INPUT/OUTPUT ANNOUNCES STOCK REPURCHASE PLAN
INPUT/OUTPUT ANNOUNCES STOCK REPURCHASE PLAN STAFFORD, Texas, Oct. 30 /PRNewswire/ -- Input/Output, Inc.
(NASDAQ: IPOP) announced today that its board of directors has authorized the repurchase of up to 510,375 shares of its common stock with repurchases to be effected from time to time as determined by the officers of the company.
The shares so repurchased will be held by Input/Output as treasury shares to be used to satisfy obligations of the company under its amended 1990 stock option plan and amended and restated 1991 outside directors stock option plan. Input/Output, Inc., headquartered in Stafford, has designed, manufactured and marketed seismic instruments worldwide for 24 years. -0- 10/30/92 /CONTACT: Christine R. Eilert of Input/Output, Inc., 713-240-2200/ (IPOP) CO: Input/Output, Inc. ST: Texas IN: SU:
CK -- NY066 -- 7151 10/30/92 13:34 EST
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|Date:||Oct 30, 1992|
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