Live Ventures Incorporated (NASDAQ:LIVE) Files An 8-K Other EventsItem 8.01. Other Events.
On February 15, 2018, the Board of Directors of Live Ventures Incorporated (the “Company”) adopted a new stock repurchase program (the “Program”). The Program authorizes the Company to repurchase up to $10 million of its currently outstanding shares of common stock at prevailing market prices and expires on February 15, 2021. Shares may be purchased under the Program in open market transactions, including through block purchases, through privately negotiated transactions, or to any trading plan that may be adopted in accordance with Rule 10b5-1 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”). The timing, manner, price and amount of any repurchases will be determined in the Company’s discretion. The Program may be suspended, terminated or modified at any time for any reason. The Program does not obligate the Company to acquire any specific number of shares, and all open market repurchases will be made in accordance with Rule 10b-18 of the Exchange Act, which sets certain restrictions on the method, timing, price and volume of open market stock repurchases. The repurchase will be funded by cash on hand and cash generated by operations of the Company’s businesses.
A copy of the press release announcing the adoption of the Program is attached as Exhibit 99.1 to this report.
Item 9.01. Financial Statements and Exhibits
(d) Exhibits
LIVE VENTURES Inc ExhibitEX-99.1 2 live_ex9901.htm PRESS RELEASES Exhibit 99.1 Live Ventures Announces $10 Million Common Stock Repurchase Program LAS VEGAS,…To view the full exhibit click here
About Live Ventures Incorporated (NASDAQ:LIVE)
Live Ventures Incorporated, formerly LiveDeal, Inc., is a holding company. The Company offers LiveDeal.com, a real-time deal engine that connects restaurants across the United States and consumers via a platform. The Company operates in three segments: legacy merchant’s services; online marketplace platform, and manufacturing. The legacy merchants’ services segment consists of local exchange carrier (LEC) and Velocity Local. The online marketplace platform segment consists of LiveDeal.com and various consumer products entities. The manufacturing segment includes the operations of Marquis Industries, Inc. (Marquis Industries). Marquis Industries is a carpet manufacturer and a manufacturer of yarn products, as well as a reseller of hard surface flooring products. LiveDeal.com provides marketing solutions to restaurants to boost customer awareness and merchant visibility on the Internet.