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Zagg launches share repurchase program

Published December 13, 2012 9:32 am

This is an archived article that was published on sltrib.com in 2012, and information in the article may be outdated. It is provided only for personal research purposes and may not be reprinted.

ZAGG Inc., a Salt Lake City-based provider of mobile device accessories that include protective coverings to prevent scratches and dents, said its board of directors has authorized a share repurchase program under which the company may acquire up to $10 million of its outstanding stock.

"The share repurchase program demonstrates our commitment to building long-term shareholder value and our confidence in the growth potential of ZAGG," Randy Hales, president and CEO said in a statement announcing the new initiative.

He said the company will consider repurchasing its shares from time to time over the next 12 months.