GEN Restaurant Group (GENK) said its board approved a stock repurchase program authorizing the repurchase of up to $5.0 million worth of shares of the companys outstanding Class A common stock, par value $0.001. As part of the commencement of the stock repurchase program, the company intends to enter into a trading plan adopted in accordance with Rule 10b5-1 of the Securities Exchange Act of 1934, as amended.
The company noted that the 10b5-1 trading plan will be administered by an independent broker.
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Business News
May 08, 2026 15:50 ET Manufacturing and services sector survey results and labor market data from main economies were the highlight on the economics news front this week. Factory orders and jobs report dominated the news flow in the U.S. Similarly, industrial production data from German garnered attention in Europe. In Asia, purchasing managers’ survey results from China and the central bank decision from Australia were in focus.