Current Report Filing (8-k)
May 16 2023 - 11:36AM
Edgar (US Regulatory)
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0001089907
2023-05-16
2023-05-16
iso4217:USD
xbrli:shares
iso4217:USD
xbrli:shares
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): May 16,
2023
SWK HOLDINGS
CORPORATION
(Exact Name
of the Registrant as Specified in Its Charter)
Delaware
(State or
Other Jurisdiction of Incorporation)
| 001-39184 |
77-0435679 |
| (Commission
File Number) |
(IRS
Employer Identification No.) |
| |
|
| 14755
Preston Road, Suite 105, Dallas, TX |
75254 |
| (Address
of Principal Executive Offices) |
(Zip
Code) |
(972) 687-7250
(Registrant’s
Telephone Number, Including Area Code)
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)) |
Securities registered pursuant to
Section 12(b) of the Act:
| Title
of each class |
Trading
Symbol(s) |
Name
of each exchange on
which registered |
Common
Stock, par value
$0.001 per share |
SWKH |
The Nasdaq
Stock Market LLC
|
Indicate
by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405
of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). Emerging growth company o
If an emerging growth company, indicate
by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial
accounting standards provided pursuant to Section 13(a) of the Exchange Act. o
On May 16, 2023, SWK Holdings Corporation (the “Company”) announced
that the Board of Directors (“Board”) has authorized the Company to repurchase up to $10.0 million of the Company’s
outstanding shares of common stock from time-to-time until May 16, 2024, through a trading plan established in compliance with Rule 10b5-1
and Rule 10b-18 of the Securities Exchange Act of 1934, as amended.
The actual timing, number and value
of shares repurchased under the program will depend on several factors, including, the constraints specified in Rule 10b5-1 or Rule 10b-18,
as applicable, price, and general market conditions. There is no guarantee as to the exact number of shares that will be repurchased under
the trading plan. The Board may also suspend or discontinue the repurchase program at any time, in its sole discretion. The repurchase
period is May 16, 2023 through May 16, 2024.
Signature(s)
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.
| SWK HOLDINGS CORPORATION |
|
| |
|
|
| By: |
/s/ Joe D. Staggs |
|
| |
Joe D. Staggs |
|
| |
Chief Executive Officer |
|
Date: May 16, 2023
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