Skip to content
AnalystLens

CANADIAN PACIFIC KANSAS CITY LTD/CN 8-K Report, Corporate Update (Feb 15, 2018)

Reports
Other Events·Exhibits & Filings
Filing Date
Filed February 15, 2018
Period End
February 14, 2018
Security
CP
In the record · 2016–202610-K2010-Q328-K361

CP filed 20 annual reports (10-K), 32 quarterly reports (10-Q) and 361 current reports (8-K) between 2016 and 2026.

  1. Material agreement8-K · Jun ’16Jun ’16
  2. Material agreement8-K · Oct ’19Oct ’19
  3. Leadership change8-K · Feb ’22Feb ’22
  4. Leadership change8-K · Jul ’26Jul ’26

01—Abstract

Summary

Summary of the 8-K filed February 15, 2018. Cited figures are marked; the original filing is the authoritative source.

Canadian Pacific Kansas City Ltd. (CP) filed an 8-K on February 15, 2018, primarily detailing the execution of a share repurchase program.

The company announced on February 14, 2018, that it would acquire common shares from a third-party seller. This specific repurchase is part of CP's ongoing Normal Course Issuer Bid (NCIB), which was initially announced on May 10, 2017, and allows for the repurchase of up to 4,384,062 common shares. The press release announcing this transaction is attached as an exhibit to the filing.

02—Key points

Key Highlights

  1. CP announced a share repurchase from a third-party seller on February 14, 2018.
  2. This repurchase is part of the company's existing Normal Course Issuer Bid (NCIB).
  3. The NCIB, announced on May 10, 2017, permits the repurchase of up to 4,384,062 common shares.
  4. The filing includes a press release dated February 14, 2018, as Exhibit 99.1, which contains further details on the share repurchase.
  5. This action is a continuation of CP's capital return strategy to shareholders.

03—Questions

Frequently Asked Questions

  1. What is the main purpose of this 8-K filing?

    The main purpose of this 8-K filing is to announce Canadian Pacific Kansas City Ltd.'s (CP) intention to repurchase common shares from a third-party seller as part of its ongoing share repurchase program.

  2. Is this a new share repurchase program?

    No, this is not a new program. The repurchase announced on February 14, 2018, is part of CP's previously announced Normal Course Issuer Bid (NCIB) from May 10, 2017.

  3. What is the total number of shares CP is authorized to repurchase under its NCIB?

    Under the Normal Course Issuer Bid announced on May 10, 2017, CP is authorized to repurchase up to 4,384,062 common shares.

  4. Where can I find more information about this share repurchase?

    More information can be found in the press release dated February 14, 2018, which is attached as Exhibit 99.1 to this 8-K filing.

04—Continue

← View all 8-K filings