The Board approved a new share repurchase authorization for up to $75M of the company’s outstanding common stock through November 30, 2028. The new share repurchase authorization replaces the existing authorization that was approved by the Board in February 2023 and set to expire in February 2026. Under the existing authorization, the company purchased 82,448 shares of its common stock for an aggregate purchase price of approximately $15M during the fourth quarter of 2025.
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