Hallador Energy Announces $5M Stock Repurchase Program
Ticker: HNRG · Form: 8-K · Filed: Jun 3, 2024 · CIK: 788965
| Field | Detail |
|---|---|
| Company | Hallador Energy CO (HNRG) |
| Form Type | 8-K |
| Filed Date | Jun 3, 2024 |
| Risk Level | low |
| Pages | 2 |
| Reading Time | 2 min |
| Sentiment | bullish |
Sentiment: bullish
Topics: shareholder-return, stock-buyback
Related Tickers: HNRG
TL;DR
HNRG is buying back up to $5M in stock over the next year.
AI Summary
Hallador Energy Company (HNRG) announced on May 30, 2024, that its Board of Directors approved a new stock repurchase program. The company is authorized to repurchase up to $5.0 million of its common stock through May 30, 2025.
Why It Matters
This repurchase program signals management's confidence in the company's valuation and can potentially increase shareholder value by reducing the number of outstanding shares.
Risk Assessment
Risk Level: low — Stock repurchase programs are generally viewed positively and do not inherently introduce new risks to the company's operations.
Key Numbers
- $5.0M — Stock Repurchase Authorization (Maximum amount the company can spend on repurchasing its common stock.)
- 1 year — Repurchase Program Duration (The period during which the stock repurchase program is active.)
Key Players & Entities
- Hallador Energy Company (company) — Registrant
- HNRG (company) — Ticker Symbol
- $5.0 million (dollar_amount) — Stock repurchase authorization
- May 30, 2025 (date) — Expiration of repurchase program
- May 30, 2024 (date) — Date of board approval
FAQ
What is the total amount authorized for the stock repurchase program?
The company is authorized to repurchase up to $5.0 million of its common stock.
What is the expiration date of the new stock repurchase program?
The stock repurchase program is authorized through May 30, 2025.
Who approved the new stock repurchase program?
The Board of Directors of Hallador Energy Company approved the new stock repurchase program.
What type of security is being repurchased?
The company is authorized to repurchase its common stock.
When was the stock repurchase program approved?
The stock repurchase program was approved on May 30, 2024.
Filing Stats: 543 words · 2 min read · ~2 pages · Grade level 11.5 · Accepted 2024-06-03 09:32:16
Filing Documents
- hnrg20240531_8k.htm (8-K) — 29KB
- hnrg20240531_8kimg001.jpg (GRAPHIC) — 2KB
- 0001437749-24-018969.txt ( ) — 164KB
- hnrg-20240530.xsd (EX-101.SCH) — 3KB
- hnrg-20240530_def.xml (EX-101.DEF) — 11KB
- hnrg-20240530_lab.xml (EX-101.LAB) — 15KB
- hnrg-20240530_pre.xml (EX-101.PRE) — 11KB
- hnrg20240531_8k_htm.xml (XML) — 3KB
07 Submission of Matters to a Vote of Security Holders
ITEM 5.07 Submission of Matters to a Vote of Security Holders. On May 30, 2024, Hallador Energy Company held its annual meeting of shareholders in Terre Haute, Indiana. There was a total of 36,532,019 shares present at the meeting in person or by proxy, representing 85.46% of the total outstanding shares eligible to vote. The final results for each of the matters submitted to a vote of shareholders at the annual meeting are set forth below: 1. Each of the director nominees listed below was elected to serve for a one-year term expiring in 2025: Nominee For Votes " Against " Abstentions or Votes Withheld Brent K. Bilsland 24,771,222 817,927 42,336 Zarrell Gray 25,107,220 481,925 42,340 David C. Hardie 22,326,455 3,262,795 42,235 Bryan H. Lawrence 22,330,446 3,258,704 42,335 David J. Lubar 22,197,333 3,391,817 42,335 Charles R. Wesley, IV 16,967,475 8,658,899 5,111 2. Approved, on an advisory basis, the executive compensation: Votes " For " Votes " Against " Abstentions or Votes Withheld 18,307,213 7,309,952 14,320 3. Ratified Grant Thorton as our independent registered public accountant: Votes " For " Votes " Against " Abstentions or Votes Withheld 30,976,216 217,238 29,502
01 – Financial Statements and Exhibits
Item 9.01 – Financial Statements and Exhibits (d) Exhibits Exhibit Number Document Name 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. June 3, 2024 By: /s/MARJORIE HARGRAVE Marjorie Hargrave Chief Financial Officer