Item 2.02. Results of Operations and Financial Condition
On October 22, 2014, Monarch Casino & Resort, Inc. (the "Company") issued a press release announcing its financial results for the quarter ended September 30, 2014. A copy of the press release is attached to this Current Report as Exhibit 99.1.Item 7.01. Regulation FD Disclosure
In the Press Release, the Company also announced that, effective October 22, 2014, its Board of Directors authorized a program to repurchase up to 3,000,000 shares of the Company's outstanding common stock. The repurchase program is eligible to commence on October 27, 2014 and will continue until exhausted. Shares may be repurchased from time to time in open market transactions at prevailing market prices, in privately negotiated transactions, or by other means in accordance with federal securities laws. The actual timing, number and value of shares repurchased under the program will be determined by management at its discretion and will depend on a number of factors, including the market price of the Company's stock, general market and economic conditions and applicable legal requirements. This authorization does not obligate the Company to acquire any specific amount of common stock and the program may be suspended at the Company's discretion at any time. Item 9.01. Financial Statements and Exhibits
(d) Exhibits
99.1 Press Release of Monarch Casino and Resort, Inc. dated October 22, 2014
SIGNATURE 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. |
