Connect with us

Uncategorized

SMP Announces Stock Repurchase Program

Advertisement

NEW YORK — Standard Motor Products’ (SMP) board of directors has authorized the purchase of up to $5 million of its common stock under a stock repurchase program. Stock will be purchased from time to time, in the open market or through private transactions, as market conditions warrant. SMP said it intends to fund the stock repurchase program through its revolving credit facility.

Advertisement

The stock repurchase program may be suspended or discontinued at any time. Any repurchased shares will be held as treasury stock and will be available for general corporate purposes, including funding existing equity compensation plans.

Advertisement
Click to comment

POPULAR POSTS

Sponsored Content

The Path to Increasing Throughput and Reducing Cycle Times Is Not A One Size Fits All Process.

Sponsored Content

A Closer Look: Variable Valve Timing

Sponsored Content

Going the Extra Mile(s) with Iridium Spark Plugs

Sponsored Content

FRAM® Provides Next-Level Engine Protection for the Summer

Connect
Counterman Magazine