CDI Corporation

CDI Corp. Announces $20 Million Share Repurchase Program; Eliminates Cash Dividend

PHILADELPHIA, Jan. 25, 2016 /PRNewswire/ –Â CDI Corp. (NYSE: CDI) (the “Company”) a provider of client-focused engineering, information technology and staffing solutions, today announced that its Board of Directors has approved a stock repurchase program (the “Program”). Under the Program, CDI is authorized to repurchase up to $20 million of its common stock from time to time and at prices considered appropriate by the company. The stock repurchases may be made via privately negotiated transactions, open market purchases, block trades or by other means at management’s discretion in compliance with applicable securities laws. The timing of repurchases and number of shares of common stock to be purchased will depend upon market conditions and other factors. The company is not required to repurchase any specific number of shares and the Program may be modified, suspended or discontinued at any time without prior notice. The Program will remain in effect until fully utilized or until modified, suspended or discontinued.

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