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Quotes & Info
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| MGAM > SEC Filings for MGAM > Form 8-K on 15-Nov-2012 | All Recent SEC Filings |
15-Nov-2012
Results of Operations and Financial Condition, Regulation
On November 15, 2012, Multimedia Games Holding Company, Inc. (the "Company") issued a press release announcing the results for its fiscal 2012 fourth quarter and full year ended September 30, 2012, and is incorporated by reference into this Item 2.02. The full text of the press release issued in connection with the announcement is attached to this Current Report on Form 8-K as Exhibit 99.1.
The information regarding Item 2.02 in this Form 8-K and the Exhibit attached hereto shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934 (the "Exchange Act") or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933 or the Exchange Act, except as expressly set forth by specific reference in such a filing.
On November 15, 2012, the Company announced that the Board of Directors of the Company has approved a plan to repurchase up to $40 million of the Company's outstanding common stock over the next three years. The new share repurchase authorization replaces a December 2010, $15 million repurchase authorization that was due to expire in December 2013 and which had approximately $3.1 million remaining.
Pursuant to the authorization, the Company may purchase shares from time to time in the open market, through block purchases or in privately negotiated transactions in accordance with Company policies and applicable securities laws. The actual number of shares to be purchased, if any, will depend upon market conditions. Any shares purchased will be held in the Company's treasury for possible future use. As of September 30, 2012, the Company had approximately 28.2 million shares issued and outstanding. During the quarter ended September 30, 2012, the Company did not repurchase any of its shares.
(d) Exhibits.
Exhibit No. Description
99.1 Press Release, dated November 15, 2012, announcing Multimedia Games
Holding Company, Inc.'s fiscal fourth quarter and full year 2012
financial results.
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