Tuesday, November 08, 2022 5:30:29 PM
Read the 8-K filings
Item 8.01
Other Events.
On October 26, 2022, the Company announced that its Board of Directors authorized the repurchase of up to $200 million of its outstanding common stock. The stock repurchase plan will go into effect upon the completion of the Company's current program which has a remaining capacity of approximately $68 million. Additionally, the Company disclosed that it expects to take a charge in the fourth quarter of 2022 of $15-20 million to cover the costs of realigning capacity in its Originations segment, consolidating properties, and implementing other efficiency plans.
Have a great evening people
GLTA-Ts
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