Dorman Products, Inc. (NASDAQ:DORM) Files An 8-K Other Events
Item8.01.
| Other Events. |
On December 9, 2016, the Company announced that its Board of
Directors has approved a resolution to increase and extend its
share repurchase program by an additional $100 million, raising
the aggregate authorization under the program to $250 million.The
Company has spent $98.6 million to date under the existing
authorization.
The authorization is effective through December 31, 2018. Stock
repurchases under the program may be made from time to time, as
the Company deems appropriate, based on factors such asmarket
conditions, share price, share availability and other factors.
There can be no assurance as to the number of shares the Company
will purchase, if any, and the program may be modified, renewed,
suspended or terminated by the Company at any time without prior
notice.
This Current Report on Form 8-K contains forward-looking
statements within the meaning of the Federal Private Securities
Litigation Reform Act of 1995, including forward-looking
statements regarding the share repurchase program. These
statements are neither promises or guarantees and involve risks
and uncertainties that could cause actual results to differ
materially from those stated or implied by the forward-looking
statements, including, without limitation, risks relating to the
Companys ability to implement and make appropriate, timely and
beneficial decisions as to when, how and if to purchase shares
under the share repurchase program; and other risks described in
the Companys filings with the SEC.
Item9.01 |
Financial Statements and Exhibits. |
| ExhibitNumber | Description | |
| 99.1 | Press Release datedDecember 9, 2016 |
About Dorman Products, Inc. (NASDAQ:DORM)
Dorman Products, Inc. (Dorman) is a supplier of replacement parts and fasteners for passenger cars, light trucks, and heavy duty trucks in the automotive aftermarket. The Company distributes and markets approximately 150,000 various stock keeping units (SKU’s) of automotive replacement parts and fasteners. The Company groups its products into approximately four classes, such as power-train, including intake and exhaust manifolds, and harmonic balancers; automotive body, including window lift motors and window regulators; chassis, including suspension arms and knuckles, and hardware, including threaded bolts. Dorman parts are marketed under the OE Solutions, HELP!, TECHoice, AutoGrade, Conduct-Tite, FirstStop and HD Solutions brand names. A majority of the Company’s products are sold under brands that it owns. Dorman Products, Inc. (NASDAQ:DORM) Recent Trading Information
Dorman Products, Inc. (NASDAQ:DORM) closed its last trading session up +0.42 at 78.22 with 226,705 shares trading hands.