Veeva Systems 8-K Report, Corporate Update (Jan 5, 2026)

Veeva Systems Inc. (NYSE: VEEV) announced on January 5, 2026 that its Board of Directors authorized a share repurchase program of up to $2 billion^a of its Class A common stock.

Under Item 8.01 of this Form 8-K, the company states that repurchases may be made through open market purchases, privately negotiated transactions, or other means, including Rule 10b5-1 trading plans, in accordance with Rule 10b-18. The timing and amount of repurchases will be at management's discretion and depend on business, economic and market conditions, regulatory requirements, prevailing stock prices, and other considerations. The program has a term of two years, does not obligate Veeva to buy a specific number of shares, and may be canceled or suspended at any time without notice.

In the accompanying press release (Exhibit 99.1), CFO Brian Van Wagener said the company's multi-product business and operational discipline have driven financial outperformance and robust cash generation, providing a healthy balance sheet to invest and return capital to shareholders. He described the launch as the company's first-ever share repurchase program.

The press release also describes Veeva as a provider of industry cloud solutions for the global life sciences industry serving more than 1,500 customers, and notes it is a Public Benefit Corporation. The filing states that the information is not deemed "filed" for purposes of Section 18 of the Exchange Act.