UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): March 25, 2005
SRS LABS, INC.
(Exact Name of registrant as specified in its charter)
Delaware |
| 0-21123 |
| 33-0714264 |
(State or other jurisdiction of incorporation) |
| (Commission File Number) |
| (IRS Employer Identification No.) |
2909 Daimler Street Santa Ana, California | 92705 |
(Address of principal executive offices) | (Zip Code) |
Registrant’s telephone number, including area code: (949) 442-1070
Not Applicable
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2 (b))
o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 8.01. Other Events.
On March 25, 2005, the Company announced that the Company’s Board of Directors has approved a stock repurchase program. Under the stock repurchase program, the Company may acquire up to $3.0 million of the Company’s outstanding common stock. The stock repurchase program will become effective on the business day after the Company files its annual report on Form 10-K with the Securities and Exchange Commission and will continue over the next twelve months. Purchases may be made from time to time in the open market, in block purchases or in privately negotiated transactions, depending on market conditions, share price and other factors.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized
|
|
|
|
| SRS LABS, INC., |
| |
|
|
|
|
| a Delaware corporation |
| |
|
|
|
|
|
|
|
|
Date: March 25, 2005 |
|
|
|
|
|
|
|
|
|
|
|
| By: | /s/ THOMAS C.K. YUEN | |
|
|
|
|
|
| Thomas C.K. Yuen |
|
|
|
|
|
|
| Chairman of the Board and | |
|
|
|
|
|
| Chief Executive Officer | |
|
|
|
|
|
|
|
|
2