WAYSIDE TECHNOLOGY GROUP,INC. (NASDAQ:WSTG) Files An 8-K Other Events

ME Staff 8-k
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WAYSIDE TECHNOLOGY GROUP,INC. (NASDAQ:WSTG) Files An 8-K Other Events
Item 8.01. Other Events.

Wayside Technology Group, Inc. (the “Company”) has engaged in stock repurchases of its common stock (the “Common Stock”) from time to time. A total of 2,868,370 shares of Common Stock have been repurchased as of February 28, 2017, leaving a balance of 642,643 shares of Common Stock that the Company currently is authorized to buy back in the future. The pre-existing repurchase program is expected to remain in effect for 2017. As of February 28, 2017, the Company held 696,915 shares of our Common Stock in treasury at an average cost of $16.58 per share. Repurchased shares in treasury are held for general corporate purposes, including issuances under various stock plans.

On February 2, 2017, the Board of Directors of the Company approved, and on March 1, 2017, the Company entered into, a written purchase plan intended to comply with the requirements of Rule 10b5-1 under the Securities Exchange Act of 1934, as amended (the “Plan”). Purchases involving shares of the Company’s Common Stock under the Plan may take place commencing March 1, 2017, and the Plan is intended to be in effect until September 30, 2017. to the Plan, the Company’s broker shall effect purchases of up to an aggregate of 600,000 shares of Common Stock.


About WAYSIDE TECHNOLOGY GROUP, INC. (NASDAQ:WSTG)

Wayside Technology Group, Inc. is an information technology (IT) channel company. The Company operates through two segments: Lifeboat Distribution and TechXtend. The Lifeboat Distribution segment distributes technical software to corporate resellers, value added resellers, consultants and systems integrators around the world. The TechXtend segment is a value-added reseller of software, hardware and services for corporations, government organizations and academic institutions in the United States and Canada. It resells computer software and hardware developed by others and provides technical services directly to customers in the United States of and Canada. It offers a line of products from publishers of software and tools for virtualization/cloud computing, security, networking, storage and infrastructure management, application lifecycle management and other technical domains, as well as computer hardware. It distributes software developed by others through resellers.

WAYSIDE TECHNOLOGY GROUP, INC. (NASDAQ:WSTG) Recent Trading Information

WAYSIDE TECHNOLOGY GROUP, INC. (NASDAQ:WSTG) closed its last trading session down -0.15 at 18.15 with 9,656 shares trading hands.