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Timberland announces stock repurchase program
09 Feb '06
1 min read
Shoe and clothing maker The Timberland Company has announced that its Board of Directors has authorized the repurchase of up to an additional six million shares of the company's Class A Common Stock.
This additional program supplements the company's current share authorization, of which approx. 1.5 million shares were outstanding as of December 31, 2005. As with the existing program, this program will be conducted from time to time, at the discretion of management, and as market and business conditions may warrant. It may use Rule 10b5-1 plans to facilitate share repurchases.
Timberland is a global leader in the design, engineering and marketing of premium-quality footwear, apparel and accessories for consumers who value the outdoors and their time in it. It markets products under the Timberland, Timberland PRO, SmartWool, Timberland Boot Company and Mion brands, all of which offer quality workmanship and detailing and are built to withstand the elements of nature.
The company's products can be found in leading department and specialty stores as well as Timberland(R) retail stores throughout North America, Europe, Asia, Latin America, South Africa and the Middle East.
This additional program supplements the company's current share authorization, of which approx. 1.5 million shares were outstanding as of December 31, 2005. As with the existing program, this program will be conducted from time to time, at the discretion of management, and as market and business conditions may warrant. It may use Rule 10b5-1 plans to facilitate share repurchases.
Timberland is a global leader in the design, engineering and marketing of premium-quality footwear, apparel and accessories for consumers who value the outdoors and their time in it. It markets products under the Timberland, Timberland PRO, SmartWool, Timberland Boot Company and Mion brands, all of which offer quality workmanship and detailing and are built to withstand the elements of nature.
The company's products can be found in leading department and specialty stores as well as Timberland(R) retail stores throughout North America, Europe, Asia, Latin America, South Africa and the Middle East.
The Timberland Company
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