SEIC » Topics » Common Stock Buyback

This excerpt taken from the SEIC 10-Q filed May 4, 2009.

Common Stock Buyback

The Company’s Board of Directors has authorized the repurchase of the Company’s common stock on the open market or through private transactions of up to an aggregate of $1,528,365. Through March 31, 2009, a total of 255,328,000 shares at an aggregate cost of $1,451,729 have been purchased and retired. The Company purchased 527,000 shares at a total cost of $5,901 during the three months ended March 31, 2009.

The Company immediately retires its common stock when purchased. Upon retirement, the Company reduces Capital in excess of par value for the average capital per share outstanding and the remainder is charged against Retained earnings. If the Company reduces its Retained earnings to zero, any subsequent purchases of common stock will be charged entirely to Capital in excess of par value.

These excerpts taken from the SEIC 10-K filed Feb 25, 2009.

Common Stock Buyback

The Board of Directors has authorized the purchase of the Company’s common stock on the open market or through private transactions of up to an aggregate of $1,528,365. Through December 31, 2008, a total of 254,801,480 shares at an aggregate cost of $1,445,829 have been purchased and retired. The Company purchased 5,777,645 shares at a cost of $129,634 during 2008.

The Company immediately retires its common stock when purchased. Upon retirement, the Company reduces Capital in excess of par value for the average capital per share outstanding and the remainder is charged against Retained earnings. If the Company reduces its Retained earnings to zero, any subsequent purchases of common stock will be charged entirely to Capital in excess of par value.

Common Stock Buyback

STYLE="margin-top:6px;margin-bottom:0px; margin-left:4%">The Board of Directors has authorized the purchase of the Company’s common stock on the open market or through private transactions of up to an
aggregate of $1,528,365. Through December 31, 2008, a total of 254,801,480 shares at an aggregate cost of $1,445,829 have been purchased and retired. The Company purchased 5,777,645 shares at a cost of $129,634 during 2008.

STYLE="margin-top:6px;margin-bottom:0px; margin-left:4%">The Company immediately retires its common stock when purchased. Upon retirement, the Company reduces Capital in excess of par value for the average
capital per share outstanding and the remainder is charged against Retained earnings. If the Company reduces its Retained earnings to zero, any subsequent purchases of common stock will be charged entirely to Capital in excess of par value.

This excerpt taken from the SEIC 10-Q filed Nov 10, 2008.

Common Stock Buyback

The Company’s Board of Directors has authorized the repurchase of the Company’s common stock on the open market or through private transactions of up to an aggregate of $1,528,365. Through September 30, 2008, a total of 253,692,000 shares at an aggregate cost of $1,429,263 have been purchased and retired. The Company purchased 4,668,000 shares at a total cost of $113,068 during the nine months ended September 30, 2008.

The Company immediately retires its common stock when purchased. Upon retirement, the Company reduces Capital in excess of par value for the average capital per share outstanding and the remainder is charged against Retained earnings. If the Company reduces its Retained earnings to zero, any subsequent purchases of common stock will be charged entirely to Capital in excess of par value.

 

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This excerpt taken from the SEIC 10-Q filed Jul 31, 2008.

Common Stock Buyback

The Company’s Board of Directors has authorized the repurchase of the Company’s common stock on the open market or through private transactions of up to an aggregate of $1,528,365. Through June 30, 2008, a total of 252,922,000 shares at an aggregate cost of $1,412,572 have been purchased and retired. The Company purchased 3,898,000 shares at a total cost of $96,377 during the six months ended June 30, 2008.

The Company immediately retires its common stock when purchased. Upon retirement, the Company reduces Capital in excess of par value for the average capital per share outstanding and the remainder is charged against Retained earnings. If the Company reduces its Retained earnings to zero, any subsequent purchases of common stock will be charged entirely to Capital in excess of par value.

These excerpts taken from the SEIC 10-K filed Feb 26, 2008.

Common Stock Buyback

The Board of Directors has authorized the purchase of the Company’s common stock on the open market or through private transactions of up to an aggregate of $1,428,365. Through December 31, 2007, a total of 249,023,835 shares at an aggregate cost of $1,316,195 have been purchased and retired. The Company purchased 7,161,143 shares at a cost of $205,085 during 2007. These share amounts reflect the impact of the two-for-one stock split effected in the form of a stock dividend paid in June 2007.

