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Quotes & Info
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| ITRI > SEC Filings for ITRI > Form 8-K on 14-Sep-2012 | All Recent SEC Filings |
14-Sep-2012
Other Events
Shareholder Rights Agreement
Itron, Inc. (the Company) adopted a Shareholder Rights Agreement (the Rights
Agreement) on December 11, 2002, and the Rights Agreement was amended on
September 22, 2010. In accordance with the terms of the Rights Agreement, it
will expire on December 11, 2012.
On September 13, 2012, the Company's Board of Directors (the Board) determined not to renew the Rights Agreement or enter into a new rights agreement upon its expiration.
Stock Repurchase
On October 24, 2011, the Board authorized a repurchase program of up to $100
million of Itron, Inc.'s outstanding common stock during the 12 month period
ending on October 23, 2012.
On September 13, 2012, the Board approved the extension of the expiration date of the stock repurchase program until February 15, 2013, or until the aggregate limit of $100 million of outstanding common stock has been repurchased, whichever occurs first.
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