INSIGNIA SYSTEMS, INC. (NASDAQ:ISIG) Files An 8-K Other EventsItem 8.01. Other Events.
Stock Repurchase Program
On April 4, 2018, the Board of Directors of Insignia Systems, Inc. (the “Company”) approved a Stock Repurchase Program (the “Program”), authorizing but not obligating the Company to repurchase up to $3,000,000 of the Company’s Common Stock from time to time. Under the Program, any shares repurchased must be purchased no later than March 31, 2020. The Program allows the repurchases to be made in open market or privately negotiated transactions.
The Company issued a Press Release announcing the Program on April 5, 2018, which is attached to this Current Report as Exhibit 99.1.
Item 9.01. Financial Statements and Exhibits.
Method of Filing
Press Release issued April 5, 2018, and entitled “Insignia Systems, Inc. Announces Stock Repurchase Program”
INSIGNIA SYSTEMS INC/MN ExhibitEX-99.1 2 a2018_0405exh991.htm EXHIBIT 99.1 Blueprint Contact: Insignia Systems,…To view the full exhibit click
About INSIGNIA SYSTEMS, INC. (NASDAQ:ISIG)
Insignia Systems, Inc. (Insignia) is a developer and marketer of in-store products, programs and services for consumer goods manufacturers and retail partners drive sales at the point of purchase. The Company’s products include the Insignia Point-of-Purchase Services (POPS) in-store marketing program, thermal sign card supplies for the Company’s Impulse Retail System, laser printable cardstock and label supplies, and The Like Machine. Its POPS program is an account-specific, shelf-edge advertising and promotion tactic. The program allows manufacturers to deliver product information to consumers at the point-of-purchase and to leverage the local retailer brand and store-specific prices to provide a call to action that draws attention to the featured brand and triggers a purchase decision. It focuses on managing a retail network, made up of over 22,000 store locations, for the purpose of providing at-shelf market access for consumer packaged goods manufacturers’ marketing programs.