ADDISON, Texas, Sept. 30, 2022 (GLOBE NEWSWIRE) — Daseke, Inc. (NASDAQ: DSKE), the premier North American transportation solutions specialist dedicated to servicing challenging industrial end-markets, announced today that its Board of Directors has approved a stock repurchase program, under which the Company is authorized to repurchase up to $40 million of its outstanding common stock.
The Company intends to fund the repurchase program with cash on hand. The shares may be repurchased from time to time in open market transactions at prevailing market prices, or other means in accordance with federal securities laws, and may be repurchased pursuant to a Rule 10b5-1 trading plan.
The timing, number, and value of shares repurchased under the program will be at management’s discretion and will depend on a number of factors, including the market price of the Company’s common stock, general market and economic conditions and applicable legal requirements. The program may be suspended, modified or discontinued by the Board at any time without prior notice.
Jonathan Shepko, Chief Executive Officer of Daseke commented, “This repurchase program emphasizes our conviction in the value proposition of Daseke across market cycles and our commitment to deploying capital responsibly and opportunistically in support of initiatives that enhance shareholder value. Our approach to sizing this buy-back was an exercise in balancing a highly attractive repurchase opportunity with the necessary discipline to preserve our continued commitment to stakeholders around balance sheet strength.”
About Daseke, Inc.
Daseke, Inc. is the premier North American transportation solutions specialist dedicated to servicing challenging industrial end-markets. Daseke offers comprehensive, best-in-class services to a diversified portfolio of many of North America’s most respected industrial shippers. For more information, please visit www.daseke.com.
