LIFEPOINT HEALTH,INC.Files An 8-K Other EventsItem 8.01 Other Events.
Effective June 16, 2017, the Company entered into a trading plan (the Plan) in accordance with Rule 10b5-1 under the Securities Exchange Act of 1934 as amended, under which the Company may repurchase its shares at times when the Company would not ordinarily be in the market due to the Companys trading policies or possession of material non-public information. The Plan has been established to, and as part of, the Companys stock repurchase program that is effective through March 14, 2018, and under which the Company had remaining authority to repurchase $100 million in shares as of June 1, 2017.
The Plan will expire on August 3, 2017, unless terminated earlier in accordance with its terms. The Company does not retain or exercise any discretion over purchase of common stock under the Plan. The timing and extent of the repurchases under the Plan are subject to Securities and Exchange Commission regulations as well as certain price, market volume and timing constraints specified in the Plan.