Security National Financial Corporation Announces Stock Repurchase Program
September 10 2018 - 1:11PM
Security National Financial Corporation (the “Company”) (NASDAQ:
SNFCA), announced today that its Board of Directors has adopted a
stock repurchase program. Under the repurchase program, the Company
may repurchase up to 300,000 shares of its Class A common stock.
The repurchase program permits the Company to purchase Class A
common shares in the open market. The repurchased shares of Class A
common stock will be held as treasury shares to be used as the
Company’s employer matching contribution to the Employee 401(k)
Retirement Savings Plan.
Stock repurchases will be made at management’s discretion,
subject to general market conditions, the trading price of the
Class A common stock, and alternative uses for capital. Open
market purchases will be conducted in accordance with the
limitations set forth in Rule 10b-18 of the Securities Exchange Act
of 1934, as amended, and other applicable legal requirements.
The repurchase program may be suspended, terminated or modified
at any time for any reason, including market conditions, the cost
of repurchasing shares, the availability of alternative investment
opportunities, liquidity, and other factors deemed appropriate.
These factors may also affect the timing and amount of share
repurchases. The repurchase program does not obligate the Company
to purchase any particular number of shares.
If there are any questions, please contact Mr.
Garrett S. Sill or Mr. Scott M. Quist at:
Security National Financial CorporationP.O. Box
57250Salt Lake City, Utah 84157Phone (801) 264-1060Fax (801)
265-9882
Security National Financ... (NASDAQ:SNFCA)
Historical Stock Chart
From Apr 2024 to May 2024
Security National Financ... (NASDAQ:SNFCA)
Historical Stock Chart
From May 2023 to May 2024