Envela Corporation
03/27/2025 | Press release | Distributed by Public on 03/27/2025 07:01
Material Event (Form 8-K)
Item 8.01. Other Events.
On March 27, 2025, the Board of Directors of Envela Corporation, a Nevada corporation (the "Company"), authorized the repurchase of an additional 100,000 shares of the Company's common stock, bringing the total authorization under the existing repurchase program to 1,100,000 shares. The repurchases will be conducted in accordance with the Company's Repurchase Plan, including through open-market purchases, 10b5-1 plans, private transactions, or other methods as determined by the Company's Chief Executive Officer or Chief Financial Officer (the "Authorized Officers"). The repurchases will be made at prices and terms determined by the CEO or CFO, provided the transactions comply with federal and state securities laws, SEC regulations, and Nevada law. This program will remain in effect until March 31, 2026. Repurchased shares may be retired, reducing the Company's capital accounts, at the discretion of the Authorized Officers.
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