CHELMSFORD, Mass.--(BUSINESS WIRE)--Feb. 16, 2006--Kronos ® Incorporated (Nasdaq: KRON) announced today that its Board of Directors voted to extend its stock repurchase program. This increase authorizes Kronos to repurchase an additional 750,000 shares of common stock.
Aron Ain, Kronos' chief executive officer commented, "The Board's approval to expand our stock repurchase program reflects our confidence in the future of Kronos."
Under five previously completed stock buyback programs, Kronos repurchased a total of 5,437,500 common shares. In addition, Kronos has repurchased 695,774 shares of the 750,000 shares in the current stock buyback program.
From time to time the company, at its discretion, makes share repurchases in accordance with applicable securities law in open market transactions.
About Kronos Incorporated
Kronos Incorporated is the most trusted name in workforce management. Kronos helps organizations staff, develop, deploy, track, and reward their workforce, resulting in reduced costs, increased productivity, better decision-making, improved employee satisfaction, and alignment with organizational objectives. More than 20 million people use a Kronos solution every day. Learn more about Kronos' high-impact enterprise solutions at www.kronos.com.
(C) 2006 Kronos Incorporated. Kronos and the Kronos logo are registered trademarks of Kronos Incorporated or a related company. All other product and company names mentioned are used for identification purposes only and may be trademarks of their respective owners.
CONTACT: Kronos Incorporated
Mindy Kohl, 978-947-5156
mkohl[at]kronos.com