Hurco: Rises on leadership transition, share buy-back plan

Hurco Companies

12/03/2021 15:30

** Shares of industrial technology co  HURC.O  up 4.2% at
$38.60; rises for sixth consecutive session 
    ** Hurco says Michael Doar will transition from role of
chief executive officer to executive chairman of board,
effective immediately  urn:newsml:reuters.com:*:nGNX3CPvJ
    ** In his new role, Doar will continue to serve as a
director of the co and will focus on growth and acquisition
plans, among other strategic initiatives
    ** Greg Volovic, currently chief operating officer, will
assume the roles of president and chief executive officer,
effective immediately
    ** Separately, co announces cash dividend of $0.14 per share
of common stock, and share repurchase program in an aggregate
amount of up to $7 mln  urn:newsml:reuters.com:*:nGNXbsv05H
    ** Stock up ~24% YTD, as of last close

 (Reporting by Arundhati Sarkar in Bengaluru)
 ((Arundhati.Sarkar@thomsonreuters.com;
twitter.com/Arundhati_05; +1 646 223 8780 Ext: 2776))