Preferred and Common Stock

12 Months Ended

Oct. 31, 2012

Preferred and Common Stock

13. PREFERRED AND COMMON STOCK

Treasury Stock

On September 5, 2012, the Company’s Board of Directors approved a share repurchase program authorizing up to $50 million in share repurchases. Under this repurchase program, the Company may purchase its common shares from time to time in open market purchases or privately negotiated transactions and the timing of repurchases will depend upon several factors, including market and business conditions. The repurchase program may be suspended or discontinued at any time without notice. No stock repurchases were made in the year ended October 31, 2012.

Preferred Stock

ABM is authorized to issue 500,000 shares of preferred stock. None of these preferred shares are currently issued.