ZixCorp Added to NASDAQ US Buyback Achievers Index
February 10 2015 - 7:35AM
Business Wire
Zix Corporation (ZixCorp), (Nasdaq: ZIXI), a leader in
email data protection, today announced that the company’s common
stock was added to the NASDAQ US Buyback Achievers Index on
February 2nd. The Index is comprised of United States securities
issued by corporations that have effected a net reduction in shares
outstanding of 5% or more in the trailing 12 months.
ZixCorp recently announced another share repurchase program,
enabling the company to purchase up to $10 million of its shares of
common stock from time to time in the open market. The share
purchases will be funded from cash from operations and may be
suspended or discontinued at any time. The latest share repurchase
program is scheduled to expire on July 31, 2015. It is the
company’s 5th share repurchase program in the last 4 years. Between
March 2011 and September 2014 ZixCorp completed 4 other repurchase
programs resulting in the repurchase of 15,620,814 shares.
About Zix Corporation
ZixCorp is a leader in email data protection. ZixCorp offers
industry-leading email encryption, a unique email DLP solution and
an innovative email BYOD solution to meet your company’s data
protection and compliance needs. ZixCorp is trusted by the nation’s
most influential institutions in healthcare, finance and government
for easy-to-use secure email solutions. ZixCorp is publicly traded
on the Nasdaq Global Market under the symbol ZIXI, and its
headquarters are in Dallas, Texas. For more information, visit
www.zixcorp.com.
Statements in this release that are not purely historical facts
or that necessarily depend upon future events, including statements
regarding ZixCorp's plan to repurchase a portion of its common
shares in the open market, may be forward-looking statements within
the meaning of Section 21E of the Securities Exchange Act of 1934,
as amended. Readers are cautioned not to place undue reliance on
forward-looking statements. All forward-looking statements are
based upon information available to ZixCorp on the date this
release was issued. ZixCorp undertakes no obligation to publicly
update or revise any forward-looking statements, whether as a
result of new information, future events or otherwise. Any
forward-looking statements involve risks and uncertainties that
could cause actual events or results to differ materially from the
events or results described in the forward-looking statements,
including risks or uncertainties related to ZixCorp's overall
financial and cash generation performance, potential other uses for
ZixCorp's cash, potential limitations on repurchases, conditions in
the market for ZixCorp's stock and other corporate developments.
Further information regarding factors that could affect ZixCorp’s
ability to successfully execute its plan to repurchase a portion of
its shares of common stock can be found in the risk factors section
of ZixCorp’s most recent filing on Form 10-K with the Securities
and Exchange Commission.
ZixCorpInvestor RelationsTodd Kehrli or Jim Byers,
323-468-2300zixi@mkr-group.com
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