News Column

LIFEPOINT HOSPITALS, INC. FILES (8-K) Disclosing Other Events

February 21, 2014

Item 8.01 Other Events.



On February 21, 2014, LifePoint Hospitals, Inc. (the "Company") entered into a trading plan (the "Plan") in accordance with Rule 10b5-1 under the Securities Exchange Act of 1934 as amended (the "Act"), under which the Company may continue to repurchase its shares at times when the Company would not ordinarily be in the market due to the Company's trading policies or possession of material non-public information. This plan has been established pursuant to, and as part of, the Company's stock repurchase program. As previously announced, the Company has an existing share repurchase authorization, which is effective through August 20, 2014, of which $158.4 million remained available as of February 21, 2014. In addition, on February 12, 2014, the Company's board of directors authorized an additional stock repurchase program of up to $150 million of the Company's common stock over an 18 month period beginning on April 1, 2014.

The Plan will expire on March 31, 2014, unless terminated earlier in accordance with its terms. The Company does not retain or exercise any discretion over purchases of common stock under the Plan. The timing and extent of the repurchases under the Plan are subject to SEC regulations as well as certain price, market volume and timing constraints specified in the plan.

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Source: Edgar Glimpses


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