The Marketing Alliance Announces Share Repurchase Program
The Marketing Alliance (OTC: MAAL) has announced a share repurchase program authorizing the buyback of up to 800,000 shares of common stock, effective immediately through September 30, 2025. The Board has simultaneously decided to discontinue dividend payments, marking a significant shift from the company's dividend distribution strategy maintained since 1996. The company cites that its dividend policy was not adequately reflected in the stock price. Recent company developments include filling two leadership positions, introducing a new logo, and integrating new customer-centric technologies. The repurchase program will be executed through private or open market transactions, with timing and purchase details determined by management based on market conditions.
L'Alliance Marketing (OTC: MAAL) ha annunciato un programma di riacquisto di azioni che autorizza il buyback di fino a 800.000 azioni di capitale comune, con effetto immediato fino al 30 settembre 2025. Il Consiglio ha contemporaneamente deciso di interrompere il pagamento dei dividendi, segnando un cambiamento significativo rispetto alla strategia di distribuzione dei dividendi dell'azienda mantenuta dal 1996. L'azienda cita che la sua politica di dividendi non era adeguatamente riflessa nel prezzo delle azioni. Gli sviluppi recenti dell'azienda includono la copertura di due posizioni dirigenziali, l'introduzione di un nuovo logo e l'integrazione di nuove tecnologie focalizzate sul cliente. Il programma di riacquisto sarà eseguito attraverso transazioni private o di mercato aperto, con tempi e dettagli degli acquisti determinati dalla direzione in base alle condizioni di mercato.
La Alianza de Marketing (OTC: MAAL) ha anunciado un programa de recompra de acciones que autoriza la recompra de hasta 800,000 acciones ordinarias, con efecto inmediato hasta el 30 de septiembre de 2025. Al mismo tiempo, la Junta ha decidido interrumpir los pagos de dividendos, marcando un cambio significativo con respecto a la estrategia de distribución de dividendos de la compañía mantenida desde 1996. La empresa señala que su política de dividendos no estaba adecuadamente reflejada en el precio de las acciones. Los desarrollos recientes de la empresa incluyen la cobertura de dos puestos de liderazgo, la introducción de un nuevo logotipo y la integración de nuevas tecnologías centradas en el cliente. El programa de recompra se ejecutará a través de transacciones privadas o en el mercado abierto, con los horarios y detalles de compra determinados por la dirección según las condiciones del mercado.
마케팅 얼라이언스 (OTC: MAAL)가 80만 주의 보통주 매입을 승인하는 자사주 매입 프로그램을 발표했으며, 즉시 시행되어 2025년 9월 30일까지 유효합니다. 이사회는 동시에 배당금 지급을 중단하기로 결정했으며, 이는 1996년부터 유지되어온 회사의 배당금 분배 전략에서의 중대한 변화를 의미합니다. 회사는 배당 정책이 주가에 제대로 반영되지 않았다고 언급했습니다. 최근 회사의 발전에는 두 개의 리더십 직위를 채용하고, 새로운 로고를 도입하며, 고객 중심 기술을 통합하는 것이 포함됩니다. 매입 프로그램은 개인 거래 또는 공개 시장 거래를 통해 실행되며, 타이밍 및 구매 세부 사항은 시장 조건에 따라 관리진이 결정합니다.
L'Alliance Marketing (OTC: MAAL) a annoncé un programme de rachat d'actions autorisant le rachat de jusqu'à 800 000 actions ordinaires, prenant effet immédiatement jusqu'au 30 septembre 2025. Le Conseil a simultanément décidé d'interrompre les paiements de dividendes, marquant un changement significatif par rapport à la stratégie de distribution de dividendes de l'entreprise maintenue depuis 1996. L'entreprise indique que sa politique de dividendes n'était pas correctement reflétée dans le prix de l'action. Les développements récents de l'entreprise incluent le remplissage de deux postes de direction, l'introduction d'un nouveau logo et l'intégration de nouvelles technologies centrées sur le client. Le programme de rachat sera exécuté par le biais de transactions sur le marché privé ou public, avec des délais et des détails d'achat déterminés par la direction en fonction des conditions du marché.
Die Marketing-Allianz (OTC: MAAL) hat ein Aktienrückkaufprogramm angekündigt, das den Rückkauf von bis zu 800.000 Aktien des Stammkapitals autorisiert und sofort bis zum 30. September 2025 gültig ist. Gleichzeitig hat der Vorstand beschlossen, die Dividendenzahlungen einzustellen, was einen erheblichen Wandel in der seit 1996 verfolgten Dividendenverteilung der Gesellschaft darstellt. Das Unternehmen gibt an, dass die Dividendenpolitik nicht ausreichend im Aktienkurs reflektiert wurde. Zu den jüngsten Entwicklungen des Unternehmens gehören die Besetzung zweier Führungspositionen, die Einführung eines neuen Logos und die Integration neuer kundenorientierter Technologien. Das Rückkaufprogramm wird durch private oder öffentliche Markttransaktionen durchgeführt, wobei die Zeitpunkte und Kaufdetails von der Geschäftsführung basierend auf den Marktbedingungen festgelegt werden.
