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)
January 3, 2013
Commission File No. 001-34269
Sharps Compliance Corp.
(Exact Name Of Registrant As Specified In Its Charter)
Delaware | 74-2657168 | |
| (State Or Other Jurisdiction Of Incorporation Or Organization) | (IRS Employer Identification No.) |
9220 Kirby Drive, Suite 500 Houston, Texas 77054 |
| (Address Of Principal Executive Offices) |
(Registrant's Telephone Number, Including Area Code)
(713) 432-0300
| 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: | ||
| [ ] | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) | |
| [ ] | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) | |
| [ ] | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) | |
| [ ] | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) | |
TABLE OF CONTENTS
| Item 7.01 | Regulation FD Disclosure. |
| Item 9.01 | Financial Statements and Exhibits |
| SIGNATURES INDEX TO EXHIBITS Press Release |
Item 7.01. Regulation FD Disclosure.
On January 7, 2013, the Company announced that its Board of Directors has approved a stock repurchase program effective January 3, 2013, authorizing the Company to repurchase in the aggregate up to $3 million of its outstanding common stock over a two-year period. A copy of the press release is attached as Exhibit 99.1.
The shares would be repurchased from time to time on the open market or in privately negotiated transactions, at the Company's discretion, in each case, in compliance with Rule 10b-18 under the Securities Exchange Act of 1934, as amended, subject to market and business conditions, applicable legal requirements, explicit black-out dates and other factors. The repurchases will be funded using the Company's available cash balances and cash generated from operations. The program does not obligate the Company to acquire any particular amount of common stock and may be modified, suspended or terminated at any time at the Company's discretion in accordance with Rule 10b-18.
The information in this Current Report is being furnished pursuant to Item 2.02 including Exhibit 99.1 of Form 8-K and shall not be deemed to be "filed" for the purposes of Section 18 of the Securities Act of 1934, as amended (the "Exchange Act"), and Section 11 of the Securities Act of 1933, as amended, otherwise subject to the liabilities of those sections nor incorporated by reference in any filing under the Exchange Act unless specifically referenced in such subsequent filing as being incorporated by reference. The Company does not undertake a duty to update the information in this Current Report and cautions that the information included in this Current Report is current only as of January 7, 2013 and may change thereafter.
Item 9.01. Financial Statements and Exhibits.
(a) | Financial Information |
Not applicable. | |
(b) | Pro Forma Financial Information |
Not applicable. | |
(c) | Exhibits |
Exhibit | Description |
99.1 | Press Release, dated January 7, 2013. |
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 hereunto duly authorized.
| Sharps Compliance Corp. | ||
| By: | /s/ DIANA P. DIAZ Diana P. Diaz Vice President and Chief Financial Officer | |
Date: January 7, 2013 | ||
INDEX TO EXHIBITS
| Exhibit Number | Description |
| 99.1 | Press Release, dated January 7, 2013. |