Digirad increases share repurchase authorization to $12M from $7M

theflyonthewall.com

Digirad announced that it has taken additional steps to strengthen its commitment to best corporate governance practices related to its recently announced strategic initiatives. Digirad's board has: increased its share buyback program authorization to $12M from the $7M previously announced, leaving approximately $10M available in the plan; established a new CEO ownership policy that requires significant equity participation equal to three times the CEO's base salary; instituted a cap on annual issuance of stock equity awards to a maximum of 3% of the total equity outstanding; and adopted a resolution to require shareholder approval for any acquisition exceeding $5M in purchase price.

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