The Board of Directors of SofTech Inc authorized a share repurchase program on May 20, 2013. Under the program, the company entered into an agreement with Greenleaf Capital, Inc., The Ronda E. Stryker and William D. Johnston Foundation, and The L. Lee Stryker 1974 Irrevocable Trust fbo Ronda E. Stryker. Pursuant to the terms of the Stock Purchase Agreement, the company will purchase 235,000 of the aggregate 271,411 shares of common stock, par value $0.10 per share of the company currently collectively owned by the sellers for a purchase price of $0.37 per share for an aggregate purchase price of $0.09 million.

The parties expect the share purchase to close on May 31, 2013. The sellers beneficially own approximately 26% of the company's common stock outstanding as of May 10, 2013.