Mayville Engineering Company, Inc. Announces ESOP Safe Harbor Funding Share Repurchase Program
Mayville Engineering Company, Inc. (MEC)
Last mayville engineering company, inc. earnings: 2/26 05:00 pm
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Source: Business Wire
MAYVILLE, Wis.--(BUSINESS WIRE)-- Mayville Engineering Company (NYSE: MEC) (the “Company” or “MEC”), a leading U.S.-based value-added manufacturing partner that provides a broad range of prototyping and tooling, production fabrication, coating, assembly and aftermarket services, today announced that the Company’s board of directors has authorized a share repurchase program of up to $4.0 million of shares of the Company’s common stock. The program will allow the Company to use the repurchased shares to meet its required 2019 safe harbor funding obligation under the Company’s Employee Stock Ownership Plan (the “Plan”). Under the Plan, the Company is required to fund a minimum of 3% of eligible compensation to qualifying participants by way of cash, stock purchases, or any combination thereof. These share purchases may be made at the discretion of the Company, from time to time, in the open market a
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MEC
Earnings
- 11/5/24 - Beat
MEC
Sec Filings
- 11/8/24 - Form 4
- 11/8/24 - Form 4
- 11/7/24 - Form 4/A
- MEC's page on the SEC website