Franklin Covey Co. Announces Replenishment of Share Repurchase Program Up to $50 Million and Adoption of Rule 10b5-1 Trading Plan
Franklin Covey Co. ((FC), a leader in organizational performance improvement that creates and distributes world-class solutions, including content, training, processes, and tools that organizations and individuals use to achieve systemic changes in human behavior to transform their results, today announced that its Board of Directors has approved replenishing the Company's authorization to repurchase up to an aggregate amount of $50 million of its outstanding common stock. The Board also authorized the adoption of a 10b5-1 trading plan that will facilitate consistent share repurchases in compliance with applicable securities law. As previously reported on the Company's fiscal Q3 2025 earnings call, Franklin Covey had repurchased approximately $17 million of its common stock on the open market in FY2025 and had approximately $28 million remaining as of May 31, 2025, under the Board's prior $50 million repurchase authorization. This new reauthorization includes any amounts remaining under the Company's existing program.
"Consistent with our strategic and capital allocation priorities, we believe that making up to $50 million available in our share repurchase program and adopting a 10b5-1 plan are effective tools to return capital to shareholders," said Paul Walker, Chief Executive Officer. "We believe that our current share price does not reflect the value which we expect our business plan to deliver to shareholders in the coming years and believe that expanding our repurchase program at this time provides us with the opportunity to capture significant additional value for our shareholders."
Share purchases under the program may be made from time to time in open market transactions, in privately negotiated deals, or otherwise, including pursuant to the 10b5-1 trading plan, and will depend on market conditions and other corporate considerations. The repurchase program has no time limit and may be modified, suspended, or discontinued at any time at the Company's discretion and the program does not obligate the Company to acquire any particular number of shares. The timing and total amount of stock repurchases will depend upon business, economic and market conditions, corporate and regulatory requirements, prevailing stock prices, and other considerations.
About Franklin Covey Co.
Franklin Covey Co. (NYSE:FC) is the premier organizational performance partner of choice, with directly owned and licensee partner offices providing professional services in over 160 countries and territories. With its Enterprise and Education Divisions, the Company transforms organizations by partnering with clients to build leaders, teams, and cultures that get breakthrough results through collective action. Available through the FranklinCovey All Access Pass and Leader in Me membership, FranklinCovey's best-in-class content, solutions, experts, technology, and metrics seamlessly integrate to produce lasting behavior change at scale. Solutions are available in multiple delivery modalities in more than 20 languages.
This approach to leadership and organizational change has been tested and refined by working with tens of thousands of teams and organizations over the past 30 years. Clients have included organizations in the Fortune 100, Fortune 500, thousands of small and mid-sized businesses, and numerous educational institutions and government entities. To learn more, visit http://www.franklincovey.com and enjoy exclusive content across FranklinCovey's social media channels at: LinkedIn, Facebook, Twitter, Instagram, and YouTube.
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