Business Context and Reporting Period
Company: Oil States International, Inc.
Filing Type: Form 8-K (Current Report)
Date of Report: January 18, 2008
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 announces 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 filing 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. The press release detailing the announcement is filed as Exhibit 99.1.
Investor Verification Checklist
- Verify the total remaining authorization amount for stock repurchases by reviewing prior 8-K filings or the most recent 10-K/10-Q.
- Confirm the specific terms of the repurchase program (e.g., open market purchases vs. negotiated transactions) in the attached press release (Exhibit 99.1).
- Monitor subsequent filings for actual execution of the $50 million repurchase authorization.