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Hawk Corporation

Hawk Corporation Announces $15.0 Million Stock Repurchase Program

The plan, which was approved by the Company's Board of Directors, conditions share repurchases on the Company's complying with covenants in its bank credit facility and senior note indenture. The Company is in compliance with the covenants in its bank credit facility and its senior lender has consented to allow for the repurchase of up to $15.0 million of the Company's common stock. Currently, under the covenant formula applicable to stock repurchases in the indenture, the Company can repurchase $10.5 million of its common stock.

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