The Company immediately retires its common stock when purchased. Upon retirement, the Company reduces Capital in excess of par value for the average capital per share outstanding and the remainder is charged against Retained earnings. If the Company reduces its Retained earnings to zero, any subsequent purchases of common stock will be charged entirely to Capital in excess of par value.

Common Stock Buyback

FACE="Times New Roman" SIZE="2">The Board of Directors has authorized the purchase of the Company’s common stock on the open market or through private transactions of up to an aggregate of $1,428,365. Through December 31, 2007, a total of
249,023,835 shares at an aggregate cost of $1,316,195 have been purchased and retired. The Company purchased 7,161,143 shares at a cost of $205,085 during 2007. These share amounts reflect the impact of the two-for-one stock split effected in the
form of a stock dividend paid in June 2007.

The Company immediately retires its common stock when purchased. Upon retirement, the Company
reduces Capital in excess of par value for the average capital per share outstanding and the remainder is charged against Retained earnings. If the Company reduces its Retained earnings to zero, any subsequent purchases of common stock will be
charged entirely to Capital in excess of par value.

This excerpt taken from the SEIC 10-Q filed Nov 9, 2007.

Common Stock Buyback

The Company’s Board of Directors has authorized the repurchase of the Company’s common stock on the open market or through private transactions of up to an aggregate of $1,428,365, including an additional authorization on October 23, 2007 for $100,000. Through September 30, 2007, a total of 248,318,000 shares at an aggregate cost of $1,294,966 have been purchased and retired. The Company purchased 2,286,000 shares at a total cost of $59,162 during the three months ended September 30, 2007. During the nine months ended September 30, 2007, the Company purchased 6,455,000 shares at a total cost of $183,856.

The Company immediately retires its common stock when purchased. Upon retirement, the Company reduces Capital in excess of par value for the average capital per share outstanding and the remainder is charged against Retained earnings. If the Company reduces its Retained earnings to zero, any subsequent purchases of common stock will be charged entirely to Capital in excess of par value.

This excerpt taken from the SEIC 10-Q filed Aug 2, 2007.

Common Stock Buyback

The Company’s Board of Directors has authorized the repurchase of the Company’s common stock on the open market or through private transactions of up to an aggregate of $1,328,365, including an additional authorization on July 24, 2007 for $75,000. Through June 30, 2007, a total of 246,032,000 shares at an aggregate cost of $1,235,804 have been purchased and retired. The Company purchased 4,170,000 shares at a total cost of $124,694 during the six months ended

June 30, 2007.

The Company immediately retires its common stock when purchased. Upon retirement, the Company reduces Capital in excess of par value for the average capital per share outstanding and the remainder is charged against Retained earnings. If the Company reduces its Retained earnings to zero, any subsequent purchases of common stock will be charged entirely to Capital in excess of par value.

This excerpt taken from the SEIC 10-Q filed May 3, 2007.

Note 9. Common Stock Buyback

The Company’s Board of Directors has authorized the repurchase of the Company’s common stock on the open market or through private transactions of up to an aggregate of $1,203,365, including an additional authorization on March 15, 2007 for $50,000. Through March 31, 2007, a total of 121,675,000 shares at an aggregate cost of $1,156,406 have been purchased and retired. The Company purchased 744,000 shares at a total cost of $45,296 during the three months ended March 31, 2007.

The Company immediately retires its common stock when purchased. Upon retirement, the Company reduces Capital in excess of par value for the average capital per share outstanding and the remainder is charged against Retained earnings. If the Company reduces its Retained earnings to zero, any subsequent purchases of common stock will be charged entirely to Capital in excess of par value.

This excerpt taken from the SEIC 10-K filed Feb 23, 2007.

Common Stock Buyback

The Board of Directors has authorized the purchase of the Company’s common stock on the open market or through private transactions of up to an aggregate of $1,153,365. Through December 31, 2006, a total of 120,931,000 shares at an aggregate cost of $1,111,110 have been purchased and retired. The Company purchased 2,345,000 shares at a cost of $109,734 during 2006.

