Taylor Devices, Inc. announces an Equity Buyback for 459,015 shares, representing 13% for $9.14 million.
January 10, 2024 at 07:51 am EST
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Taylor Devices, Inc. (NasdaqCM:TAYD) announces a share repurchase program. Under the program, the company will repurchase up to 459,015 shares, representing 13% of its issued and outstanding shares from the Ira Sochet Trust and the Ira Sochet Roth IRA, non-affiliates of the company. The agreed purchase price is $19.92 per share.
Taylor Devices, Inc. is engaged in the design, development, manufacture and marketing of shock absorption, rate control, and energy storage devices for use in various types of machinery, equipment, and structures. In addition to manufacturing and selling existing product lines, the Company develops new and advanced technology products. The Company manufactures and sells a group of similar products that have different applications for customers. These similar products are included in one of eight categories, namely, Seismic Dampers, Fluidicshoks, Crane and Industrial Buffers, Self-Adjusting Shock Absorbers, Liquid Die Springs, Vibration Dampers, Machined Springs, and Custom Actuators. Custom derivations of all these products are designed and manufactured for various aerospace and defense applications. Seismic Dampers are designed to mitigate the effects of earthquakes on structures. Fluidicshoks are small, compact shock absorbers with up to 19,200 inch-pound capacities.
TAYLOR DEVICES, INC. 
