secwatch.observer — SEC 8-K summary
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Issuer:     MOVING iMAGE TECHNOLOGIES INC. (MITQ)
CIK:        0001770236
Form:       8-K
Filed at:   2023-10-02T23:59:59+00:00
Accession:  0001104659-23-105697
Event type: other_material
Sentiment:  positive
Materiality: 0.55
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

MiT adopts 10b5-1 plan to facilitate $1M share repurchase, expands buyback days to 250 annually
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- 10b5-1 plan allows MITQ share repurchases during blackout periods, increasing trading days from ~90 to ~250 per year.
- As of June 30, 2023, MiT repurchased ~273,000 shares for $303,000, leaving $697,000 available under the $1M program.
- Independent broker-dealer will execute pre-arranged repurchases under Rule 10b5-1 and Rule 10b-18.
- Program was originally re-authorized on March 23, 2023, and runs for one year.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1770236/000110465923105697/0001104659-23-105697-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1770236/000110465923105697/tm2327330d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-105697

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