Monthly Archives: July 2015

Solitron Devices, Inc. Announces the expansion of its previously authorized stock repurchase program to $1 Million

July 28, 2015 – WEST PALM BEACH, FL

Solitron Devices, Inc. (OTCQB: “SODI”) announced today that it has expanded its previously announced stock repurchase program from up to $500,000 of the Company’s common stock through February 29, 2016 to up to $1,000,000 of the Company’s common stock through February 29, 2016.

Solitron Devices, Inc. Announces its intention to continue to seek out appropriate acquisition/merger candidates and to form a stockholder advisory committee

July 27, 2015 – WEST PALM BEACH, FL

Solitron Devices, Inc. (OTCQB: “SODI”) announced today that it continues to seek appropriate acquisition/merger candidates and it intends to form a Stockholder Advisory Committee.

Solitron Devices, Inc. Announces Regular Annual Cash Dividend Policy, Reiterates Commitment to Hold Annual Stockholder Meetings and Includes Copy of Letter Addressed To Stockholders of Record

July 27, 2015 – WEST PALM BEACH, FL

Solitron Devices, Inc. (OTCQB: SODI) (the “Company”) today announced that its Board of Directors has adopted a regular annual cash dividend policy. The Company expects to declare regular annual cash dividends after the end of each fiscal year. The Company has paid a cash dividend after the end of the 2014 fiscal year and the 2015 fiscal year. The declaration of each future annual cash dividend will be subject to approval by the Company’s Board of Directors and to meeting the requirements of all applicable laws. The Company also reiterates its commitment to hold annual stockholder meetings. The Company held annual stockholder meetings in 2013 and 2014 and will hold its 2015 annual stockholders’ meeting on August 4, 2015.