Flamemaster Board OKs 7% Stock Repurchase

Flamemaster Corp. said its board authorized the company to repurchase an additional 120,000 shares of Flamemaster’s common stock, or about 7% of its total shares outstanding.

The Sun Valley-based maker of coatings and sealants said the buybacks would be made periodically in open-market or private purchases. Based on the stock’s closing price of $4.375 a share in NASDAQ trading Monday, the buyback has an indicated cost of $525,000.