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| PATK > SEC Filings for PATK > Form 8-K on 25-Feb-2013 | All Recent SEC Filings |
25-Feb-2013
Results of Operations and Financial Condition, Other Events, Financial Sta
On February 21, 2013, Patrick Industries, Inc. issued a press release announcing operating results for the fourth quarter ended December 31, 2012. A copy of the press release is furnished herewith as Exhibit 99.1.
On February 22, 2013, the Company announced that its Board of Directors authorized a stock repurchase program for purchasing up to $10 million of the Company's common stock from time to time through open market or private transactions over the next 12 months. Share repurchases may be made from time to time for cash in open market transactions at prevailing market prices or in privately negotiated transactions or otherwise. The timing and amount of purchases under the program will be determined by management based upon market conditions and other factors. All or part of the repurchases may be implemented under a Rule 10b5-1 trading plan, which would allow repurchases under pre-set terms at times when the Company might otherwise be prevented from doing so under insider trading laws or because of self-imposed blackout periods. The program does not require the Company to purchase any specific number or amount of shares and may be modified, suspended or reinstated at any time in the Company's discretion and without notice. Purchases will be subject to restrictions under the Company's credit facility. A copy of the press release announcing the repurchase program is furnished herewith as Exhibit 99.2.
(d) Exhibits
Exhibit 99.1 - Press Release issued February 21, 2013. Exhibit 99.2 - Press Release issued February 22, 2013.
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