Item 8.01 Other Events
On January 29, 2020, the Company announced that its Board of Directors approved
a new stock repurchase program. The new stock repurchase program is to be
implemented upon the completion of the Company's current stock repurchase
program. There are 101,211 shares that remained available for repurchased under
the Company's current stock repurchase program. Pursuant to the new stock
repurchase program, the Company may repurchase up to an additional 230,000
shares of its common stock, or approximately 5% of its current outstanding
shares.
A copy of the Company's press release announcing the approval of the new stock
repurchase program is attached as Exhibit 99.1 to this report and incorporated
herein by reference.
Item 9.01 Financial Statements and Exhibits
(a) Financial Statements of Businesses Acquired. Not applicable.
(b) Pro Forma Financial Information. Not applicable.
(c) Shell Company Transactions. Not applicable.
(d) Exhibits.
Exhibit No. Description
99.1 Press Release dated January 29, 2020
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