This excerpt taken from the SPAR 8-K filed Jul 24, 2009.
Item 7.01 Regulation FD Disclosure.
Spartan Motors, Inc. (the Registrant) received authorization from its board of directors to repurchase up to 1,000,000 shares, or approximately 3 percent, of its outstanding common stock.
The Charlotte, Michigan-based manufacturer of custom chassis and specialty vehicles reports its board of directors approved a new program allowing the Registrant to buy back common stock in open-market transactions over the next 12 months, ending on July 20, 2010. The Registrant reported 32.9 million shares of common stock outstanding as of June 30, 2009.
A year ago, the Registrants board authorized a repurchase program for 1,000,000 shares. Under this program, which has expired, the Registrant repurchased 140,738 shares of common stock on the open market at an average price of $3.09 per share.
This information is furnished to, and not filed with, the Commission.
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.