Item 8.01. Other Events. OnJune 15, 2021 , the Board authorized and approved a share repurchase program for up to$15 million of the currently outstanding shares of the Company's common stock, par value$0.001 ("Common Stock"). The share repurchase program is effective as ofJune 15, 2021 and will expire onJune 30, 2022 . The timing, price and volume of repurchases will be based on market conditions, relevant securities laws and other factors. The repurchases may be made from time to time, through solicited or unsolicited transactions in the open market, in privately negotiated transactions or pursuant to a share repurchase trading plan. The program may be discontinued or amended at any time. The Company issued two press releases announcing these matters which are attached to this Current Report on Form 8-K as Exhibit 99.1 and Exhibit 99.2. Item 9.01 Financial Statements and Exhibits. (d) Exhibits. The exhibits shall be deemed to be filed or furnished, depending on the relevant item requiring such exhibit, in accordance with the provisions of Item 601 of Regulation S-K (17 CFR 229.601) and Instruction B.2 to this form. Exhibit Number Description 99.1 Press Release issued onJune 15, 2021 99.2 Press Release issued onJune 15, 2021 Cover Page Interactive Data File, formatting Inline Extensible Business 104 Reporting Language (iXBRL)
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