AVID TECHNOLOGY, INC. Item 8.01. Other Events.
On
Under the share buyback program, the Company is authorized to repurchase, from time to time, outstanding shares of its common stock in the open market, through privately negotiated transactions, or otherwise, including pursuant to plans entered into from time to time that meet the conditions of Rule 10b5-1 under the Securities Exchange Act of 1934 (the "Exchange Act"). The Company cannot predict when or if it will repurchase any shares of common stock as such repurchases will depend on a number of factors, including market conditions, applicable legal requirements, cash flows, and the Company's capital needs. The Company has no obligation to repurchase any amount of its common stock, and the program may be suspended or discontinued at any time.
A copy of the Company's press release announcing the share repurchase program is attached hereto as Exhibit 99.1 and is incorporated by reference herein.
Cautionary Note Regarding Forward-Looking Statements. This Form 8-K and the
Press Release filed herewith as Exhibit 99.1 contain forward-looking statements,
including, for example, statements regarding the Company's plans to repurchase
outstanding shares of its common stock and the timing and ability of the Company
to repurchase shares of its common stock. These forward-looking statements
involve certain risks and uncertainties that could cause actual results to
differ materially from those expressed or implied by these statements, including
changes in price and volume and the volatility of the Company's common stock,
adverse developments affecting prices and trading of securities listed on the
Item 9.01 Financial Statements and Exhibits. (d) Exhibits. Exhibit Number Description 99.1 Press Release dated September 9 , 2021 104 Cover Page Interactive Data File (embedded within the Inline XBRL document)
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