The Company immediately retires its common stock when purchased. Upon retirement, the Company reduces Capital in excess of par value for the average capital per share outstanding and the remainder is charged against Retained earnings. If the Company reduces its Retained earnings to zero, any subsequent purchases of common stock will be charged entirely to Capital in excess of par value.

 

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Table of Contents
This excerpt taken from the SEIC 10-Q filed Nov 6, 2006.

Note 9. Common Stock Buyback

The Company’s Board of Directors has authorized the repurchase of the Company’s common stock on the open market or through private transactions of up to an aggregate of $1,103,365. Through September 30, 2006, a total of 120,444,000 shares at an aggregate cost of $1,082,958 have been purchased and retired. The Company purchased 1,857,000 shares at a total cost of $81,581 during the nine months ended September 30, 2006.

The Company immediately retires its common stock when purchased. Upon retirement, the Company reduces Capital in excess of par value for the average capital per share outstanding and the remainder is charged against Retained earnings. If the Company reduces its Retained earnings to zero, any subsequent purchases of common stock will be charged entirely to Capital in excess of par value.

This excerpt taken from the SEIC 10-Q filed May 8, 2006.

Note 9. Common Stock Buyback

The Company’s Board of Directors has authorized the repurchase of the Company’s common stock on the open market or through private transactions of up to an aggregate of $1,103,365, including an additional authorization on April 19, 2006 for $50,000. Through March 31, 2006, a total of 119,376,000 shares at an aggregate cost of $1,033,320 have been purchased and retired. The Company purchased 789,000 shares at a total cost of $31,944 during the three months ended

March 31, 2006.

The Company immediately retires its common stock when purchased. Upon retirement, the Company reduces Capital in excess of par value for the average capital per share outstanding and the remainder is charged against Retained earnings. If the Company reduces its Retained earnings to zero, any subsequent purchases of common stock will be charged entirely to Capital in excess of par value.

This excerpt taken from the SEIC 10-K filed Mar 16, 2006.

Common Stock Buyback

The Board of Directors has authorized the purchase of the Company’s common stock on the open market or through private transactions of up to an aggregate of $1,053,365, including an additional authorization on January 30, 2006 for $50,000. Through December 31, 2005, a total of 118,587,000 shares at an aggregate cost of $1,001,376 have been purchased and retired. The Company purchased 4,443,000 shares at a cost of $164,118 during 2005.

The Company immediately retires its common stock when purchased. Upon retirement, the Company reduces Capital in excess of par value for the average capital per share outstanding and the remainder is charged against Retained earnings. If the Company reduces its Retained earnings to zero, any subsequent purchases of common stock will be charged entirely to Capital in excess of par value.

This excerpt taken from the SEIC 10-Q filed May 6, 2005.

Note 7. Common Stock Buyback

 

The Company’s Board of Directors has authorized the repurchase of the Company’s common stock on the open market or through private transactions of up to an aggregate of $903,365, which includes an additional authorization of $50,000 on February 15, 2005. Through March 31, 2005, a total of 115,421,000 shares at an aggregate cost of $884,154 have been purchased and retired. The Company purchased 1,277,000 shares at a total cost of $46,896 during the three months ended March 31, 2005.

 

The Company immediately retires its common stock when purchased. Upon retirement, the Company reduces Capital in excess of par value for the average capital per share outstanding and the remainder is charged against Retained earnings. If the Company reduces its Retained earnings to zero, any subsequent purchases of common stock will be charged entirely to Capital in excess of par value.

 

This excerpt taken from the SEIC 10-K filed Mar 14, 2005.

Common Stock Buyback

 

The Board of Directors has authorized the purchase of the Company’s common stock on the open market or through private transactions of up to an aggregate of $903,365, including an additional authorization on February 15, 2005 for $50,000. Through December 31, 2004, a total of 114,144,000 shares at an aggregate cost of $837,258 have been purchased and retired. The Company purchased 4,127,000 shares at a cost of $135,509 during 2004.

 

The Company immediately retires its common stock when purchased. Upon retirement, the Company reduces Capital in excess of par value for the average capital per share outstanding and the remainder is charged against Retained earnings. If the Company reduces its Retained earnings to zero, any subsequent purchases of common stock will be charged entirely to Capital in excess of par value.

 

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