The Board of Directors of Harte-Hanks Inc. (NYSE:HHS) authorized a share repurchase program on May 18, 2004. Under the program, Harte-Hanks will repurchase up to 5,000,000 shares, representing 5% of its issued capital. Repurchases will be effected through open market purchases and privately negotiated transactions.
On November 10, 2005, Harte-Hanks increased the program by 5,000,000 shares.
On August 30, 2006, the Board increased the program by 6,000,000 shares, representing 8% of the outstanding shares.
On May 14, 2007, the Board increased the program by 6,000,000 shares to a total of 22,000,000 shares.
On January 29, 2008, the Board increased the program by 12,500,000 shares to a total of 34,500,000 shares.
Harte-Hanks Inc.'s share repurchase program expired on July 31, 2012. Under the plan, Harte-Hanks repurchased 25,024,509 shares for $552.32 million.
Harte Hanks, Inc., together with its subsidiaries, is a global customer experience company. The Company operates through three segments: Marketing Services; Customer Care, and Fulfillment & Logistics Services. Marketing Services segment leverages data, insight, and experience to support clients as they engage customers through digital, traditional, and emerging channels. Its service offerings include strategic business, brand, marketing and communications planning, data strategy, audience identification and prioritization, predictive modeling, creative development, and execution across traditional and digital channels. Customer Care segment offers responsive contact center solutions, which use real-time data to interact with each customer. Customer contacts are handled through phone, e-mail, social media, text messaging, chat, and digital self-service support. Fulfillment & Logistics segment consists of mail and product fulfillment and logistics services.