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The Marcus Corp Increases Share Repurchase Program


Tuesday, 8 Jan 2013 01:32pm EST 

The Marcus Corp announced that Board of Directors has authorized the repurchase of up to 3,000,000 additional shares of the Company's outstanding common stock. The repurchases would be executed in the open market, in privately negotiated transactions or pursuant to a Securities and Exchange Commission Rule 10b5-1 plan, depending upon a number of factors including prevailing market conditions. As of December 31, 2012, the Company had 18,480,658 shares of common stock outstanding and 8,773,073 shares of Class B common stock outstanding.The new authorization adds to the company's existing share repurchase program that had approximately 955,000 shares remaining under prior authorizations as of December 31, 2012. The company has repurchased approximately 1.8 million shares in conjunction with the exercise of stock options and the purchase of shares in the open market since June 1, 2012, the beginning of its 2013 fiscal year. 

Latest Developments for Marcus Corp

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18.62
-0.11 -0.59%
19 Dec 2014