SEC Filing Summary: Wayside Technology Group, Inc.
Business Context and Reporting Period
This Form 8-K was filed by Wayside Technology Group, Inc. on December 5, 2014, reporting events occurring on December 3, 2014. The filing addresses corporate actions regarding the company's common stock repurchase program.
Key Financial Metrics
The filing does not provide data on revenue, profit, cash flow, margins, debt, or liquidity. The only quantitative data relates to share repurchases:
- Total shares repurchased as of December 3, 2014: 2,305,066
- Remaining authorized shares prior to new approval: 205,947
- Additional shares authorized by the Board: 500,000
- Total remaining authorized shares after approval: 705,947
Material Changes
The Board of Directors approved an increase of 500,000 shares to the number of shares available for repurchase under the company's existing plans. This action increased the remaining authorized balance from 205,947 to 705,947 shares.
Guidance, Outlook, and Risks
The filing contains no financial guidance, outlook, management commentary on operations, or discussion of risks and contingencies. The document is limited to the disclosure of the stock repurchase authorization increase.
Investor Verification Checklist
- Verify the total number of shares repurchased (2,305,066) against the company's most recent 10-K or 10-Q filings.
- Confirm the total authorized share count for the repurchase program to ensure the new balance of 705,947 is accurate.
- Review the company's capital structure to assess the impact of future repurchases on liquidity.