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News Corporation 8-K Report: $1 Billion Stock Buyback Program Announced

$NWS
Form 8-K
Filed on: 2024-05-09
Source
News Corporation 8-K Report: $1 Billion Stock Buyback Program Announced

Here's the key information extracted from the provided financial report:

  1. Filing Details:
  • Form: 8-K
  • Date of Report: May 8, 2024
  • Company: News Corporation
  • State of Incorporation: Delaware
  • Commission File Number: 001-35769
  • IRS Employer Identification No.: 46-2950970
  • Address: 1211 Avenue of the Americas, New York, New York 10036
  • Telephone: (212) 416-3400
  1. Item 8.01 - Other Events:
  • News Corporation has a stock repurchase program authorized to acquire up to $1 billion of its outstanding shares of Class A and Class B common stock.
  • The company is obligated to disclose its repurchase transactions to the Australian Securities Exchange (ASX) on a daily basis and also includes this information in its quarterly and annual reports.
  1. Forward-Looking Statements:
  • The report contains forward-looking statements regarding the Company's intent to repurchase its Class A and Class B common stock, highlighting that these are subject to market conditions, stock prices, and other uncertainties.
  • It explicitly states that actual outcomes may differ from the forecasts due to various factors including market conditions and applicable securities laws.
  1. Exhibits Included:
  • Exhibit 99.1: Information provided to the ASX for Class A shares.
  • Exhibit 99.2: Information provided to the ASX for Class B shares.
  • Exhibit 104: Cover Page Interactive Data File.
  1. Signatures:
  • The report is signed by Michael L. Bunder, Senior Vice President, Deputy General Counsel and Corporate Secretary, on May 9, 2024.

This summary captures the essential elements of the filing, focusing on the stock repurchase program and the obligations pertaining to disclosures, as well as the forward-looking nature of the statements provided.