exchange rules, and Nevada corporate requirements.

What can Envela (ELA) do with shares repurchased under the plan?

Shares repurchased under the plan may be retired at the discretion of the authorized officers. Retiring shares reduces the company’s capital accounts, as permitted under applicable law, rather than holding the shares in treasury or reissuing them later.

Filing Exhibits & Attachments

4 documents

Other Documents

• EX-101 EX-101.SCH 3.7 KB
• EX-101 EX-101.DEF 19.5 KB
• EX-101 EX-101.LAB 15.5 KB
• EX-101 EX-101.PRE 10.2 KB