other material
confidence high
sentiment positive
materiality 0.55
GEE Group repurchases 647,000 shares under $20M buyback program, plans to continue aggressively
GEE Group Inc.
- 647,000 shares of common stock repurchased on the open market beginning May 22, 2023.
- Board authorized up to $20 million of shares to be repurchased; program expires Dec 31, 2023.
- CEO Derek Dewan says low stock price represents an outstanding investment opportunity.
- Company expects to continue aggressive open-market repurchases funded by operating cash flow.
- Program may be suspended or discontinued at any time; no obligation to buy any number of shares.