Titan International authorizes $50M share repurchase program effective immediately for up to 3 years

TITAN INTERNATIONAL INC

Board authorized up to $50 million for common stock repurchases; program runs three years.
Repurchases may be made in open market, private transactions, or via Rule 10b5-1 plans.
Committee of Maurice M. Taylor Jr., Paul G. Reitz and Mark H. Rachesky will supervise the program.
CEO Paul Reitz said cash position enables strategic options; program does not obligate any specific amount.
Program may be suspended or terminated at any time at Company's discretion.

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