What is the process for repurchasing corporate stock?

In New Hampshire, the process for repurchasing corporate stock is relatively straightforward. First, the board of directors of the corporation must pass a resolution authorizing the repurchase of corporate stock. This resolution will be filed with the New Hampshire Secretary of State. Next, the corporation must publicly announce its intention to repurchase the corporate stock. This announcement must be made to all shareholders of the corporation and should include the exact terms of the repurchase agreement. Following this announcement, the corporation may begin its repurchase program. The repurchase of the stock may occur through open market purchases, private purchases or a combination of both. The corporation must maintain records of all transactions and make these records available to the public. Lastly, when the repurchase program is complete, the corporation must publicly announce the termination of the repurchase program. This announcement must include the total number of shares repurchased, the average price per share paid, and the total cost of the repurchase program.

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What is the process for repurchasing corporate stock?

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