Kimball Electronics, Inc. Buyback
OLI recorded this information on 11/11/2020
Company: |
Kimball Electronics, Inc. |
Buyback: |
KE buyback |
$Amount Authorized: |
$100,000,000 |
Buyback Details: |
Kimball Electronics, Inc. (Nasdaq: KE), (the "Company"), announced that the Board of Directors (the "Board") of Kimball Electronics, Inc., at its November 10, 2020 regular Board meeting, authorized an extension of the current stock repurchase plan (the "Plan") to allow the purchase of up to an additional $20 million of the Company's common stock. The Plan was originally authorized in October 2015, and then separately extended in September 2016, August 2017, and November 2018, allowing a repurchase of up to an additional $20 million of common stock of the Company with each extension. This current extension brings the total amount of authorized share repurchases under the Plan to $100 million, with no expiration. The Plan may be suspended or discontinued at any time. |
Kimball Electronics is a global manufacturing solutions provider. Co. provides electronics manufacturing services, including engineering and supply chain support, to customers in the automotive, medical, and industrial end markets. Co.'s services primarily include: production and testing of printed circuit board assemblies; full box build manufacturing and assembly; final assembly of medical electronic products; design services and support; supply chain services and support; prototyping and new product introduction support; product design and process validation and qualification; industrialization and automation of manufacturing processes; reliability testing; and aftermarket services.
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April 19, 2024 2:49 AM Eastern
Strong Buy (4.00 out of 4)
100th percentile
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