Franklin Covey announces replenishment of share repurchase program

Franklin Covey (FC) announced that its Board of Directors has approved replenishing the Company’s authorization to repurchase up to an aggregate amount of $50 million of its outstanding common stock. The Board also authorized the adoption of a 10b5-1 trading plan that will facilitate consistent share repurchases in compliance with applicable securities law. As previously reported on the Company’s fiscal Q3 2025 earnings call, Franklin Covey had repurchased approximately $17 million of its common stock on the open market in FY2025 and had approximately $28 million remaining as of May 31, 2025, under the Board’s prior $50 million repurchase authorization. This new reauthorization includes any amounts remaining under the Company’s existing program. “Consistent with our strategic and capital allocation priorities, we believe that making up to $50 million available in our share repurchase program and adopting a 10b5-1 plan are effective tools to return capital to shareholders,” said Paul Walker, Chief Executive Officer. “We believe that our current share price does not reflect the value which we expect our business plan to deliver to shareholders in the coming years and believe that expanding our repurchase program at this time provides us with the opportunity to capture significant additional value for our shareholders.”