West Marine announced that its board has authorized a new share repurchase program through which West Marine, from time to time, may repurchase of its common stock in the open market or through privately negotiated transactions in an amount up to $10M. This new program is being implemented primarily to mitigate the dilutive impact of shares issued under the company's omnibus equity incentive plan and its employee stock purchase plans. West Marine currently plans to implement the repurchase program after the release of results for Q2.
- Investment & Company Information
- West Marine
- share repurchase