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| LAB > SEC Filings for LAB > Form 8-K on 21-Jul-2009 | All Recent SEC Filings |
21-Jul-2009
Results of Operations and Financial Condition, Other Events, Financial Stateme
On July 21, 2009, LaBranche & Co Inc. (the "Company") issued a press release announcing its results for the second quarter and first six months of 2009. A copy of this press release is furnished herewith as Exhibit 99.1.
The information in this Current Report, including the news release attached hereto, is being furnished pursuant to Item 2.02 of Form 8-K and shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934 or otherwise subject to liabilities of that Section.
On July 21, 2009, the Company announced that its Board of Directors has increased the $40.0 million share repurchase program previously announced by the Company on April 22, 2008 by $25.0 million, making the total authorization under the share repurchase program $65.0 million. Following this increase and repurchases made to date under the repurchase plan, approximately $29.5 million in shares of common stock may be repurchased under the repurchase plan. The repurchase program may be implemented from time to time in the open market, in privately negotiated transactions or otherwise, in compliance with applicable state and federal securities laws. The timing and amounts of any purchases will be based on market conditions and other factors, including price, regulatory requirements, debt covenant compliance and capital availability. The share repurchase program may be suspended, modified or discontinued at any time.
A copy of the Company's press release announcing the stock repurchase program is attached hereto as Exhibit 99.1 and is incorporated herein by reference.
The information in this Current Report, including the news release attached hereto, is being furnished pursuant to Item 8.01 of Form 8-K and shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934 or otherwise subject to liabilities of that Section.
(d) Exhibits.
99.1 Press release issued by LaBranche & Co Inc. dated July 21, 2009.
All other Items of this report are inapplicable.
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