Core Viewpoint - GEN Restaurant Group, Inc. has announced a stock repurchase program authorizing the repurchase of up to $5.0 million worth of its Class A common stock, indicating confidence in its financial position and commitment to shareholder value [1][2]. Stock Repurchase Program - The stock repurchase program allows the company to buy back shares through various means, including open market transactions and privately negotiated transactions, with the timing and number of shares to be determined at the company's discretion [2]. - The program may be suspended or discontinued at any time, and there is no obligation for the company to acquire a specific number of shares [1][2]. Trading Plan - The company plans to adopt a trading plan in accordance with Rule 10b5-1 of the Securities Exchange Act, which will allow for repurchases during periods when the company might otherwise be restricted from trading due to insider trading laws [3]. - This trading plan will be managed by an independent broker and will adhere to specific price, market volume, and timing restrictions [3]. Company Overview - GEN Korean BBQ is one of the largest Asian casual dining concepts in the U.S., founded in 2011, with over 40 company-owned locations [4]. - The restaurant offers a unique dining experience where guests grill their own meals at the table, featuring a menu that includes traditional Korean and Korean-American dishes [4]. - The brand's modern décor and lively atmosphere cater to a broad demographic, enhancing its appeal in the casual dining market [4].