American Woodmark Corporation (NASDAQ:AMWD) Files An 8-K Other EventsITEM 8.01 OTHER EVENTS.
American Woodmark Corporation (NASDAQ:AMWD) Files An 8-K Other Events
On November 30, 2016, the Board of Directors authorized an additional stock repurchase program of up to $50 million of the Company’s outstanding common shares. This authorization is in addition to the $15 million remaining from the November 2014 authorization and $1.5 million remaining from the November 2015 authorization. Management expects to fund share repurchases using available cash and cash generated from operations.
On December 1, 2016, the Company also announced that it will be building a new corporate headquarters in Winchester, Virginia. The new space will consolidate employees that currently occupy four buildings in Winchester, Virginia and Frederick County, Virginia, in early 2018. The new building will be self-funded for approximately $30 million. The press release is attached hereto as Exhibit 99.1 and incorporated herein by reference.
ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS
>(d) Exhibits
Exhibit 99.1 Registrant’s Press Release dated December 1, 2016.
About American Woodmark Corporation (NASDAQ:AMWD)
American Woodmark Corporation manufactures and distributes kitchen cabinets and vanities for the remodeling and new home construction markets. The Company offers framed stock cabinets in approximately 500 different cabinet lines, ranging in price from relatively inexpensive to medium-priced styles. Styles vary by design and color from natural wood finishes to low-pressure laminate surfaces. The product offering of stock cabinets includes approximately 90 door designs in over 20 colors. Stock cabinets consist of cabinet interiors of varying dimensions and construction options, and a maple, oak, cherry, or hickory front frame, door and/or drawer front. The Company’s products are sold under the brand names of American Woodmark, Simply Woodmark, Timberlake, Shenandoah Cabinetry, Shenandoah Value Series and Waypoint Living Spaces. The Company’s primary raw materials used include hard maple, soft maple, oak, cherry, and hickory lumber and plywood. American Woodmark Corporation (NASDAQ:AMWD) Recent Trading Information
American Woodmark Corporation (NASDAQ:AMWD) closed its last trading session down -3.00 at 73.65 with 278,009 shares trading hands.
American Woodmark Corporation manufactures and distributes kitchen cabinets and vanities for the remodeling and new home construction markets. The Company offers framed stock cabinets in approximately 500 different cabinet lines, ranging in price from relatively inexpensive to medium-priced styles. Styles vary by design and color from natural wood finishes to low-pressure laminate surfaces. The product offering of stock cabinets includes approximately 90 door designs in over 20 colors. Stock cabinets consist of cabinet interiors of varying dimensions and construction options, and a maple, oak, cherry, or hickory front frame, door and/or drawer front. The Company’s products are sold under the brand names of American Woodmark, Simply Woodmark, Timberlake, Shenandoah Cabinetry, Shenandoah Value Series and Waypoint Living Spaces. The Company’s primary raw materials used include hard maple, soft maple, oak, cherry, and hickory lumber and plywood. American Woodmark Corporation (NASDAQ:AMWD) Recent Trading Information
American Woodmark Corporation (NASDAQ:AMWD) closed its last trading session down -3.00 at 73.65 with 278,009 shares trading hands.