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): | March 3, 2011 |
TASER International
__________________________________________
(Exact name of registrant as specified in its charter)
| Delaware | 001-16391 | 86-0741227 |
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_____________________ (State or other jurisdiction |
_____________ (Commission |
______________ (I.R.S. Employer |
| of incorporation) | File Number) | Identification No.) |
| 17800 N 85th St, Scottsdale, Arizona | 85255 | |
|
_________________________________ (Address of principal executive offices) |
___________ (Zip Code) |
| Registrant’s telephone number, including area code: | (480) 991-0797 |
Not Applicable
______________________________________________
Former name or former address, if changed since last report
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:
[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 8.01 Other Events.
On March 3, 2011 Taser International Inc. (the "Company") announced that its board of directors has authorized a stock repurchase program pursuant to which the Company may repurchase up to $12.5 million of the Company's common stock subject to stock market conditions and corporate considerations.
A copy of the press release announcing the stock repurchase program is provided as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein by reference.
Item 9.01 Financial Statements and Exhibits.
Exhibit 99.1 - Press Release Dated March 3, 2011 titled "TASER International Authorizes Stock Buy-Back Program for up to $12.5 million of Company Stock".
SIGNATURES
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 hereunto duly authorized.
| TASER International | ||||
| March 3, 2011 | By: |
Daniel M. Behrendt
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| Name: Daniel M. Behrendt | ||||
| Title: Chief Financial Officer | ||||
Exhibit Index
| Exhibit No. | Description | |
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99.1
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Press Release Dated March 3, 2011 titled "TASER International Authorizes Stock Buy-Back Program for up to $12.5 million of Company Stock". |
EXHIBIT 99.1
FOR RELEASE ON: March 3, 2011 at 7:30 a.m. ET
CONTACT: Dan Behrendt Chief Financial Officer
TASER International, Inc.
(480) 905-2000
TASER International Authorizes Stock Buy-Back Program
for up to $12.5 Million of Company Stock
SCOTTSDALE, Ariz., March 3, 2011 — TASER International, Inc. (NASDAQ: TASR), a global provider of safety technologies that prevent conflict, protect life and resolve disputes, today announced that the Board of Directors of TASER International, Inc. adopted a resolution approving a stock buy-back program authorizing the Company to purchase up to $12.5 million of the Company’s common stock subject to stock market conditions and corporate considerations.
“We believe that the Company’s strong cash position together with its cash generation capabilities, substantial growth prospects, and the fact that the current price of the Company’s common stock does not reflect the long-term value justify a stock buy-back program to return cash to stockholders,” stated Tom Smith, Chairman of the Board of TASER International, Inc. “As we continue to invest in our new business opportunities for that growth, the repurchase of our stock represents another attractive investment opportunity before us at this time. We are pleased that our sound balance sheet enables us to efficiently return capital to our stockholders. We believe that this stock buy-back will be accretive to earnings while simultaneously continuing our investment in long-term growth initiatives,” concluded Smith.
About TASER International, Inc.
TASER International, Inc., (NASDAQ:TASR) is a global provider of safety technologies that prevent conflict and protect life. More than 16,000 public safety agencies in 40 countries rely on TASER electronic control devices (ECDs) and AXON™ on-officer camera systems to help protect and serve. TASER innovations benefit individuals and families too; providing personal protection and accountability while maintaining regard for life. Since 1994, more than 230,000 individuals have relied on TASER technology as a means for effective personal safety. Learn more about TASER International and its solutions at www.TASER.com, www.Evidence.com and www.Protector.com or by calling (800) 978-2737. Be a part of the TASER community by joining us on Facebook, Twitter and YouTube.
Note to Investors
To review the TASER International Safe Harbor Statement, please visit our Investor Relations Safe Harbor Statement at www.TASER.com/safeharbor.
For investor relations information please contact Katie Pyra by phone at 480-515-6330 or via email at IR@TASER.com, or Dan Behrendt, Chief Financial Officer of TASER International, Inc., 480-905-2002.
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