|
United States |
|||
|
Securities and Exchange Commission |
|||
|
Washington, D.C. 20549 |
|||
|
FORM 8-K |
|||
|
Current Report Pursuant to |
|||
|
Section 13 or 15(d) of the Securities Exchange Act of 1934 |
|||
|
May 16, 2018 |
|||
|
Date of Report (Date of earliest event reported) |
|||
|
SAKER AVIATION SERVICES, INC. |
|||
|
(Exact name of registrant as specified in its charter) |
|||
|
Nevada |
000-52593 |
87-0617649 |
|
|
(State of incorporation) |
(Commission File Number) |
(IRS Employer Identification No.) |
|
|
20 South Street, Pier 6 East River, New York, NY |
10004 |
||
|
(Address of principal executive offices) |
(Zip Code) |
||
|
(212) 776-4046 |
|||
|
(Registrant’s telephone number, including area code) |
|||
|
Not applicable |
|||
|
(Former name or former address, if changed since last report) |
|||
|
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below): |
|||
|
[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
|||
|
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
|||
|
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
|||
|
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
|||
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 8.01. Other Events.
On May 8, 2018, Saker Aviation Services, Inc. (the “Company”) approved an expansion to the stock repurchase program authorized on September 8, 2017, the revision approving the repurchase of up to a total of 5,000,000 shares of the Company’s outstanding common stock, par value $0.001 per share (“Common Stock”). Pursuant to such program, on May 16, 2018, the Company repurchased an aggregate of 1,783,115 shares of Common Stock from three affiliated stockholder funds for an aggregate purchase price of approximately $160,480 ($0.09 per share). The Company’s stock repurchase program may be suspended, modified or discontinued at any time and the Company has no obligation to repurchase any additional Common Stock.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
|
Date: May 22, 2018 |
saker aviation services, inc. |
|
|
By: |
/s/ Ronald J Ricciardi |
|
|
Ronald J. Ricciardi |
||
|
President |
||