FCN News & Events

FTI Consulting announced that FTI Consulting's board of directors authorized an additional $370M to repurchase shares of its outstanding common stock under its stock repurchase program. As of June 2, FTI Consulting has repurchased an aggregate of approximately 19.1M shares at an average price per share of $107.94 since the repurchase program was originally authorized in June 2016, for an aggregate cost of approximately $2.1B. After giving effect to share repurchases through that date and the increased authorization, FTI Consulting has approximately $507.4M remaining available for common stock repurchases under its program.

The U.S. Department of the Treasury's Office of Foreign Assets Control announced a settlement with FTI Consulting. FTI agreed to remit $1.05M to settle its potential civil liability for its apparent violations of OFAC sanctions targeting Russia's financial sector, the agency said in a statement. "Between April 2019 and May 2021, FTI indirectly dealt in prohibited debt of VTB Bank OAO, a Russian state-owned bank on OFAC's Sectoral Sanctions Identification List, on six occasions," it added.