CALAMP CORP. (NASDAQ:CAMP) Files An 8-K Other EventsItem 8.01. Other Events
On May 7, 2018, CalAmp Corp. (the “Company”) issued a press release announcing that the Company’s Board of Directors has authorized a share repurchase program to purchase up to $30 million of the Company’s common stock over the next 12 months. A copy of the press release is attached as Exhibit 99.1.
This share repurchase program allows the Company to repurchase shares from time to time for cash in the open market, as market and business conditions warrant and subject to applicable legal requirements. The program may be suspended or discontinued at any time at the discretion of the Board of Directors.
Item 9.01. Financial Statements and Exhibits
CalAmp Corp. ExhibitEX-99.1 2 camp-ex991_38.htm EX-99.1 camp-ex991_38.htm Exhibit 99.1 NEWS BULLETIN FOR IMMEDIATE RELEASE CalAmp Announces $30 Million Share Repurchase Program IRVINE,…To view the full exhibit click
About CALAMP CORP. (NASDAQ:CAMP)
CalAmp Corp. (CalAmp) is a provider of wireless communications solutions for a range of applications to customers globally. The Company operates through two business segments: Wireless DataCom and Satellite. The Company’s Wireless DataCom segment offers solutions for mobile resource management (MRM) applications, the machine-to-machine (M2M) communications space and other markets that require connectivity anytime and anywhere. The Company’s MRM and M2M solutions collect, monitor and report data and intelligence from remote and mobile assets. The Company delivers products, software services and solutions for energy, government, transportation and automotive vertical markets. The Company’s Satellite segment develops, manufactures and sells direct-broadcast satellite (DBS) outdoor customer premise equipment and whole home video networking devices enabling the delivery of digital and high definition satellite television services. Its satellite products are sold primarily to EchoStar.