Summary
TASER International (now Axon Enterprise, Inc.) announced on March 3, 2011, that its Board of Directors has authorized a stock repurchase program. This program allows the company to buy back up to $12.5 million of its common stock. The repurchases will be conducted subject to prevailing stock market conditions and other corporate considerations. This initiative signals management's confidence in the company's valuation and its commitment to returning value to shareholders.
Key Highlights
- 1TASER International authorized a stock repurchase program valued at up to $12.5 million.
- 2The company may repurchase its common stock under this program.
- 3The buyback is subject to market conditions and corporate considerations.
- 4This announcement was made on March 3, 2011, via an 8-K filing.
- 5The press release detailing the buyback is included as an exhibit.
- 6The repurchase program indicates potential management belief that the stock is undervalued.