8-KOther Events

ENTEGRIS INC 8-K Report, Corporate Update (Aug 21, 2012)

Filed August 21, 2012For Securities:ENTG

Summary

Entegris, Inc. (ENTG) filed an 8-K on August 21, 2012, reporting an amendment to its pre-arranged stock trading plan. This amendment, effective August 20, 2012, extended the expiration date of the stock repurchase plan originally established in November 2011. The primary purpose of this plan is to allow Entegris to repurchase up to $50 million of its common stock in compliance with Rule 10b5-1 under the Securities Exchange Act of 1934. The extension of the plan until February 8, 2013, indicates the company's continued intention to utilize this mechanism for potential share buybacks, providing flexibility in its capital allocation strategy.

Key Highlights

  • 1Entegris, Inc. (ENTG) filed an 8-K report on August 21, 2012.
  • 2The report details an amendment to the company's stock trading plan.
  • 3The amendment extends the expiration date of the stock repurchase plan.
  • 4The original plan was established on November 22, 2011, for repurchasing up to $50 million of common stock.
  • 5The amendment extends the plan's expiration to February 8, 2013.
  • 6All other terms and conditions of the original plan remain unchanged.
  • 7The plan operates under Rule 10b5-1 of the Securities Exchange Act of 1934.

Frequently Asked Questions

The main purpose of this 8-K filing is to report an amendment to Entegris, Inc.'s pre-arranged stock trading plan. Specifically, the amendment extends the expiration date of the company's stock repurchase program.

The plan authorizes Entegris to repurchase up to $50 million of its common stock. The amendment extends the expiration date of this plan from its original end date to February 8, 2013.

No, according to the filing, all other provisions of the original stock trading plan remain unchanged. Only the expiration date has been extended.

A Rule 10b5-1 plan allows companies to repurchase their own stock through a pre-arranged trading program. This is designed to avoid concerns about insider trading by setting the terms of the trades in advance when the company does not possess material non-public information.