Griffon repurchases 400K shares from Voss Capital affiliates at $41.87 per share

GRIFFON CORP

Repurchased 400,000 shares from two Voss Capital managed accounts for aggregate $16.75M.
Purchase price of $41.87 per share was a 2% discount to $42.72 closing price on Sep 1, 2023.
Audit Committee of independent directors approved; repurchased shares placed in treasury.
Voss Capital's Travis Cocke is a board member; transaction facilitates investor redemptions.
Repurchases made under existing buyback program increased by $200M in April 2023.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

GRIFFON CORP entered into Stock Purchase Agreement with two separately managed accounts of which Voss Capital, LLC is the investment manager (the Selling Shareholders) valued at $16,746,240 (effective 2023-09-05).

Action: entry
Agreement: equity purchase
Counterparty: two separately managed accounts of which Voss Capital, LLC is the investment manager (the Selling Shareholders)
Value: $16,746,240
Effective: 2023-09-05

Exact text from the filing

On September 5, 2023 Griffon Corporation (the “Company”) entered into an agreement (the “Stock Purchase Agreement”) to repurchase, and repurchased, 400,000 shares of its common stock

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GRIFFON CORP filing history →

Source: SEC EDGAR

accession 0000050725-23-000049

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