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

$NWS
Form 8-K
Filed on: 2022-08-24
Source
News Corporation 8-K Report: $1 Billion Stock Repurchase Program Unveiled

Based on the provided section of the financial report, here are the key insights and information extracted:

  1. Filing Details:
  • Form: 8-K (Current Report)
  • Date of Report: August 23, 2022
  • Company: News Corporation
  • SEC File Number: 001-35769
  • IRS Employer Identification Number: 46-2950970
  1. Headquarters:
  • Address: 1211 Avenue of the Americas, New York, New York 10036
  • Telephone Number: (212) 416-3400
  1. Stock Repurchase Program:
  • The company has a stock repurchase program authorized to acquire up to $1 billion of its outstanding shares, which includes both Class A and Class B Common Stock.
  • Compliance with the Australian Securities Exchange (ASX) rules requires daily disclosure of transactions related to this repurchase program.
  1. Forward-Looking Statements:
  • The report includes forward-looking statements regarding the company’s intent to repurchase shares, which are subject to market conditions, stock price fluctuations, and other uncertainties.
  • The forward-looking statements are made as of the report date, and the company does not undertake any obligation to update these statements unless required by law.
  1. Exhibits:
  • Exhibit 99.1: Information provided to the ASX related to Class A shares.
  • Exhibit 99.2: Information provided to the ASX related to Class B shares.
  1. Emerging Growth Company Status:
  • The report provides options for indicating whether the registrant is an emerging growth company, but no check mark is shown in the provided text.
  1. Signature:
  • Signed by Michael L. Bunder, Senior Vice President, Deputy General Counsel and Corporate Secretary, on August 24, 2022.

This summary encapsulates the essential elements from the financial report, particularly focusing on the stock repurchase program and the formalities surrounding the filing.