Control4 (CTRL) Announces $20M Stock Buyback Plan

Control4 (NASDAQ: CTRL) announced that its Board of Directors has authorized the repurchase of up to $20 million in Control4 common stock from time to time on the open market. The authorization by the Board of Directors will expire in one year, or when terminated earlier.

"Control4 continues to be a leader in providing premium smart-home solutions, including intelligent lighting, whole-home music and video distribution, and advanced comfort systems," said Martin Plaehn, chairman and chief executive officer of Control4. "Given our strong working capital position and our expected future cash flow, we believe that we are in a strong position to continue our planned initiatives to fund our growth, as well as repurchase Control4 shares per our newly authorized plan."

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