The company announced that its board of directors approved a new stock repurchase program which authorizes the company to repurchase up to 1M shares of its common stock, subject to certain limitations and conditions. The New Stock Repurchase Program will become effective on February 18, 2024, and will expire on February 18, 2027. On February 18, 2024, the New Stock Repurchase Program will replace and supersede the company’s existing stock repurchase program which was originally announced on February 22, 2021.
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