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KEYP > SEC Filings for KEYP > Form 8-K on 22-Oct-2013All Recent SEC Filings

Show all filings for KEYUAN PETROCHEMICALS, INC.



Other Events, Financial Statements and Exhibits

Item 8.01. Other Events

On September 17, 2012, the Board of Directors of Keyuan Petrochemicals, Inc. (the "Company") authorized the repurchase of up to $2 million of its common stock up to $1.50 per share. On December 31, 2012, the Company engaged TriPoint Global Equities LLC ("TriPoint Global") as its agent to design and execute the stock repurchase program, that complies with the requirements of Rule 10b5-1(c)(1) and Rule 10b-18 under the Securities Exchange Act of 1934, as amended (the "Exchange Act"). On April 17, 2013, in connection with the delay in filing the Company's Annual Report on Form 10-K for the year ended December 31, 2012, the Company decided to temporarily suspend the stock repurchase program until after it filed its Form 10-K for fiscal year 2012.

Since the Company is now current with its period filings, our Board of Directors approved on October 21, 2013 that the stock repurchase program shall be resumed, effective immediately.

Item 9.01. Financial Statements and Exhibits

Exhibit 99.1 Press Release dated as of October 22, 2013

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