AZZ INC
For the period ended Nov 30, 2024. Filed Jan 7, 2025.
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Nov 30, 2024 · Filed Jan 7, 2025
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Unregistered Sales of Equity Securities and Use of Proceeds
On November 10, 2020, our Board of Directors authorized a $100 million share repurchase program pursuant to which we may repurchase our common stock (the "2020 Authorization"). Repurchases under the 2020 Authorization will be made through open market or private transactions, in accordance with applicable federal securities laws, and could include repurchases pursuant to Rule 10b5-1 trading plans, which allows stock repurchases when we might otherwise be precluded from doing so. Currently, share repurchases may not exceed 6% of our market capitalization per fiscal year.
The Company did not purchase any shares of common stock under the 2020 Share Authorization during the nine months ended November 30, 2024. As of November 30, 2024, we had $53.2 million remaining under the 2020 Share Authorization that may be used to repurchase outstanding shares of common stock in the future.
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