secwatch.observer — SEC 8-K summary
======================================

Issuer:     MYR GROUP INC. (MYRG)
CIK:        0000700923
Form:       8-K
Filed at:   2023-05-02T23:59:59+00:00
Accession:  0000700923-23-000046
Event type: other_material
Sentiment:  positive
Materiality: 0.55
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

MYR Group announces new $75M share repurchase program effective May 9, 2023
---------------------------------------------------------------------------

- Board authorized new $75M share repurchase program effective May 9, 2023; expires Nov 8, 2023.
- Prior $75M program expires May 8, 2023; $75M remained available under prior program as of Mar 31.
- Repurchases may be made on open market or privately; funded with cash on hand and credit facility.
- CEO: 'We remain committed to strategically deploying capital to drive long-term value for shareholders.'

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/700923/000070092323000046/0000700923-23-000046-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/700923/000070092323000046/myrg-20230502.htm
  HTML page:      https://secwatch.observer/filing/0000700923-23-000046

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