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8-K Filing
American Woodmark (AMWD) 8-KOther Events
Filed: 17 Jul 06, 12:00am
Exhibit 99.1
News Release
P. O. Box 1980
Winchester, VA 22604-8090
FOR IMMEDIATE RELEASE
Contact: Glenn Eanes
Vice President and Treasurer
540-665-9100
AMERICAN WOODMARK CORPORATION
ANNOUNCES COMMON STOCK REPURCHASE AUTHORIZATION
Winchester, Va. (July 17, 2006) — American Woodmark Corporation (NASDAQ/NM: AMWD) today announced that the Company’s Board of Directors authorized the repurchase of $20 million in common stock. The additional authorization increases the total repurchase program, initiated in 2001, to $70 million. To date, the Company has repurchased $48.6 million in common stock of the previous $50 million authorized.
American Woodmark Corporation manufactures and distributes kitchen cabinets and vanities for the remodeling and new home construction markets. Its products are sold on a national basis directly to home centers, major builders and home manufacturers and through a network of independent distributors.
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