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TriMas: Vp, Investor Relations & Communications

The following excerpt is from the company's SEC filing.

(248) 631-5506


Board Authorizes up to $50 Million Buyback

– TriMas Corporation (NASDAQ: TRS) – a diversified global manufacturer of engineered and applied products – announced today that its Board of Directors has authorized a share repurchase program that enables the Company to purchase up to $50 million of its outstanding common stock.

“The board’s authorization of the repurchase program provides for another capital allocation alternative, reflec ting our commitment to enhancing shareholder value,” said Dave Wathen, TriMas president and chief executive officer. “We expect our level of free cash flow generation to enable us to balance organic growth initiatives, debt reduction, investment in selective, value-creating acquisitions and share repurchases based on highest expected risk-adjusted returns, and optimize our capital structure.”

The program is effective immediately and has no expiration date. The shares may be repurchased from time to time in the open market or in privately negotiated transactions. The extent to which TriMas repurchases its shares, and the timing of such repurchases, will depend upon a...