This page provides an overview of recent corporate actions at ROFIN-SINAR Technologies, such as share buyback programs, stock splits or increases of capital stock.
Fiscal Year 2004 - Secondary Offering
In April 2004, the Company conducted a secondary offering of 2.86 million shares of its common stock at the issuing price of $28.00 per share. The net proceeds from the offering allowed for an increase in working capital, other general corporate purposes and for acquisitions of complementary products, technologies or businesses.
Fiscal Year 2007 - Share Buyback Program and Share Split
On November 7, 2007, the Board of Directors of ROFIN-SINAR Technologies Inc. approved its first stock buyback plan. The buyback program authorized the repurchase of up to $120 million of the Company's Common Stock, or approximately 10% of the shares of Common Stock. The share buyback program was authorized to begin November 15, 2007. As of May 17, 2008, the Company has bought approximately 2.8 million shares of common stock under the stock buyback program for a total amount of $120.0 million, with no remaining shares to be repurchased. Overview share repurchases
On November 7, 2007, the Board also approved a 2-for-1 stock split. The stock split was in the form of a dividend of one share of Common Stock on each outstanding share and the distribution date was December 5, 2007, for shareholders of record as of November 22, 2007. Ex split trading date was December 6, 2007.
Fiscal Year 2010 - Share Buyback Program
On May 5, 2010, the Board of Directors authorized the Company to initiate a share buyback of up to $30.0 million of the Company’s Common Stock over twelve months, subject to market conditions. Through March 31, 2011, the Company has purchased approximately 1.1 million shares of common stock under the stock buyback program for a total price of approximately $28.2 million, with no remaining shares to be repurchased. Overview share repurchases
Overview historical splits (external link)
