secwatch.observer — SEC 8-K summary
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Issuer:     MYR GROUP INC. (MYRG)
CIK:        0000700923
Form:       8-K
Filed at:   2022-11-02T23:59:59+00:00
Accession:  0000700923-22-000052
Event type: other_material
Sentiment:  positive
Materiality: 0.60
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

MYR Group announces new $75M share repurchase program effective Nov 8, 2022
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- New $75M repurchase program authorized by Board; effective Nov 8, 2022, expiring May 8, 2023.
- Prior $75M program expires Nov 7, 2022; 398,152 shares repurchased for $33.4M as of Sept 30.
- Buybacks may be funded from cash on hand or borrowings under credit facility.
- Management reiterates confidence in long-term strategy and stock as attractive investment.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/700923/000070092322000052/0000700923-22-000052-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/700923/000070092322000052/myrg-20221102.htm
  HTML page:      https://secwatch.observer/filing/0000700923-22-000052

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer