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Korn Ferry (NYSE:KFY), a global consulting firm, today announced that its Board of Directors has approved an increase to the Company's existing share repurchase program. The Board has authorized the purchase of up to an additional $250 million of the Company's shares, bringing the total available capacity under the existing program to $331.4 million.
"We are pleased to announce another increase in our stock repurchase program as part of our balanced capital allocation strategy," said Gary D. Burnison, CEO, Korn Ferry. "This move reflects our continued confidence in the strength of the business."
Repurchases may be made from time to time, in the discretion of the Company, on the open market, through privately negotiated transactions, or other methods. The timing and amount of repurchases will depend on market conditions, share price, trading volume, and other factors. The program does not obligate the Company to repurchase any specific dollar amount or number of shares, and it may be extended, modified, suspended, or discontinued at any time. No assurance can be given that any particular amount of shares will be repurchased.
Posted In: KFY
