EPIQ: Regulation Fd Disclosure
The following excerpt is from the company's SEC filing
On September 5, 2013, the board of directors of Epiq Systems, Inc. ("Epiq") declared a cash dividend of $0.09 per share of outstanding common stock. The dividend will be payable on December 9, 2013, to shareholders of record at the close of business on November 1, 2013.
On September 5, 2013, Epiq also issued a press release announcing the board of directors' declaration of the cash dividend and the reactivation of its previously existing, but uncompleted, share repurchase program. On June 1, 2012, Epiq's Board of Directors authorized up to $35 million in share repurchases through December 31, 2013. Through June 30, 2013, approximately $31.7 million remained outstanding on the share buyback authorization. The company recently reactivated the share repurchase program and depending on market conditions, will proceed from time to time to repurchase shares at prevailing market prices through the open market, in block trades or in privately negotiated purchases. The timing, manner, price and amount of any share repurchases will be determined by Epiq in its discretion. The press release is furnished as Exhibit 99.1 hereto and is incorporated herein by reference.
The information in Item 7.01 of this Current Report on Form 8-K and in the exhibit attached hereto shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liabilities of that section, and shall not be deemed to be incorporated by reference into any registration statement or other filing with the Securities and Exchange Commission made by Epiq under the Securities Act of 1933, as amended, or the Exchange Act, whether filed or made before or after the date hereof, except as otherwise expressly stated by specific reference in such filing.
(d) The following item is furnished as an exhibit to this Current Report on Form 8-K.
Press release, dated September 5, 2013, announcing the declaration of a cash dividend and reactivation of share repurchase program.
The above information was disclosed in a filing to the SEC. To see this filing in its entirety, click here.
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