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ClearOne Inc Authorizes Stock Buy-Back


Thursday, 21 Feb 2013 04:20pm EST 

ClearOne Inc announced that the Company's Board of Directors has approved an increase in the Company's stock repurchase program from $3.0 million to $10.0 million of its outstanding shares of common stock. Under the initial program implemented May 16, 2012, ClearOne was authorized to repurchase up to $2 million of its outstanding shares of common stock from time to time over a twelve-month period. On July 30, 2012, the Board of Directors increased the amount approved for repurchase from $2.0 million to $3.0 million. The Board approval on February 20, 2013 increases the amount the Company may repurchase from $3.0 million to $10.0 million in open market or privately negotiated transactions depending on prevailing market conditions and other factors. All purchases will be executed in accordance with applicable federal securities laws. 

Company Quote

9.92
0.02 +0.20%
22 Jul 2014