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AI English summary of an SEC filing — figures as filed

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Comfort Systems USA said its Board of Directors approved an amendment to the stock repurchase program. The amendment authorizes the company to buy up to 411,426 additional shares of common stock, raising the shares authorized and remaining available for purchase to as many as 1,000,000 shares.

8-KOther EventsFiled Period of report Summary published (UTC)

Key points

AI summary
  1. Comfort Systems USA said its Board of Directors approved an amendment to the stock repurchase program. The amendment authorizes the company to buy up to 411,426 additional shares of common stock, raising the shares authorized and remaining available for purchase to as many as 1,000,000 shares.

  2. The company said its existing stock repurchase program had previously authorized the repurchase of up to 10,944,125 shares of its issued common stock.

  3. Comfort Systems USA said it had repurchased 10,355,551 shares of common stock through August 7, 2024 at a total cost of $299,559,997 (excluding excise tax).

  4. The company said share repurchases will be made from time to time at its discretion in the open market or in privately negotiated transactions, subject to market conditions and other factors, and are expected to be financed with available cash. It said the Board of Directors may modify, suspend, extend or terminate the program at any time.

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.

Board Approves Amendment to Stock Repurchase Program

Comfort Systems USA said its Board of Directors approved an amendment to the stock repurchase program. The amendment authorizes the company to buy up to 411,426 additional shares of common stock, raising the shares authorized and remaining available for purchase to as many as 1,000,000 shares.

Source · Based on the filing body and exhibits

Authorization Limit Under Existing Program

The company said its existing stock repurchase program had previously authorized the repurchase of up to 10,944,125 shares of its issued common stock.

Source · Based on the filing body and exhibits

Repurchase Activity Through August 7, 2024

Comfort Systems USA said it had repurchased 10,355,551 shares of common stock through August 7, 2024 at a total cost of $299,559,997 (excluding excise tax).

Source · Based on the filing body and exhibits

Repurchase Method, Funding and Program Changes

The company said share repurchases will be made from time to time at its discretion in the open market or in privately negotiated transactions, subject to market conditions and other factors, and are expected to be financed with available cash. It said the Board of Directors may modify, suspend, extend or terminate the program at any time.

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.

Source: SEC EDGAR (U.S. Securities and Exchange Commission). Item captions are the SEC's. The summary is for reference only and is not investment advice.