- Authorization to repurchase up to 800,000 shares, potentially increasing shareholder value
- Recent operational improvements including new leadership roles and technology integration
- Financial strength indicated by ability to fund share repurchase program
- Immediate discontinuation of dividend payments after 28 years of consistent distributions
- Admission that current dividend strategy failed to maintain desired stock price levels
ST. LOUIS, Mo., Nov. 04, 2024 (GLOBE NEWSWIRE) -- The Marketing Alliance, Inc. (OTC: MAAL) (“TMA” or the “Company”), announced today the Company's Board of Directors has authorized a share repurchase program to repurchase up to 800,000 shares of the Company's issued and outstanding common stock, effective immediately and concluding September 30, 2025. Concurrent with this authorization the Board of Directors has decided to discontinue paying dividends effective immediately.
Timothy Klusas, the Company's President and Chief Executive Officer, stated, “The share repurchase authorization represents our financial strength and commitment to enhance shareholder value, and the Board’s willingness to change tactics to do so. The Board recognized, nor did it take lightly, that this action would be a significant change in our shareholder distribution strategy of paying dividends, which the Company has paid consistently since its founding in 1996. The Board arrived at this decision after monitoring the stock price while paying dividends and has concluded in its judgement that its dividend policy was not adequately reflected in the stock price.”
Mr. Klusas concluded, “A key part of this decision was to continue to invest in the operating business. In just the last 90 days, the Company has filled two key open leadership roles, introduced a new logo to reflect a more modern customer-centric company, and integrated new tools and technologies on to our platform for customers to save time, save expense, and drive better outcomes for their customers, which has been our hallmark.”
Repurchases under the program may be made through privately negotiated transactions or open market transactions, including pursuant to a trading plan in accordance with Rule 10b5-1 and/or Rule 10b-18 under the Securities Exchange Act of 1934, as amended. The timing, number and purchase price of shares repurchased under the program, if any, will be determined by management in its discretion and will depend on a number of factors, including the market price of the shares as a percentage of tangible book value, general market and economic conditions, applicable legal requirements and other conditions, and there is no assurance that the Company will purchase any shares under the program.
The repurchase program may be suspended, terminated or modified at any time for any reason, including market conditions, the cost of repurchasing shares, the availability of alternative investment opportunities, liquidity, and other factors deemed appropriate. These factors may also affect the timing and amount of share repurchases. The repurchase program does not obligate the Company to purchase any number of shares.
About The Marketing Alliance, Inc.
Headquartered in St. Louis, MO, TMA provides support to independent insurance brokerage agencies, with a goal of integrating insurance and “insuretech” engagement platforms to provide members value-added services on a more efficient basis than they can achieve individually.
Investor information can be accessed through the shareholder section of TMA’s website at:
http://www.themarketingalliance.com/shareholder-information.
TMA’s common stock is quoted on the OTC Markets (http://www.otcmarkets.com) under the symbol “MAAL”.
Forward Looking Statement
This press release contains forward-looking statements including, among other things, statements regarding our intended share repurchases and expected shareholder benefits. Any forward-looking statements contained in this press release represent our estimates, expectations or intentions only as of the date hereof, or as of such earlier dates as are indicated, and should not be relied upon as representing our views as of any subsequent date. These statements involve a number of risks, assumptions and uncertainties. If the risks materialize, assumptions prove incorrect, or we experience unexpected changes in circumstances, actual results could differ materially from the results implied by these forward-looking statements. These risks and uncertainties include, but are not limited to, expectations of the economic environment, material adverse changes in economic conditions and the other risks contained in our other public disclosures discussing our business and financial condition and results. While we may elect to update forward-looking statements at some point in the future, we specifically disclaim any obligation to do so.
| Contact: | ||
| The Marketing Alliance, Inc. | -OR- | The Equity Group Inc. |
| Timothy M. Klusas, President | Jeremy Hellman, Vice President | |
| (314) 275-8713 | (212) 836-9626 | |
| tklusas@themarketingalliance.com www.TheMarketingAlliance.com | jhellman@equityny.com |
FAQ
How many shares is MAAL authorized to repurchase in its new buyback program?
When does MAAL's share repurchase program end?
Why did MAAL stop paying dividends in November 2024?
How long had MAAL been paying dividends before discontinuing them?
