01 Mar Rocky Brands Announces Share Repurchase Program
Rocky Brands Inc. announced that its board of directors has approved a share repurchase program of up to $7.5 million of the company’s outstanding common stock, no par value per share. The share repurchase program is expected to be completed over the next 12 months.
Repurchases under the company’s new program will be made in open market or privately negotiated transactions in compliance with Securities and Exchange Commission Rule 10b-18, subject to market conditions, applicable legal requirements, and other relevant factors. This share repurchase plan does not obligate the company to acquire any particular amount of common stock, and it may be suspended at any time at the company’s discretion. The company had approximately 7.6 million shares of common stock outstanding as of February 29, 2016.