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TRIMBLE NAVIGATION LTD /CA/ FILES (8-K) Disclosing Other Events, Financial Statements and Exhibits

August 12, 2014

Item 8.01 Other Events

On August 11, 2014, the Board of Directors (the "Board") of Trimble Navigation Limited (the "Company") approved a new share repurchase program for up to an aggregate amount of $300 million of its common stock. The new share repurchase program is effective August 11, 2014. Under the new share repurchase program, the Company may repurchase shares from time to time in open market transactions, privately negotiated transactions, accelerated share buyback programs, tender offers, or by other means. The timing and actual number of shares repurchased will depend on a variety of factors including price, regulatory requirements, capital availability, and other market conditions. The program does not require the purchase of any minimum number of shares and may be suspended or discontinued at any time. The Board also canceled the remaining unused portion, amounting to approximately $50 million, of the Company's existing share repurchase program, which was approved by the Board on October 18, 2011 and under which the Company was authorized to repurchase up to an aggregate amount of $100 million of its common stock.

The press release announcing this share repurchase program, attached hereto as Exhibit 99.1, is incorporated by reference.

Item 9.01 Financial Statements and Exhibits

(d) Exhibits. Exhibit No. Description 99.1 Press Release, dated August 12, 2014, of Trimble Navigation Limited.


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Source: Edgar Glimpses

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