Camping World Holdings Inc. today (Jan. 24) announced that its board of directors has authorized an increase in its stock repurchase program after which $200,000,000 remains available for the repurchase of the company’s Class A common stock.
The board of directors has authorized an increase in the company’s $225,000,000 stock repurchase program originally approved on Oct. 30 to allow for the repurchase of an additional $152,708,900 of its Class A common stock, effective immediately, resulting in approximately $200,000,000 remaining available for such repurchases. The board of directors also extended the expiration of the repurchase authorization to Dec. 31, 2025.
Repurchases under the program may be made in the open market, in privately negotiated transactions or otherwise, with the amount and timing of repurchases to be determined at the company’s discretion, depending on market conditions and corporate needs. Open market repurchases will be structured to occur in accordance with applicable federal securities laws, including within the pricing and volume requirements of Rule 10b-18 under the Securities Exchange Act of 1934, as amended.
The company may also, from time to time, enter into Rule 10b5-1 plans to facilitate repurchases of its shares under this authorization. This program does not obligate the company to acquire any particular amount of Class A common stock and the program may be extended, modified, suspended or discontinued at any time at the Board’s discretion. The company expects to fund the repurchases using cash on hand.