SECsense Logo

News Corporation 8-K Report: $1 Billion Stock Repurchase Program Details

$NWS
Form 8-K
Filed on: 2022-06-27
Source
News Corporation 8-K Report: $1 Billion Stock Repurchase Program Details

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

  1. Filing Information:
  • Form Type: 8-K (Current Report)
  • Date of Report: June 24, 2022
  • 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, NY 10036
  • Telephone Number: (212) 416-3400
  1. Stock Repurchase Program:
  • News Corporation has a stock repurchase program authorized to buy up to $1 billion of its outstanding shares, which include both Class A and Class B common stock.
  • The company is required to report its transactions under this program to the Australian Securities Exchange (ASX) daily.
  • This information is also disclosed in quarterly and annual reports.
  1. Forward-Looking Statements:
  • The document includes forward-looking statements regarding the intent to repurchase shares. These statements are based on current expectations and are subject to risks and uncertainties that could lead to actual results differing materially from those expected. Factors include market price changes, market conditions, securities laws, and other investment opportunities.
  1. Exhibits:
  • Exhibit 99.1: Information provided to the ASX regarding Class A common stock.
  • Exhibit 99.2: Information provided to the ASX regarding Class B common stock.
  1. Signature:
  • The report is signed by Michael L. Bunder, Senior Vice President, Deputy General Counsel, and Corporate Secretary, dated June 27, 2022.

This report outlines significant corporate actions regarding stock repurchases, regulatory compliance, and forward-looking expectations, which are crucial for investors and stakeholders analyzing the company's financial health and strategic direction.