|
Quotes & Info
|
| QLTY > SEC Filings for QLTY > Form 8-K on 20-Nov-2012 | All Recent SEC Filings |
20-Nov-2012
Regulation FD Disclosure, Other Events, Financial Statements and Exhibit
On November 20, 2012, Quality Distribution, Inc. (the "Company") issued a press release regarding a share repurchase program. A copy of the Company's press release is attached hereto as Exhibit 99.1 and is hereby incorporated by reference.
The information in this Item 7.01 of this Current Report on Form 8-K, including
Exhibit 99.1 attached hereto, shall not be deemed "filed" for purposes of
Section 18 of the Securities Exchange Act or otherwise subject to the liability
of that section and shall not be deemed incorporated by reference in any filing
under the Securities Act or the Exchange Act, except as shall be expressly set
forth by specific reference in such filing.
On November 20, 2012, the Company's Board of Directors approved a share repurchase program authorizing the Company to repurchase up to an aggregate of $15 million in shares of its outstanding common stock in the open market, or through privately negotiated transactions, block transactions, or other mechanisms, as determined by the Company's management. The Board of Directors made this determination after considering the Company's liquidity needs and capital resources as well as the estimated current value of the Company's assets. The share repurchase program does not have an expiration date, the Company is not obligated to acquire a particular number of shares, and the program may be discontinued at any time at the Company's discretion.
(d) Exhibits
Exhibit Number Description of Exhibits 99.1 Press Release of Quality Distribution, Inc. dated November 20, 2012 |
|
|