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ABCO > SEC Filings for ABCO > Form 8-K on 9-May-2013All Recent SEC Filings

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Results of Operations and Financial Condition, Other Events, Financial Statemen

Item 2.02 Results of Operations and Financial Condition.

On May 9, 2013, The Advisory Board Company (the "Company") issued a news release announcing its financial results for the quarter and fiscal year ended March 31, 2013. A copy of the Company's news release is furnished as Exhibit 99.1 to this report.

Item 8.01 Other Events.

On May 9, 2013, the Company also announced that its Board of Directors authorized an increase in its share repurchase program of up to an additional $100 million of the Company's outstanding common stock, bringing the total amount authorized to be spent under the program to $450 million since its inception. To date, the Company has repurchased approximately 15.6 million shares of its common stock at a total cost of $341.0 million. Repurchases will continue to be made from time to time in the open market or in private transactions. The repurchase program does not obligate the Company to repurchase any specific number of shares and may be modified or discontinued at any time.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits.

The following document is herewith furnished as an exhibit to this report.

99.1 News release of The Advisory Board Company dated May 9, 2013.

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