Rocky Brands Inc. announced that its board of directors has approved a new share repurchase program of up to $7.5 million of the company’s outstanding common stock, no par value per share.

This repurchase program replaces the previous repurchase program authorized by the board of directors that expired on March 1, 2018.

Repurchases under the company’s new program will be made in open market or privately negotiated transactions in compliance with Securities and Exchange Commission Rule 10b-18, subject to market conditions, applicable legal requirements and other relevant factors. This share repurchase plan does not obligate the company to acquire any particular amount of common stock, and it may be suspended at any time at the company’s discretion.

Rocky Brands include Rocky, Georgia Boot, Durango, Lehigh, Creative Recreation and the licensed brand Michelin.