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XJT > SEC Filings for XJT > Form 8-K on 20-Aug-2009All Recent SEC Filings

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Form 8-K for EXPRESSJET HOLDINGS INC


20-Aug-2009

Other Events


Item 8.01 Other Events.
On August 20, 2009, we issued a press release announcing that our board of directors has authorized the repurchase of up to an additional $10 million of our securities under our previously announced securities repurchase program. Under the program, the company may repurchase its common stock and its 11.25% Convertible Notes due 2023 from time to time. The company anticipates that it will fully utilize the $5.5 million that remained available at the end of the second quarter of 2009 under the securities repurchase program during the third quarter, thus necessitating the additional funds. The repurchase authorization does not have an expiration date and the pace of repurchase activity will depend on factors such as working capital needs, the price of our securities and economic and market conditions. The securities repurchase program may be accelerated, suspended, delayed or discontinued at any time.
The press release is furnished herewith as Exhibit 99.1 and is incorporated herein by reference.


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