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WRLD > SEC Filings for WRLD > Form 8-K on 22-May-2013All Recent SEC Filings

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Other Events

Item 8.01. Other Events.

On May 21, 2013, the Board of Directors authorized the Company to repurchase up to $50.0 million of the Company's common stock. This repurchase authorization follows, and is in addition to, a similar repurchase authorization of $25.0 million announced on February 27, 2013. After taking into account all shares repurchased through May 21, 2013, the Company has approximately $50.1 million (including pending repurchase orders subject to settlement), in aggregate remaining repurchase capacity under all of the Company's outstanding repurchase authorizations. The timing and actual number of shares repurchased will depend on a variety of factors, including the stock price, corporate and regulatory requirements and other market and economic conditions. The Company's stock repurchase program may be suspended or discontinued at any time.

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