TELOS CORP
For the period ended Jun 30, 2024. Filed Aug 9, 2024.
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Jun 30, 2024 · Filed Aug 9, 2024
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12. Share Repurchases
- SHARE REPURCHASES
On May 24, 2022, the Company announced that the Board of Directors approved a share repurchase program ("SRP") authorizing the Company to repurchase up to $50.0 million of its common stock. Pursuant to this authorization, the Company may repurchase shares of its common stock on a discretionary basis from time to time through open market purchases. The repurchase program has no expiration date and may be modified, suspended, or terminated at any time.
There wereno share repurchases during the three and six months ended June 30, 2024, and 2023. As of June 30, 2024, there was approximately $38.7 million of the authorization remaining for future common stock repurchases under the SRP.
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