UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
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Section 8 – Other Events
Item 8.01 Other Events
The Board of Directors of Overseas Shipholding Group, Inc. has authorized a program to purchase up to ten million shares of the Company’s common stock. The Company may repurchase shares from time to time in open market transactions (including the use of trading plans under SEC Rule 10b5-1) or in privately negotiated transactions. The timing and amounts of any purchases will be based on market conditions and other factors, such as price, in accordance with applicable laws. The program has no time limit, may be suspended, modified or discontinued at any time, and does not obligate OSG to purchase any particular amount of its common stock. The Company intends to fund the share repurchase program with excess cash.
(d) Exhibits
Exhibit No. | Description | |
99.1 | Press Release, dated March 17, 2023 | |
104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, OSG has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
OVERSEAS SHIPHOLDING GROUP, INC. | ||
(Registrant) | ||
Date: March 17, 2023 | By: | /s/ Susan Allan |
Susan Allan | ||
Vice President, General Counsel & | ||
Corporate Secretary |
EXHIBIT INDEX
Exhibit No. | Description | |
99.1 | Press Release, dated March 17, 2023 | |
104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) |