Franklin Covey Co. Replenishes Share Repurchase Program Up to $50 Million, Adopts Rule 10b5-1 Trading Plan

Franklin Covey Co. has replenished its share repurchase program with a $50 million authorization. The company's board also adopted a 10b5-1 trading plan to facilitate consistent share repurchases. The repurchase program has no time limit and may be modified, suspended, or discontinued at any time. The timing and total amount of stock repurchases will depend on market conditions and other corporate considerations.

Franklin Covey Co. (NYSE: FC), a leading provider of organizational performance improvement solutions, has replenished its share repurchase program with a $50 million authorization. The company's board of directors approved this move, alongside the adoption of a 10b5-1 trading plan to facilitate consistent share repurchases. The repurchase program has no time limit and can be modified, suspended, or discontinued at any time at the company's discretion.

Previously, Franklin Covey had repurchased approximately $17 million of its common stock in fiscal year 2025, with approximately $28 million remaining under the prior $50 million authorization as of May 31, 2025. The new authorization includes any remaining amounts under the existing program. The timing and total amount of stock repurchases will depend on market conditions and other corporate considerations.

Paul Walker, the Chief Executive Officer of Franklin Covey, stated, "Consistent with our strategic and capital allocation priorities, we believe that making up to $50 million available in our share repurchase program and adopting a 10b5-1 plan are effective tools to return capital to shareholders. We believe that our current share price does not reflect the value which we expect our business plan to deliver to shareholders in the coming years and believe that expanding our repurchase program at this time provides us with the opportunity to capture significant additional value for our shareholders."

Share purchases under the program may be made from time to time in open market transactions, in privately negotiated deals, or otherwise, including pursuant to the 10b5-1 trading plan. The repurchase program does not obligate the company to acquire any particular number of shares.

Franklin Covey Co. operates in over 160 countries and territories, offering solutions to organizations and individuals to achieve systemic changes in human behavior and transform results. For more information, visit http://www.franklincovey.com.

References:
[1] https://www.stocktitan.net/news/FC/franklin-covey-co-announces-replenishment-of-share-repurchase-xzbprycc07fv.html