Key Developments For Books-A-Million, Inc.
Books-A-Million, Inc. (BAMM.O) (Nasdaq)
Books-A-Million, Inc. Announces Management Promotions; Declares Dividend of $0.05 Per Share
Books-A-Million, Inc. announced that Douglas Markham has been promoted to the newly created position of Executive Vice President/Chief Administrative Officer in charge of the Company's Warehouse Operations, Information Technology and Human Resources, as well as the oversight of the Company's finance function. Brian W. White will succeed Mr. Markham as Chief Financial Officer. The Company also announced that Clyde B. Anderson has assumed the duties of President of the Company in addition to his current positions as Chairman and Chief Executive Officer. The Company also announced that its Board of Directors has approved a quarterly cash dividend of $0.05 per share. The quarterly dividend will be paid on September 17, 2009, to stockholders of record at the close of business on September 3, 2009.
Books-A-Million, Inc. Declares Dividend of $0.05 Per Share
Books-A-Million, Inc. announced that it has approved a quarterly cash dividend of $0.05 per share. The quarterly dividend will be paid on June 18, 2009, to stockholders of record at the close of business on June 5, 2009.
Books-A-Million, Inc. Announces Share Repurchase Program
Books-A-Million, Inc. announced that its Board of Directors has authorized a program to repurchase up to $5 million in shares of its common stock. This program replaces a previous program to repurchase up to $5 million of its common stock that began in March 2008 and was set to expire on April 30, 2009, pursuant to which the Company repurchased $1.8 million of its common stock. Stock may be purchased in the open market or through private transactions from time to time through April 30, 2010, dependent upon market conditions. The plan does not obligate the Company to repurchase any specific number of shares and may be suspended at any time at management's discretion. The Company currently has 15.6 million shares of common stock outstanding.
Books-A-Million, Inc. Declares Dividend
Books-A-Million, Inc. announced that its Board of Directors has approved a quarterly cash dividend of $0.05 per share. The quarterly dividend will be paid on April 16, 2009, to stockholders of record at the close of business on April 2, 2009.
Books-A-Million, Inc. Announces Management Change; Reappoints Anderson As Chief Executive Officer
Books-A-Million, Inc. announced that Sandra B. Cochran has resigned from her position of President, Chief Executive Officer and Director to accept a position with Cracker Barrel Old Country Store, Inc. Clyde B. Anderson will continue as the Company's Chairman and will become the Company's Chief Executive Officer.
