secwatch.observer — SEC 8-K summary
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Issuer:     MOVING iMAGE TECHNOLOGIES INC. (MITQ)
CIK:        0001770236
Form:       8-K
Filed at:   2024-04-02T23:59:59+00:00
Accession:  0001770236-24-000018
Event type: other_material
Sentiment:  neutral
Materiality: 0.40
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Moving iMage Technologies adopts new $363K share repurchase program and 10b5-1 plan
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- New program authorizes up to $363,000 of MITQ common stock, expires June 30, 2024 or earlier if fully repurchased.
- Prior $1M program repurchased ~6.3% of shares outstanding for $637,000 through March 22, 2024.
- 10b5-1 trading plan allows repurchases during blackout periods, expanding potential trading days from ~90 to 250 annually.
- Repurchases will be executed via independent broker-dealer under Rule 10b-18.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1770236/000177023624000018/0001770236-24-000018-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1770236/000177023624000018/mitq-20240401x8k.htm
  HTML page:      https://secwatch.observer/filing/0001770236-24-000018

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