[8-K] SCI Engineered Materials, Inc. Reports Material Event
SCI Engineered Materials, Inc. authorized a share repurchase program of up to
- None.
- None.
Insights
SCI Engineered Materials approved up to
SCI Engineered Materials has introduced a share repurchase program authorizing buybacks of up to
The authorization is explicitly discretionary: the board is not obligated to repurchase any particular number of shares and may modify, suspend, or terminate the program at any time without prior notice. This means actual buyback activity will depend on management’s ongoing assessment of market conditions, capital needs, and other corporate priorities.
Caldwell Sutter Capital, Inc. will act as the Company’s agent in executing purchases, which can help ensure transactions are conducted within Rule 10b-18 parameters. Future disclosures in company communications or periodic reports would indicate the amount of capital ultimately deployed under this authorization and the number of shares repurchased.
FAQ
What did SCI Engineered Materials (SCIA) announce in this Form 8-K?
SCI Engineered Materials, Inc. announced that its Board of Directors authorized a share repurchase program for up to
How large is the SCI Engineered Materials (SCIA) stock repurchase program?
The program authorizes SCI Engineered Materials to repurchase up to
When does the SCI Engineered Materials (SCIA) share repurchase program begin and how long does it last?
The share repurchase program is authorized for up to one year beginning on
Under what rules will SCI Engineered Materials (SCIA) conduct its share repurchases?
Repurchases will be carried out in accordance with SEC Rule 10b-18 under the Securities Exchange Act of 1934, which may include open-market purchases and block trades.
Is SCI Engineered Materials required to repurchase a set number of shares under this program?
No. The authorization does not obligate the Company to repurchase any specific number of shares and may be modified, suspended, or terminated at any time without prior notice.
Who will execute the share repurchases for SCI Engineered Materials (SCIA)?
SCI Engineered Materials will utilize Caldwell Sutter Capital, Inc. to act as its agent in repurchasing shares of common stock under the program.