Franklin Covey Co. (NYSE:FC) announces a share repurchase program. Under the program, the company will repurchase up to $10 million worth of its outstanding shares.

The company may use available cash to make the purchases so long as it has access to debt financing of at least $10 million. The actual timing, number, and value of common shares repurchased under the plan will be determined by the management in its discretion and will depend on a number of factors, including, among others, general market and business conditions, the trading price of common shares, and applicable legal requirements. The company has no obligation to repurchase any common shares under the authorization, and the repurchase plan may be suspended, discontinued, or modified at any time for any reason.

The program does not have an expiration date.