INUVO, INC. (NYSEMKT:INUV) Files An 8-K Entry into a Material Definitive Agreement
Item 1.01 Entry into a Material Definitive Agreement.
Business Financing Modification Agreement with Western Alliance
Bank that, among other things expanded the definition of
permitted investments to including, among other items, the
repurchase of our common stock in the market under the stock
repurchase program described elsewhere in this report. The
foregoing description of the Seventh Business Financing
Modification Agreement is a summary and is qualified in its
entirety by the terms of the Seventh Business Financing
Modification Agreement, a copy of which will be filed with our
Annual Report on Form 10-K for the year ending December 31, 2016.
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Item 7.01
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Regulation FD Disclosure.
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announcing that on December 9, 2016 its Board of Directors
authorized a stock repurchase program under which we may
repurchase up to $500,000 of our outstanding common stock. The
stock repurchase program will expire on November 30, 2017. A copy
of this press release is Exhibit 99.1 to this report.>
Item 7.01 of Form 8-K, including Exhibit 99.1, is being furnished
and shall not be deemed filed for the purposes of Section 18 of
the Securities Exchange Act of 1934 or otherwise be subject to
the liabilities of that section, nor is it incorporated by
reference into any filing of Inuvo, Inc. under the Securities Act
of 1933 or the Securities Exchange Act of 1934, whether made
before or after the date hereof, regardless of any general
incorporation language in such filing.
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Item 8.01
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Other Events.
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repurchase program under which we may repurchase up to $500,000
of our outstanding common stock. The stock repurchase program
will expire on November 30, 2017. Under the stock repurchase
program, Inuvo may repurchase shares in the open market in
accordance with all applicable securities laws and regulations,
including Rule 10b-18 of the Securities Exchange Act of 1934, as
amended. The extent to which Inuvo repurchases its shares, and
the timing of such repurchases, will depend upon a variety of
factors, including market conditions, regulatory requirements and
other corporate considerations, as determined by Inuvos
management team. The stock repurchase program may be suspended at
any time.
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99.1
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Press release dated December 12, 2016.
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About INUVO, INC. (NYSEMKT:INUV)
Inuvo, Inc. is an Internet advertising technology and digital publishing company. The Company delivers content and advertisements over the Internet. The Company operates in two segments: the Partner Network and the Owned and Operated Network. The Partner Network delivers advertisements to its partners’ Websites and applications on desktop, tablet and mobile devices. The Owned and Operated Network designs, builds and markets Websites and applications. The Partner Network segment includes ValidClick and MYAP. Its ValidClick is a software platform that helps owners of Websites and mobile applications monetize their properties. Its MYAP is an online affiliate management solution that provides advertisers with the ability to sign up, manage and track the activities of publishers through a platform with data transparency. Its Owned and Operated Network segment owns and operates consumer-facing Internet sites and applications under the ALOT brand, as well as under other brands. INUVO, INC. (NYSEMKT:INUV) Recent Trading Information
INUVO, INC. (NYSEMKT:INUV) closed its last trading session up +0.01 at 1.45 with 71,365 shares trading hands.