AAON, INC. (NASDAQ:AAON) Files An 8-K Other Events
Item 8.01 Other Events.
The Company today announced that the Board of Directors has authorized the Company to make up to $20.0 million in purchases of shares of the Company’s common stock in accordance with a pre-arranged stock repurchase plan adopted by the Company in accordance with the guidelines specified under Rule 10b5-1 of the Securities Exchange Act of 1934, as amended, as well as from time to time in the open market or through privately negotiated transactions at prevailing market prices, depending on market conditions. Repurchased shares, whether through the 10b5-1 plan, open market or privately negotiated transactions, will be restored to the status of authorized but unissued stock.
A copy of the Company’s press release is furnished as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein by reference.
Item 9.01Financial Statements and Exhibits.
(d)Exhibits
AAON INC Exhibit
EX-99.1 2 pressrelease.htm EXHIBIT 99.1 Exhibit Exhibit 99.1 AAON Authorizes $20 Million for Stock Buyback ProgramTULSA,…
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About AAON, INC. (NASDAQ:AAON)
AAON, Inc. (AAON) is engaged in the manufacture and sale of air-conditioning and heating equipment. The Company’s products consist of rooftop units, chillers, packaged outdoor mechanical rooms, air handling units, makeup air units, energy recovery units, condensing units, self-contained units and coils. Its products serve the commercial, and industrial new construction and replacement markets. The Company’s rooftop and condenser unit markets consist of units installed on commercial or industrial structures of over 10 stories in height. Its air handling units, self-contained units, chillers, packaged outdoor mechanical rooms and coils are applicable to all sizes of commercial and industrial buildings. The replacement market consists of products installed to replace existing units/components that are worn or damaged. Its operating subsidiaries are AAON, Inc. and AAON Coil Products, Inc. It markets its products to over 50 states in the United States and certain provinces in Canada.