Texas
|
1-10560
|
74-2211011
|
(State
or other jurisdiction
|
(Commission
|
(I.R.S.
Employer
|
of
incorporation)
|
File
Number)
|
Identification
No.)
|
3000
Technology Drive, Angleton, Texas
|
77515
|
(Address
of principal executive offices)
|
(Zip
code)
|
|
On
March 4, 2010, Benchmark Electronics, Inc. issued a press release
announcing that its Board of Directors had approved the repurchase of up
to $100 million of the Company’s outstanding common shares. This
repurchase program is in addition to the current, active 2008 repurchase
program in which the Company is authorized to purchase up to $100 million
of the Company’s outstanding common shares. Share repurchases may be made
in the open market, in privately negotiated transactions or block
transactions, at the discretion of the Company’s management, and as market
conditions warrant. During 2010 the Company has repurchased 632,400 shares
totaling $12 million and has $38 million remaining under the 2008
repurchase program. The timing and amount of specific repurchases are
subject to the requirements of the Securities and Exchange Commission,
market conditions, alternative uses of capital and other factors. The
Company may enter into Rule 10b5-1 plans to facilitate repurchases under
the program. A Rule 10b5-1 plan would generally permit the Company to
repurchase the shares at times when it might otherwise be prevented from
doing so under certain securities laws. Purchases will be funded from
available cash and may be commenced, suspended or discontinued at any time
without prior notice. Shares repurchased under the program will be
retired. A copy of the press release is attached as Exhibit
99.1.
|
(d)
|
Exhibits
|
|
BENCHMARK
ELECTRONICS, INC.
|
|||
Dated:
March 4, 2010
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By:
|
/s/ Donald F. Adam | |
Donald
F. Adam
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|||
Chief
Financial Officer
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