Item 8.01 Other Events
On August 21, 2019, Energy Services of America, Inc.'s (the "Company") Board of
Directors authorized a share repurchase program (the "Share Repurchase Program"
or "Program"), pursuant to which the Company may, from time to time, purchase
shares of its common stock for an aggregate repurchase not to exceed 10% of
outstanding shares, or 1,393,393 shares. The Program will begin on August 26,
2019, when the Company is out of blackout, and will end on August 26, 2020.
The Share Repurchase Program permits shares to be repurchased in open market or
private transactions, through block trades, and pursuant to any trading plan
that may be adopted in accordance with Rule 10b5-1 of the Securities and
Exchange Commission. Repurchases will be made at management's discretion at
prices management considers to be attractive and in the best interests of both
the Company and its shareholders, subject to the availability of stock, general
market conditions, the trading price of the stock, alternative uses for capital,
and the Company's financial performance. Open market purchases will be conducted
in accordance with the limitations set forth in Rule 10b-18 of the Securities
and Exchange Commission and other applicable legal requirements.
Item 9.01 Financial Statements and Exhibits
Exhibit 99.1 Press Release dated August 22, 2019
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned, hereunto duly authorized.
ENERGY SERVICES OF AMERICA CORPORATION
DATE: August 22, 2019 By: /s/ Charles Crimmel
Chief Financial Officer
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