Business Context and Reporting Period
Company: Oil States International, Inc.
Filing Type: Form 8-K (Current Report)
Date of Report: March 2, 2005
Event: Authorization of a 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 corporate action regarding capital allocation.
Material Changes
The Board of Directors authorized the repurchase of up to $50,000,000 of the Company's Common stock, par value $.01 per share. This represents a new authorization for capital return to shareholders.
Guidance, Outlook, and Management Commentary
The filing incorporates a press release (Exhibit 99.1) announcing the stock buyback. No specific financial guidance, outlook, risk factors, or contingencies are detailed within the text of this 8-K form.
Investor Verification Checklist
- Verify the current market price of Oil States International, Inc. common stock to assess the potential share count impact of the $50 million authorization.
- Review the full text of the press release (Exhibit 99.1) for details on the repurchase timeline, method, and any conditions.
- Check the company's most recent 10-K or 10-Q to determine available cash and liquidity levels to fund the repurchase.
- Confirm if this authorization supersedes or adds to any existing stock repurchase programs.