Dorman Products, Inc. Announces Expansion and Extension of Stock Repurchase Program
December 13 2018 - 4:05PM
Dorman Products, Inc. (the “Company”) (NASDAQ:DORM) today announced
that its Board of Directors has approved a resolution to increase
and extend its share repurchase program by an additional $150
million, raising the aggregate authorization under the program to
$400 million. The Company has spent $216.5 million to
date under the existing authorization.
The authorization is effective through December
31, 2020. Stock repurchases under the program may be made from time
to time, as the Company deems appropriate, based on factors such
as market conditions, share price, share availability and
other factors. There can be no assurance as to the number of shares
the Company will purchase, if any, and the program may be modified,
renewed, suspended or terminated by the Company at any time without
prior notice.
About Dorman ProductsDorman
Products, Inc. is a leading supplier of Dealer “Exclusive”
replacement parts to the Automotive, Medium and Heavy Duty
Aftermarkets. Dorman products are marketed under the Dorman®, OE
Solutions™, HELP!®, AutoGrade™, First Stop™, Conduct‑Tite®,
TECHoice™, Dorman® Hybrid Drive Batteries and Dorman HD Solutions™
brand names.
Investor Relations
Contact Kevin Olsen, President and
COOkolsen@dormanproducts.com (215) 997-1800
Visit our website at www.dormanproducts.com
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