8-KOther EventsExhibits & Filings

ENTEGRIS INC 8-K Report, Corporate Update (Nov 19, 2018)

Filed November 19, 2018For Securities:ENTG

Summary

Entegris, Inc. (ENTG) announced on November 19, 2018, a significant expansion of its share repurchase program. The Board of Directors authorized an additional $250 million for the repurchase of the Company's common stock. This new authorization is incremental to any remaining funds from the previously established program in February 2018, signaling a continued commitment to returning capital to shareholders.

Key Highlights

  • 1Entegris authorized an additional $250 million for share repurchases.
  • 2The new authorization is in addition to the remaining balance of a prior February 2018 share repurchase program.
  • 3Shares can be repurchased through open market or privately negotiated transactions.
  • 4The repurchase program is discretionary, with no obligation to repurchase a specific number of shares.
  • 5Repurchases are subject to market conditions, stock price, and alternative investment opportunities.
  • 6The company retains the right to suspend or discontinue the program at any time.
  • 7This action indicates management's confidence in the company's financial position and future prospects.

Frequently Asked Questions

The company announced an additional $250 million authorization, which is on top of any remaining funds from the previously authorized program in February 2018. The total authorized amount would be the sum of the new $250 million and the remaining balance from the prior program.

The shares may be repurchased in the open market or through privately negotiated transactions. The specific method will depend on market conditions and other factors.

No, Entegris has no obligation to repurchase shares under this authorization. The timing, number, and value of shares repurchased will depend on various factors, and the company can suspend or discontinue the program at any time.

An increased share repurchase authorization generally suggests that management believes the company's stock is undervalued or that it has strong free cash flow generation capabilities. It indicates a commitment to enhancing shareholder value.