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Home > Fortune 500 Companies > Mohawk Indus.
Mohawk Indus.
Mohawk Indus is a publicly traded company having a good stock performances result. It’s a Fortune 500 stock listed company trading under the symbol MHK.
It is the leading producer and distributor of flooring worldwide. All major flooring categories, rugs, carpet, hardwood, ceramic tile, laminate and vinyl flooring can be purchased at an authorized Mohawk dealer for residential or commercial application. The company operates under four divisions with its own products, features, and brand names. It is a leading supplier of flooring for both residential and commercial applications. It offers a total selection of broadloom carpet, wood, stone, ceramic tile, laminate, vinyl, rugs and other home products. These products are marketed under the premier brands in the industry, which include Mohawk, Ralph Lauren, Karastan, Lees, Bigelow, Dal Tile and American Olean. Its exclusive merchandising and marketing assist their customers in creating the consumers' dream. They provide a premium level of service with its own trucking fleet and over 250 local distribution locations.
The Board of Directors represents the stockholders interests in enabling and increasing the value of the business enterprise, including optimizing long-term financial returns. The Board is accountable for ensuring that management is proficiently executing its duties by regularly monitoring the success of management policies and decisions, including the carrying out of the Company’s strategic plan.
The Company’s Board of Directors has authorized the repurchase of up to 15,000 shares of its outstanding common stock. For the year ended December 31, 2005, a total of about 186 shares of the Company’s common stock were purchased at an aggregate cost of around 14,521 dollars. Since the inception of the program, a total of about 11,393 shares have been repurchased at an aggregate cost of around 326,063 dollars. All of these repurchases have been financed through the Company’s operations and banking arrangements. On October 31, 2005, the Company entered into an agreement to issue approximately 585 shares to certain Unilin officers at 81.00 dollars per share for an aggregate purchase price of 47,429 dollars. These shares were issued in November 2005.
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