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LPSN > SEC Filings for LPSN > Form 8-K on 23-May-2013All Recent SEC Filings

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Form 8-K for LIVEPERSON INC


23-May-2013

Other Events


Item 8.01 Other Events

On May 22, 2013, the Board of Directors of LivePerson, Inc. ("LivePerson") authorized the additional funding of a previously-announced stock repurchase program under which LivePerson has the ability to repurchase shares of its common stock at times and prices considered appropriate by the Board of Directors or a committee appointed by the Board of Directors. The Board's authorization of additional funding will enable LivePerson to purchase shares of its common stock up to an aggregate purchase price of $10.0 million, which is in addition to the funds previously authorized when the repurchase program was initially adopted in December 2012. LivePerson may effectuate the stock repurchase program through purchases in the open market or privately negotiated transactions, depending upon prevailing market conditions and other corporate considerations. The stock repurchase program is subject to business and market conditions, and may be suspended or discontinued at any time by the Board of Directors of LivePerson. The stock repurchase program is scheduled to expire on June 30, 2014. The stock repurchase program will be funded using LivePerson's available cash.

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