Thursday, January 04, 2024 6:28:59 PM
— STOCK REPURCHASE PROGRAM
On January 8, 2008, we announced our authorization of a stock repurchase program under which we may repurchase shares of RPM International Inc. common stock at management’s discretion. As announced on November 28, 2018, our goal was to return $1.0 billion in capital to stockholders by May 31, 2021 through share repurchases and the retirement of our convertible note during fiscal 2019. On April 16, 2019, after taking into account share repurchases under our existing stock repurchase program to date, our Board of Directors authorized the repurchase of the remaining $600.0 million in value of RPM International Inc. common stock by May 31, 2021.
As previously announced, given macroeconomic uncertainty resulting from the Covid pandemic, we had suspended stock repurchases under the program, but in January 2021, our Board of Directors authorized the resumption of our stock repurchase program. At the time of resuming the program, $469.7 million of shares of common stock remained available for repurchase. The Board of Directors also extended the stock repurchase program beyond its original May 31, 2021 expiration date until such time that the remaining $469.7 million of capital has been returned to our stockholders.
As a result, we may repurchase shares from time to time in the open market or in private transactions at various times and in amounts and for prices that our management deems appropriate, subject to insider trading rules and other securities law restrictions. The timing of our purchases will depend upon prevailing market conditions, alternative uses of capital and other factors. We may limit or terminate the repurchase program at any time.
During the three months ended November 30, 2023, we repurchased 131,858 shares of our common stock at a cost of approximately $12.5 million, or an average of $94.80 per share. During the three months ended November 30, 2022, we did not repurchase any shares of our common stock under this program. During the six months ended November 30, 2023, we repurchased 254,283 shares of our common stock at a cost of approximately $25.0 million, or an average of $98.32 per share. During the six months ended November 30, 2022, we repurchased 303,079 shares of our common stock at a cost of approximately $25.0 million, or an average of $82.49 per share. The maximum dollar amount that may yet be repurchased under our stock repurchase program was approximately $292.3 million at November 30, 2023.
Recent RPM News
- US Index Futures Rise, Oil Dips Slightly • IH Market News • 04/04/2024 11:31:45 AM
- RPM Reports Record Fiscal 2024 Third-Quarter Results • Business Wire • 04/04/2024 10:45:00 AM
- RPM Declares Quarterly Dividend • Business Wire • 04/02/2024 10:45:00 AM
- RPM to Announce Fiscal 2024 Third-Quarter Results on April 4, 2024 • Business Wire • 03/08/2024 02:00:00 PM
- Form SC 13G/A - Statement of acquisition of beneficial ownership by individuals: [Amend] • Edgar (US Regulatory) • 03/07/2024 05:29:50 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/05/2024 10:05:11 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/20/2024 10:01:24 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/20/2024 09:57:57 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 02/15/2024 08:00:45 PM
- Form 144/A - Report of proposed sale of securities: [Amend] • Edgar (US Regulatory) • 02/15/2024 07:54:12 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 02/15/2024 07:30:35 PM
- Form SC 13G/A - Statement of acquisition of beneficial ownership by individuals: [Amend] • Edgar (US Regulatory) • 02/14/2024 04:41:10 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 01/30/2024 09:27:54 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 01/11/2024 09:23:29 PM
- RPM Opens Innovation Center of Excellence • Business Wire • 01/11/2024 11:45:00 AM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 01/10/2024 08:51:28 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 01/04/2024 08:37:08 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 01/04/2024 11:55:05 AM
- RPM Reports Record Fiscal 2024 Second-Quarter Results • Business Wire • 01/04/2024 11:45:00 AM
- RPM Declares Quarterly Dividend • Business Wire • 01/03/2024 11:45:00 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 12/19/2023 09:31:39 PM
- RPM to Announce Fiscal 2024 Second-Quarter Results on January 4, 2024 • Business Wire • 12/08/2023 02:00:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 11/13/2023 09:22:10 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 11/13/2023 02:03:52 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 11/08/2023 09:30:42 PM
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Bantec Reports an Over 50 Percent Increase in Sales and Profits in Q1 2024 from Q1 2023 • BANT • Apr 25, 2024 10:00 AM
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