The company said its Board of Directors approved on October 1, 2025 a share repurchase program of up to $400 million for its outstanding Class A and Class B common stock.

8-KRegulation FD DisclosureFiled Oct 2, 2025Period of report Oct 2, 2025Summary published (UTC) Oct 12, 2026

Key points

AI summary

The company said its Board of Directors approved on October 1, 2025 a share repurchase program of up to $400 million for its outstanding Class A and Class B common stock.
The company said the repurchase program runs from October 1, 2025 through October 1, 2026 and is subject to market and other conditions.
The company said it can buy back shares for cash through open market purchases, block transactions, purchases under Rule 10b5-1, and privately negotiated transactions. It said it is not obligated to repurchase a minimum number of shares and may modify, suspend or terminate the program at any time without prior notice.
The company said Lawson Whiting, its President and Chief Executive Officer, stated that he remains confident in the company's ability to generate strong cash flow despite a more competitive environment. The company also said he described the repurchase as aligned with its capital deployment priorities.

Summary

AI-written

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

$400 million Share Repurchase Authorization

The company said its Board of Directors approved on October 1, 2025 a share repurchase program of up to $400 million for its outstanding Class A and Class B common stock.

Source · Based on the filing body and exhibits

Repurchase period: October 1, 2025 to October 1, 2026

The company said the repurchase program runs from October 1, 2025 through October 1, 2026 and is subject to market and other conditions.

Source · Based on the filing body and exhibits

Repurchase methods and no minimum purchase obligation

The company said it can buy back shares for cash through open market purchases, block transactions, purchases under Rule 10b5-1, and privately negotiated transactions. It said it is not obligated to repurchase a minimum number of shares and may modify, suspend or terminate the program at any time without prior notice.

Source · Based on the filing body and exhibits

CEO on capital deployment

The company said Lawson Whiting, its President and Chief Executive Officer, stated that he remains confident in the company's ability to generate strong cash flow despite a more competitive environment. The company also said he described the repurchase as aligned with its capital deployment priorities.

Source · Based on the filing body and exhibits

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.

View the original filing on SEC EDGAR ↗

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