Harte Hanks Announces $20 Million Stock Repurchase Program
NEW YORK, NY--(Marketwired - Aug 27, 2014) - Harte Hanks ( NYSE : HHS ) today announced that it intends to purchase up to $20 million of its common stock in a new stock repurchase program. Chief Executive Officer Robert Philpott noted, "We are now delivering on our new strategy unveiled in May by taking a balanced approach to deploying our capital resources. In addition to investments and acquisitions for our Customer Interaction and Trillium Software businesses, we intend to continue to support our stockholders through both dividends and share repurchases."
Under the repurchase program shares may be purchased from time to time at the discretion of management, through open market transactions, depending upon market conditions. Under the program, the purchases will be funded from available working capital and the repurchased shares will be held in treasury. The repurchase program does not obligate Harte Hanks to repurchase any particular amount of common stock, and Harte Hanks may discontinue or suspend purchases at any time at its discretion.
About Harte Hanks
Harte Hanks ( NYSE : HHS ) is one of the world's leading, insight-driven multi-channel marketing organizations, delivering impactful business results for some of the world's best-known brands. Through strategic agencies and our core marketing services, we develop integrated solutions that connect brands with prospects and customers, moving them beyond awareness to transactions and brand loyalty. Visit the Harte Hanks website at http://HarteHanks.com or call (800) 456-9748.
As used herein, "Harte Hanks" refers to Harte-Hanks, Inc. and/or its applicable operating subsidiaries, as the context may require. Harte Hanks' logo and name are trademarks owned by Harte Hanks.
