Lazydays Holdings has announced that its board of directors has authorized the repurchase of up to $4 million of the company’s common stock. Repurchases may be made at management’s discretion from time to time on the open market, though privately negotiated transactions, or pursuant to a trading plan.
Repurchases may be made through Dec. 31, 2020, or may be discontinued at any time.
“Based on the confidence we have in our growth strategy, the board of directors and management team believe that the company’s shares are an attractive investment opportunity,” said William Murnane, chairman and CEO. “Our strong cash and working capital position enable us to return value to shareholders through share repurchases, while at the same time maintaining sufficient capital to support our long-term growth strategy.”