Boston Acoustics Announces Common Stock Repurchase Program and Quarterly Dividend Payment.Business Editors PEABODY, Mass.--(BUSINESS WIRE)--Nov. 14, 2001 Boston Acoustics Founded in 1979, Boston Acoustics is a high end manufacturer of home and mobile audio equipment operated out of Peabody, Massachusetts. Boston produces speakers for the home and cars. , Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :BOSA), announced today that its Board of Directors has authorized an increase to its current stock repurchase Stock repurchase A firm's repurchase of outstanding shares of its common stock. program under which the Company may repurchase up to an additional 500,000 shares of its currently outstanding common stock shares (4,635,595) for general corporate purposes. The Company plans to accomplish the repurchase program in open market transactions from time to time. The Company also announced that a quarterly dividend payment of $.085 per share was approved by the Board of Directors and is to be made on January 25, 2002 to stockholders of record as of December 21, 2001. Boston Acoustics, Inc. provides audio solutions for home entertainment, automobiles and personal computers. Founded in 1979, Boston Acoustics is located in Peabody, Massachusetts Peabody (pronunciation IPA: /ˈpiːbədi/) is a city in Essex County, Massachusetts, United States. As of the 2000 census, the population was 48,129. Peabody is located on the North Shore. . |
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