APAC Announces Stock Repurchase Program;
Chairman Cancels 10b5-1 Plan
August 18, 2010 12:56 PM Eastern Daylight Time
BANNOCKBURN, Ill.--(EON: Enhanced Online News)--APAC Customer Services, Inc. (NASDAQ: APAC),
a leader in global outsourced services and solutions, announced that its Board of Directors has authorized the
repurchase of up to an aggregate of five million shares of its common stock.
“Based on current market prices, we believe that the repurchase program is in the best interests of our shareholders,"
said Ted Schwartz, the company's Chairman of the Board.
The repurchases will be made from time to time on the open market at prevailing market prices or in negotiated
transactions off the market. The repurchase program is expected to continue over the next 12 months unless
extended or shortened by the Board of Directors.
The company will use cash on hand to fund any purchases. The company is not obligated to acquire any particular
amount of common stock as a result of the plan, which may be suspended at any time at the company’s discretion.
Chairman Cancels 10b5-1 Pre-Arranged Sales Plan
Mr. Schwartz has informed the company that he has canceled his pre-arranged trading plan under SEC Rule 10b5-1
of the Securities Exchange Act of 1934 which was previously announced on February 18, 2010. Under this plan
Mr. Schwartz could have sold up to three million shares of APAC stock through December 31, 2012. No shares
were sold under the plan.
About APAC Customer Services, Inc.
APAC Customer Services, Inc. (NASDAQ: APAC) is a leading provider of customer care services and solutions to
market leaders in healthcare, business services, communications, media & publishing, travel & entertainment and
financial services industries. APAC partners with its clients to deliver custom solutions that enhance bottom line
performance. For more information, call 1-800-OUTSOURCE. APAC’s comprehensive web site is
This document contains forward-looking statements wi