secwatch.observer — SEC 8-K summary
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Issuer:     MYR GROUP INC. (MYRG)
CIK:        0000700923
Form:       8-K
Filed at:   2024-05-06T23:59:59+00:00
Accession:  0000700923-24-000034
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 $75M share repurchase program effective May 9, 2024
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- Board authorized up to $75M in share repurchases; program expires Nov 8, 2024 or when funds exhausted.
- Prior $75M program expires May 8, 2024; had $72.5M remaining as of March 31, 2024.
- Funding from cash on hand and credit facility borrowings.
- CEO cites confidence in market segments and long-term growth potential.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/700923/000070092324000034/0000700923-24-000034-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/700923/000070092324000034/myrg-20240506.htm
  HTML page:      https://secwatch.observer/filing/0000700923-24-000034

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