secwatch.observer — SEC 8-K summary
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Issuer:     MYR GROUP INC. (MYRG)
CIK:        0000700923
Form:       8-K
Filed at:   2023-11-01T23:59:59+00:00
Accession:  0000700923-23-000067
Event type: other_material
Sentiment:  positive
Materiality: 0.50
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

MYR Group announces new $75M share repurchase program, replacing expiring prior program
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- New $75.0M share repurchase program authorized by Board; effective Nov 9, 2023, expires May 8, 2024 or when funds exhausted.
- Prior $75.0M repurchase program (commenced May 9, 2023) expires Nov 8, 2023; as of Sept 30, 2023, $75.0M remained available.
- Funding from cash on hand and borrowings under credit facility.
- CEO Rick Swartz cites confidence in market segments and commitment to long-term growth and capital allocation.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/700923/000070092323000067/0000700923-23-000067-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/700923/000070092323000067/myrg-20231101.htm
  HTML page:      https://secwatch.observer/filing/0000700923-23-000067

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