Business Context and Reporting Period
Company: Oil States International, Inc.
Filing Type: Form 8-K (Current Report)
Date of Report: August 28, 2006
Event: Authorization of additional common stock repurchase program.
Key Financial Metrics
This filing does not report revenue, profit, cash flow, margins, debt, or liquidity metrics. The document solely addresses a capital allocation decision.
Material Changes
The Board of Directors authorized an additional $50,000,000 for the repurchase of the Company's Common Stock (par value $.01 per share). This represents a new authorization for share buybacks effective as of the report date.
Guidance, Outlook, and Risks
The filing contains no forward-looking guidance, management commentary on operational outlook, or discussion of specific risks and contingencies beyond the standard disclosure of the stock repurchase authorization. No unusual items were reported in this document.
Investor Verification Checklist
- Verify the total remaining authorization under the Company's existing and new stock repurchase programs.
- Review the attached press release (Exhibit 99.1) for specific terms regarding the timing and execution of the repurchases.
- Confirm the Company's current cash position and debt levels in the most recent 10-Q or 10-K to assess the impact of this $50 million commitment on liquidity.
- Check subsequent filings for actual repurchase activity and the number of shares acquired under this authorization.