The company said its Board of Directors authorized an addition of $3 billion to the balance of its existing stock repurchase program, and that it announced the authorization in a press release on March 7, 2024.

8-KOther EventsFiled Mar 7, 2024Period of report Mar 4, 2024Summary published (UTC) Oct 28, 2026

Key points

AI summary

The company said its Board of Directors authorized an addition of $3 billion to the balance of its existing stock repurchase program, and that it announced the authorization in a press release on March 7, 2024.
The company said the $3 billion increase would raise its total current repurchase authority to approximately $3.3 billion.
The company said the remaining repurchase authority under its existing program was approximately $299 million as of the fiscal year ended February 3, 2024.
The company said it may repurchase stock in the open market or through privately negotiated transactions, and that management will determine the size and timing of repurchases based on market conditions and other factors, and the program may be suspended or discontinued 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.

$3 billion Stock Repurchase Authorization Added

The company said its Board of Directors authorized an addition of $3 billion to the balance of its existing stock repurchase program, and that it announced the authorization in a press release on March 7, 2024.

Source · Based on the filing body and exhibits

Total Buyback Authority At About $3.3 billion

The company said the $3 billion increase would raise its total current repurchase authority to approximately $3.3 billion.

Source · Based on the filing body and exhibits

Remaining Authority Under Existing Program About $299 million

The company said the remaining repurchase authority under its existing program was approximately $299 million as of the fiscal year ended February 3, 2024.

Source · Based on the filing body and exhibits

Repurchase Methods and Possible Program Suspension

The company said it may repurchase stock in the open market or through privately negotiated transactions, and that management will determine the size and timing of repurchases based on market conditions and other factors, and the program may be suspended or discontinued 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.

View the original filing on SEC EDGAR ↗

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