Qualstar Corp (QBAK) Plans $750k Common Stock Buyback Program

November 22, 2016 11:10 AM EST
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Qualstar® Corporation (Nasdaq: QBAK) announced that the Company’s board of directors has authorized a stock repurchase program to acquire up to $750,000 of the Qualstar’s outstanding common stock. Repurchases will be conducted through open market purchases, which may include purchases under a trading plan adopted pursuant to Securities and Exchange Commission Rule 10b5-1, or through privately negotiated transactions. Repurchases will be made from time to time depending on market conditions and other factors. There is no guarantee as to the exact number of shares to be repurchased by the Company. The Company’s repurchase program will terminate upon the completion of the purchase of $750,000 of its shares or through November 21, 2017, if not all shares have been purchased by that date.

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