AI English summary of an SEC filing — figures as filed
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.
Key points
AI summaryComfort 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.
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.
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).
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-writtenAnalysis 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.
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