ELA Envela Corp - 8-K

Item 8.01. Other Events.

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On April 9, 2026, the Board of Directors of Envela Corporation, a Nevada corporation (the “Company”), authorized the extension of the expiration date of the Company’s existing stock repurchase plan (the “Repurchase Plan”) from March 31, 2026 to March 31, 2028. All other terms and conditions of the Repurchase Plan remain unchanged. Under the Repurchase Plan, the Company is authorized to repurchase up to an aggregate of 1,100,000 shares of the Company’s common stock. Repurchases may be conducted through open-market purchases, 10b5-1 plans, privately negotiated transactions, or other methods as determined by the Company’s Chief Executive Officer and President or Chief Financial Officer (the “Authorized Officers”), at prices and on terms determined by the Authorized Officers, subject to compliance with applicable federal and state securities laws, SEC regulations, applicable exchange listing standards, and the Nevada Revised Statutes. Repurchased shares may be retired, reducing the Company’s capital accounts, at the discretion of the Authorized Officers.

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