Nelsonville, Ohio-based Rocky Brands Inc.’s board has approved a new share repurchase program of up to $7.5 million of the company’s outstanding common stock, no par value per share. This program replaces the previous repurchase program that expired on Feb. 28, 2020.
Repurchases under the company’s new program will be made in open market or privately negotiated transactions, subject to market conditions, applicable legal requirements and other relevant factors. This share repurchase plan does not obligate the Rocky Brands to acquire any particular amount of common stock, and it may be suspended at any time at the company’s discretion.
Rocky Brands designs, manufactures and markets footwear and apparel under a portfolio of brand names that include Rocky, Georgia Boot, Durango, Lehigh and the licensed brand Michelin.