false 0001354866 0001354866 2022-02-15 2022-02-15

 

Washington, D.C. 20549

 

FORM 8-K

 

 

Date of Report (Date of earliest event reported): February 15, 2022

 

(Exact name of registrant as specified in its charter)

 

(State or other jurisdiction of incorporation)

 

 

Andover, MA 01810

(Address and Zip Code of principal executive offices)

 

(978) 868-5011

(Registrant’s telephone number, including area code)

 

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:

 

 

 

 

 

Securities registered pursuant to Section 12(b) of the Act:

 

 

 

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

 

Emerging growth company ☐

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

 

 

 

As previously reported, on December 5, 2021, the Board of Directors (the “Board”) of Byrna Technologies Inc. (the “Company”) authorized a stock repurchase program (the “Program”). Under the Program, the Company may repurchase up to $30 million of its common stock during a period of two years. The Program permits shares to be repurchased in open market or private transactions, through block trades, and pursuant to any trading plan that may be adopted in accordance with Rule 10b5-1 under the Securities Exchange Act of 1934, as amended (the “Exchange Act”).

 

On February 15, 2022, the Board adopted a stock repurchase plan for up to $10.0 million in shares of the Company’s common stock (the “Plan”) in accordance with, and as a part of the Program, which will be in effect through April 29, 2022. The Plan was adopted in accordance with guidelines specified by Rule 10b5-1 and under Rule 10b-18 under the Exchange Act. Repurchases will be administered through an independent broker. There can be no assurance as to the exact number, or aggregate value, of shares of common stock that may be repurchased by the Company under the Plan.

 

On February 16, 2022, the Company issued a press release in connection with the adoption of the Plan. A copy of such press release is furnished as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein by reference.

 

 

 

 

 

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.