Business Context and Reporting Period
Company: Regional Management Corp.
Filing Type: Form 8-K (Current Report)
Date of Report: June 10, 2016
Event: Completion of a previously authorized stock repurchase program.
Key Financial Metrics
This filing does not report revenue, profit, cash flow, margins, debt, or liquidity metrics. It focuses exclusively on capital structure changes related to share repurchases.
- Shares Repurchased: 1,546,106
- Weighted-Average Price: $16.17 per share
- Total Program Authorization: Up to $25 million
- Shares Outstanding Post-Completion: 11,415,129
Material Changes
The Company completed the Stock Repurchase Program authorized on February 8, 2016. The reduction in outstanding shares represents a material change to the Company's capitalization structure.
Guidance, Outlook, and Risks
The filing contains no forward-looking guidance, management commentary on future operations, or discussion of risks and contingencies beyond the completion of the repurchase program.
Investor Verification Checklist
- Verify the total cash outflow for the repurchase program against the $25 million authorization limit.
- Confirm the updated share count of 11,415,129 in subsequent filings.
- Review the impact of the share reduction on earnings per share (EPS) in the next quarterly report.