UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C.
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): December 18, 2014
U.S. GLOBAL INVESTORS, INC.
(Exact name of registrant as specified in its charter)
Texas | 0-13928 | 74-1598370 | ||
(State of other jurisdiction of incorporation) |
(Commission File Number) |
(IRS Employer Identification No.) |
7900 Callaghan Road, San Antonio, Texas | 78229 | |
(Address of principal executive offices) | (Zip Code) |
Registrants telephone number, including area code: 210-308-1234
(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 CFR230.425) |
¨ | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR240.14a-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
U.S. Global Investors, Inc. reports that the companys board of directors has approved a share repurchase program for GROW Class A common stock. A copy of the press release is attached and being furnished as Exhibit 99.1.
Item 9.01 Financial Statements and Exhibits
Exhibit 99.1 Press Release issued by U.S. Global Investors, Inc. dated December 18, 2014, reporting the approval by the companys board of directors of a share repurchase program for GROW Class A Common 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.
U.S. Global Investors, Inc. | ||
By: | /s/ Lisa Callicotte | |
Lisa Callicotte Chief Financial Officer |
Dated: December 18, 2014
Exhibit 99.1
Contact: Susan Filyk Investor Relations 210.308.1286 sfilyk@usfunds.com |
For Immediate Release
U.S. Global Investors Continues Stock Repurchase Program
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SAN ANTONIODecember 18, 2014U.S. Global Investors, Inc. (Nasdaq: GROW), a boutique registered investment advisory firm specializing in natural resources, emerging markets, domestic equities and municipal bonds, will continue the stock repurchase plan of up to $2.75 million of its outstanding common stock from time to time on the open market for the trading period from and including January 2 through December 31, 2015.
Since the program began in January 2013 through September 30, 2014, the company has repurchased shares totaling 165,196 class A shares using cash of $522,000. The company is using an algorithm to purchase shares on down days, following the rules and regulations that restrict the amounts and times when shares can be purchased on any given day, such as at the opening of the day and in the last half-hour of trading.
About U.S. Global Investors, Inc.
The story of U.S. Global Investors goes back more than 40 years when it began as an investment club. Today, U.S. Global Investors, Inc. (www.usfunds.com) is a registered investment advisor that focuses on niche markets around the world. Headquartered in San Antonio, Texas, the company provides money management and other services to U.S. Global Investors Funds and other international clients.
With an average of $1.2 billion in assets under management in the quarter ended September 30, 2014, U.S. Global Investors manages domestic and offshore funds offering a variety of investment options, from emerging markets to fixed income.
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