Acme United Corporation Announces Rule 10b5-1 Trading Plan
Acme United Corporation (NYSE American: ACU) has announced the establishment of a pre-arranged trading plan under Rule 10b5-1, allowing for common stock repurchases over the next twelve months. This trading plan aims to provide flexibility during periods when the company may be restricted from trading due to insider trading laws. The plan will be managed by an independent broker and will adhere to set parameters regarding price, volume, and timing. Actual share repurchases will be reported periodically, though no assurance is provided on the amount or timing of such repurchases.
- Establishment of a pre-arranged trading plan under Rule 10b5-1, providing structure to stock repurchases.
- Flexibility in timing for stock repurchases, mitigates insider trading restrictions.
- No assurance on the amount, timing, or prices of the repurchases, adding uncertainty.
- Market conditions may impact the execution of the trading plan, posing risks to effective repurchases.
SHELTON, Conn., Nov. 12, 2021 (GLOBE NEWSWIRE) -- Acme United Corporation (NYSE American: ACU) announced that it has established a pre-arranged trading plan, as part of the Company’s existing stock repurchase programs, in accordance with Rule 10b5-1 of the Securities Exchange Act of 1934, as amended. The Rule 10b5-1 trading plan will permit common stock to be repurchased over a twelve-month period, at times that the Company might otherwise be precluded from doing so under insider trading laws or self-imposed trading restrictions. The Rule 10b5-1 trading plan will be administered by an independent broker and will be subject to preset price, volume and timing restrictions set forth in the plan.
Repurchases of shares under the Rule 10b5-1 Plan will also be intended to comply with the requirements of Rule 10b-18 under the Exchange Act. Any actual repurchases under the Rule 10b5-1 Plan will be disclosed in the periodic reports which the Company files under the Exchange Act. There is no assurance as to the amount, timing or prices of repurchases, all of which will vary based on market conditions and other factors, as well as being subject to the present parameters set forth in the plan.
ACME UNITED CORPORATION is a leading worldwide supplier of innovative safety solutions and cutting technology to the school, home, office, hardware, sporting goods and industrial markets. Its leading brands include First Aid Only®, First Aid Central®, PhysiciansCare®, Pac-Kit®, Spill Magic®, Westcott®, Clauss®, Camillus®, Cuda®, DMT®, and Med-Nap. For more information, visit www.acmeunited.com.
Forward-looking statements in this report, including without limitation, statements related to the Company’s plans, strategies, objectives, expectations, intentions and adequacy of resources, are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that such forward-looking statements involve risks and uncertainties including the impact that the global COVID-19 pandemic has had and will continue to have on the Company’s business, operations and financial results. These include the extent of the COVID-19 pandemic, including the duration, spread, severity, and any recurrence of the COVID-19 pandemic including through existing and any new variant strains of the underlying virus; the continuing effectiveness, global availability, and public acceptance of vaccines; the duration and scope of pandemic-related government orders and restrictions on commercial and other activities, including retail store, office, school and restaurant closures; the duration and scope of the Company’s actions to maintain employee health at our offices, production facilities and distribution centers; the extent of the impact of the COVID-19 pandemic on overall demand for the Company’s products; the pace and strength of economic recovery and the heightened impact the pandemic has on many of the risks described herein, including, without limitation, risks relating to the on-going world-wide economic turbulence, and potential disruptions in our supply chain, any of which could adversely impact the Company’s ability to manufacture, source or distribute it products, both domestically and internationally.
These risks and uncertainties further include, without limitation, the following: (i) changes in the Company’s plans, strategies, objectives, expectations and intentions, which may be made at any time at the discretion of the Company; (ii) the impact of uncertainties in global economic conditions, whether caused by COVID-19 or otherwise, including the impact on the Company’s suppliers and customers; (iii) the potential disruptions in the Company’s supply chains, whether caused by COVID-19 or otherwise; (iv) changes in client needs and consumer spending habits, including COVID-19 related changes; (v) the impact of competition; (vi) the impact of technological changes including, specifically, the growth of online marketing and sales activity; (vii) the Company’s ability to manage its growth effectively, including its ability to successfully integrate any business it might acquire; (viii) the Company’s ability to effectively manage its inventory in a rapidly changing business environment, including additional inventory acquired to respond to COVID-19 related uncertainties; (ix) the impact of any increases in inflation; (x) currency fluctuations; (xi) international trade policies and their impact on demand for our products and our competitive position, including the imposition of new tariffs or changes in existing tariff rates; and (xii) other risks and uncertainties indicated from time to time in the Company’s filings with the Securities and Exchange Commission.
CONTACT:
Paul G. Driscoll
Acme United Corporation
1 Waterview Drive
Shelton, CT 06484
Phone: (203) 254-6060
FAX: (203) 254-6521
FAQ
What is the significance of Acme United's Rule 10b5-1 trading plan announced in November 2021?
How will the stock repurchase plan affect Acme United's share price?
When will Acme United disclose the share repurchases made under the Rule 10b5-1 plan?
What risks are associated with Acme United's stock repurchase plan?
What is the duration of the trading plan established by Acme United?
