Virco Adopts New Share Repurchase Program

Core Viewpoint - Virco Mfg. Corporation has announced a new share repurchase program for up to $10,000,000 of its Common Stock, starting February 1, 2025, with no specified time limit [1]. Group 1 - The share repurchase program allows for purchases at management's discretion through various means, including open market purchases and privately negotiated transactions [2]. - The timing and total amount of stock repurchases will be influenced by business, economic, and market conditions, as well as corporate and regulatory requirements [2]. - The company plans to use its existing cash and cash equivalents to fund the repurchases under the new program [2].