PRO-DEX, INC. (NASDAQ:PDEX) Files An 8-K Other Events
ITEM 8.01Other Events
On December 8, 2016, Pro-Dex, Inc. (the Company) approved the
adoption of a prearranged share repurchase plan intended to
qualify for the safe harbor under Rule10b5-1 under the Securities
Exchange Act of 1934, as amended (10b5-1 Plan). The 10b5-1 Plan
became effective on December 8, 2016 and will terminate on
December 8, 2017, unless terminated sooner in accordance with its
terms. The 10b5-1 Plan was established in accordance with, and as
a part of, the Companys previously disclosed share repurchase
program. Repurchases under the Companys 10b5-1 Plan will be
administered through an independent broker.
About PRO-DEX, INC. (NASDAQ:PDEX)
Pro-Dex, Inc. (Pro-Dex) designs and produces surgical and dental instruments and motion control products used in the medical, factory automation and scientific research industries. The Company operates through four segments: Pro-Dex, OMS, Fineline and Engineering Services Division (ESD). The Pro-Dex segment provides primarily medical and dental instruments using shared production and assembly machines and workforce. The OMS segment is engaged in providing multi-axis motion control applications. The Fineline segment manufactures plastic injection molds for various industries. The ESD segment provides permanent placement and contract services in the fields of engineering, manufacturing and quality to diverse businesses. In addition to Pro-Dex, the names Micro Motors and Oregon Micro Systems are used for marketing purposes as brand names. It provides engineering consulting services, as well as quality and regulatory consulting services, to a range of industries through EDS. PRO-DEX, INC. (NASDAQ:PDEX) Recent Trading Information
PRO-DEX, INC. (NASDAQ:PDEX) closed its last trading session up +0.10 at 4.60 with 14,944 shares trading hands.