other material
confidence high
sentiment positive
materiality 0.75
Lincoln Educational Services authorizes $30M share repurchase program
LINCOLN EDUCATIONAL SERVICES CORP
- Board authorized up to $30M of common stock repurchases over twelve months.
- Repurchases may be made in open-market or privately negotiated transactions.
- Company expects to fund repurchases from cash on hand and operations.
- Shares acquired will be cancelled and returned to authorized but unissued status.
- Credit agreement amended to permit repurchases under the new program.