Current Report Filing (8-k)
November 02 2015 - 1:04PM
Edgar (US Regulatory)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): October 29, 2015
AAON, INC.
(Exact name of Registrant as Specified in Charter)
|
| | |
Nevada | 0-18953 | 87-0448736 |
(State or Other Jurisdiction | (Commission File Number: ) | (IRS Employer Identification No.) |
of Incorporation) | | |
| | |
2425 South Yukon, Tulsa, Oklahoma | | 74107 |
(Address of Principal Executive Offices) | | (Zip Code) |
(Registrant's telephone number, including area code): (918) 583-2266
Not Applicable
(Former Name or Former Address, if Changed Since Last Report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 8.01 Other Events.
The Company today announced that its Board of Directors declared a regular semi-annual cash dividend of $0.11 per share on October 29, 2015. The dividend will be payable December 23, 2015, to stockholders of record as of the close of business on December 2, 2015.
The Board also authorized $25 million for use under the Company’s stock buyback program. Under the terms of the stock buyback program, the Company will repurchase shares from time to time in the open market or through privately negotiated transactions at prevailing market prices, depending on market conditions. Repurchased shares will be restored to the status of authorized but unissued stock.
A copy of the Company's press release is furnished as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein by reference.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
|
| | | | |
Exhibit Number | | Description |
| | | | |
99.1 | | Press release dated November 2, 2015 announcing semi-annual cash dividend and stock buyback program. |
SIGNATURES
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.
|
| | | |
| | AAON, INC. |
| | | |
Date: | November 2, 2015 | By: | /s/ Luke A. Bomer |
| | | Luke A. Bomer, Secretary |
Exhibit 99.1
|
| | | | |
NEWS BULLETIN | | AAON, Inc. |
| 2425 South Yukon Ave. Ÿ Tulsa, OK 74107-2728 |
| Ÿ Ph: (918) 583-2266 Ÿ Fax: (918) 583-6094 Ÿ |
| Ÿhttp://www.aaon.comŸ |
| | | For Further Information: |
FOR IMMEDIATE RELEASE November 2, 2015 | | Jerry R. Levine Ÿ Phone: (914) 244-0292 Ÿ Fax: (914) 244-0295
|
| Email: jrladvisor@yahoo.com |
AAON REPORTS REGULAR SEMI-ANNUAL CASH DIVIDEND
AND AUTHORIZES $25 MILLION FOR STOCK REPURCHASE
TULSA, OK, November 2, 2015 - AAON, Inc. (NASDAQ-AAON), today announced that its Board of Directors declared a regular semi-annual cash dividend of $0.11 per share on October 29, 2015. The dividend will be payable December 23, 2015, to stockholders of record as of the close of business on December 2, 2015.
The Board also authorized $25 million for use under the Company’s stock buyback program. Under the terms of the stock buyback program, the Company will repurchase shares from time to time in the open market or through privately negotiated transactions at prevailing market prices, depending on market conditions. Repurchased shares will be restored to the status of authorized but unissued stock.
Norman H. Asbjornson, AAON President and CEO, said, “We are pleased our strong capital position and significant free cash flow continues to allow us to return value to our stockholders through cash dividends and share repurchases.”
AAON, Inc. is a manufacturer of air conditioning and heating equipment consisting of rooftop units, chillers, packaged outdoor mechanical rooms, air handling units, makeup air units, energy recovery units, condensing units, self-contained units and coils. Its products serve the new construction and replacement markets. The Company has successfully gained market share through its “semi-custom” product lines, which offer the customer value, quality, function, serviceability and efficiency.
Certain statements in this news release may be “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended. Statements regarding future prospects and developments are based upon current expectations and involve certain risks and uncertainties that could cause actual results and developments to differ materially from the forward-looking statements.
AAON (NASDAQ:AAON)
Historical Stock Chart
From Mar 2024 to Apr 2024
AAON (NASDAQ:AAON)
Historical Stock Chart
From Apr 2023 to Apr 2024
