Zumiez said its board of directors has approved the repurchase of up to an aggregate of $20 million of its common stock. The repurchases will be made from time to time on the open market at prevailing market prices. The New Repurchase Program is expected to continue through the fiscal year 2013 that will end on Feb. 1, 2014, unless the time period is extended or shortened by the Board of Directors.
The New Repurchase Program is in addition to the authorization to repurchase up to an aggregate of $22 million of Common Stock that was previously approved by the Board of Directors on Nov. 13, 2012 and disclosed on a report on Form 8-K filed on Nov. 14, 2012 (the “Prior Repurchase Program”). As of Dec. 17, 2012, the Prior Repurchase Program was completed.
