Item 8.01 Other Events.
On September 27, 2021, WidePoint Corporation (the "Company") issued a press
release announcing that its Board of Directors has removed the suspension from
its $2.5 million stock repurchase plan (the "Repurchase Plan"), which Repurchase
Plan was suspended on March 9, 2020 as a precaution due to the COVID-19
pandemic. The Repurchase Plan allows the Company to repurchase its issued and
outstanding common stock from time to time in open- market and privately
negotiated transactions and block trades in accordance with federal securities
laws, including Rule 10b-18 promulgated under the Securities Exchange Act of
1934 as amended. As of September 27, 2021, $2.1 million remained available for
future purchases under the Repurchase Plan, which does not have an expiration
date. A copy of the press release is attached hereto as Exhibit 99.1 and is
incorporated into this Item 8.01 by reference.
Forward-Looking Statements
This report contains forward-looking statements by the Company that involve
risks and uncertainties and reflect the Company's judgment as of the date of
this report. These forward-looking statements include, without limitation,
statements regarding the Company's plans with respect to stock repurchases,
including the timing and manner of any purchases under the Repurchase Plan.
Actual events or results may differ from the Company's expectations. For
example, the Repurchase Plan may be suspended or discontinued at any time. The
failure to meet expectations with respect to any of the foregoing matters may
reduce the Company's stock price. Additional information concerning these and
other risk factors affecting the Company can be found in the Company's public
periodic filings with the Securities and Exchange Commission available at
www.sec.gov. The Company disclaims any intent or obligation to update these
forward-looking statements beyond the date of this report. This caution is made
under the safe harbor provisions of the Private Securities Litigation Reform Act
of 1995.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
99.1 Press release issued September 27, 2021.
104 Page Interactive Data File (embedded within the Inline XBRL document)
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