The company said that on August 7, 2024, in light of improved conditions, it determined that repurchases under the Repurchase Program may resume.

1. 01

   The company said that on August 7, 2024, in light of improved conditions, it determined that repurchases under the Repurchase Program may resume.

2. 02

   Micron said that on May 21, 2018, its Board of Directors had authorized a stock repurchase program through open market purchases, block trades, privately negotiated transactions and derivative transactions. It added that on December 21, 2022, it disclosed the temporary suspension of the program due to the industry downturn.

3. 03

   The company said resuming repurchases will help offset dilution from employee stock purchase programs. It also said the program is subject to market conditions and its ongoing determination that it is the best use of available cash.

4. 04

   The company said it maintains its commitment to further strengthening its balance sheet and sustaining its investment grade credit rating.

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Original filing

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