Summary
This 8-K filing from TASER International (now Axon Enterprise, Inc.) on November 16, 2011, reports an amendment to the company's previously established stock trading plan, originally adopted on August 16, 2011, under Rule 10b5-1. The primary purpose of this amendment was to adapt to changing market conditions while continuing the share repurchase program. The total authorized repurchase amount under the plan remains $20,000,000. As of the filing date, the company had already repurchased approximately $19,332,000 worth of its stock, leaving a remaining authorized repurchase amount of $668,000. The company expected to recommence trading under the amended plan on November 28, 2011, with an anticipated completion of all remaining repurchases by December 31, 2011.
Key Highlights
- 1Amendment to existing Rule 10b5-1 stock trading plan due to market condition changes.
- 2Total authorized repurchase amount under the plan remains $20,000,000.
- 3Approximately $19,332,000 of stock had been repurchased as of the filing date.
- 4$668,000 in repurchase authority remained available.
- 5Resumption of trading under the amended plan was expected on November 28, 2011.
- 6Completion of all remaining repurchases was projected by December 31, 2011.