Urban Outfitters adds Sukhinder Singh Cassidy to board and authorizes 20 million share buyback
Urban Outfitters expanded its board from nine to ten members and elected Sukhinder Singh Cassidy as an independent director effective August 22, 2017. The company also authorized a new repurchase of up to 20 million common shares, in addition to the 985,354 shares remaining under its February 2015 program.
- Sukhinder Singh Cassidy elected director effective August 22, 2017; term runs to the 2018 annual meeting
- Cassidy will serve on the Nominating and Governance Committee and receives the same non-employee director compensation
- New share repurchase program authorizes up to 20 million common shares at the company's discretion
- 985,354 shares remain under the February 2015 repurchase authorization as of August 24, 2017