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Quotes & Info
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| RMD > SEC Filings for RMD > Form 8-K on 4-Jun-2009 | All Recent SEC Filings |
4-Jun-2009
Other Events
On May 29, 2009, our Board of Directors approved a new share repurchase program, authorizing us to acquire up to an aggregate of 10 million shares of ResMed Inc. common stock. The program allows us to repurchase shares of our common stock from time to time for cash in the open market, or in negotiated or block transactions, as market and business conditions warrant. As of May 29, the 10 million authorization amount represented approximately 13% of ResMed's outstanding common stock, excluding treasury shares we already hold.
This program cancels and replaces our previous share repurchase program, and the 10 million shares the new program authorizes us to purchase are in addition to the shares we repurchased under our previous program. There is no expiration date for this program. All share repurchases after May 29 will be executed in accordance with this program, subject to future authorizations, if any. The shares repurchased will be classified as treasury stock pending future use.
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