AVIAT NETWORKS, INC. (NASDAQ:AVNW) Files An 8-K Other EventsItem 8.01 Other Events
Aviat Networks, Inc.'s (the "Company") Board of Directors authorized a stock repurchase program, to which the Company may purchase up to $7,500,000 of its outstanding common stock beginning May 17, 2018. Under the stock repurchase program, the Company intends to repurchase shares through authorized Rule 10b5-1 plans (which would permit the Company to repurchase shares when the Company might otherwise be precluded from doing so under insider trading laws), open market purchases, privately-negotiated transactions, block purchases or otherwise in accordance with applicable federal securities laws, including Rule 10b-18 of the Securities Exchange Act of 1934.
The Company may choose to suspend or discontinue the stock repurchase program at any time but cannot carry over unused authorization amounts to future periods. The stock repurchase program does not obligate the Company to purchase any particular number of shares. A copy of the Company's press release announcing the stock repurchase program is attached to this Current Report on Form 8-K as Exhibit 99.1.
Item 8.01 Financial Statements and Exhibits.
(d)Exhibits.
The following exhibit is furnished herewith:
EXHIBIT INDEX
Exhibit No. Description
AVIAT NETWORKS, INC. ExhibitEX-99.1 2 exhibit991-pressreleaseons.htm EXHIBIT 99.1 Exhibit 99.1 – Press Release on Stock Repurchase Program NewsRelease www.aviatnetworks.com Aviat Networks Announces Stock Repurchase ProgramMILPITAS,…To view the full exhibit click here
About AVIAT NETWORKS, INC. (NASDAQ:AVNW)
Aviat Networks, Inc., together with its subsidiaries, is a supplier of microwave networking solutions. The Company’s product categories include point-to-point microwave and millimeter wave radios that are licensed (subject to local frequency regulatory requirements), lightly-licensed and license-exempt (operating in license-exempt frequencies), and element and network management software. In addition, it provides a range of professional services enabling it to deliver turnkey networks, including design, deployment, maintenance and managed services. It designs, manufactures and sells a range of wireless networking products, solutions and services to mobile and fixed public network operators, private network operators, Federal, State and Local government agencies, transportation, energy and utility companies, public safety agencies and broadcast network operators around the world. The Company sells products and services directly to its customers and also use agents and resellers.