ePlus inc. (NASDAQ:PLUS) Files An 8-K Other Events

ME Staff 8-k

7 years ago

ePlus inc. (NASDAQ:PLUS) Files An 8-K Other EventsItem 8.01 Other Events

On August18, 2017, ePlus inc. (the "Company") announced via press release that its Board of Directors approved a share repurchase plan August 15, 2017, which will commence on August 19, 2017. Under the plan the Company may repurchase up to 500,000 shares of ePlus' outstanding common stock beginning on August 19, 2017, through August 18, 2018. The Company's prior repurchase plan expires on August 18, 2017. The Company is authorized to repurchase its common stock through open market purchases, including under a trading plan adopted to Rule 10b5-1 of the Securities Exchange Act of 1934 (the "Exchange Act"), or private transactions, in accordance with applicable federal securities laws, including Rule 10b-18 of the Exchange Act. The timing of repurchases and the exact number of shares to be purchased will be determined by the Company's management, in its discretion, or to a Rule 10b5-1 trading plan, and will depend upon market conditions and other factors.

A copy of the press release issued by the Company announcing the share repurchase program is filed as Exhibit 99.1 hereto and is incorporated herein by reference.

Item 9.01 Financial Statements and Exhibits

(d) The following exhibits are filed as part of this report.

Exhibit No.	Description
99.1	Press release dated August 18, 2017, issued by ePlus inc.

EPLUS INC ExhibitEX-99.1 2 ex99_1.htm PRESS RELEASE EXHIBIT 99.1 ePlus Announces Stock Repurchase Program HERNDON,…To view the full exhibit click here
About ePlus inc. (NASDAQ:PLUS)
ePlus inc. is a holding company. The Company is engaged in the business of selling, leasing, financing and managing information technology. It operates through two segments: technology and financing. The technology segment sells information technology (IT) hardware products, third-party software and maintenance contracts, its own and third-party professional and managed services, and its software. The financing segment operations primarily consist of the financing of information technology equipment, software and related services. Both segments sell to commercial entities, state and local governments, government contractors and educational institutions. The Company is a provider of IT solutions, which enable organizations to optimize their IT environment and supply chain processes. It delivers and integrates IT products and software from various vendors, and provides private, hybrid, and public cloud solutions.