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News Corporation's $1 Billion Stock Repurchase Program - SEC Form 8-K Insights

$NWS
Form 8-K
Filed on: 2023-07-12
Source
News Corporation's $1 Billion Stock Repurchase Program - SEC Form 8-K Insights

Here are the key insights extracted from the provided financial report section:

  1. Filing Details:
  • Form Type: The document is a Form 8-K, which is a current report required by the SEC to disclose significant events that may be of interest to shareholders.
  • Date of Report: July 11, 2023.
  1. Company Information:
  • Name: News Corporation.
  • Incorporation: Delaware.
  • SEC File Number: 001-35769.
  • IRS Employer Identification Number: 46-2950970.
  • Principal Executive Offices: 1211 Avenue of the Americas, New York, NY 10036.
  • Contact Number: (212) 416-3400.
  1. Stock Repurchase Program:
  • Authorization: News Corporation is authorized to repurchase up to $1 billion of its outstanding shares, which includes both Class A and Class B common stock.
  • Regulatory Compliance: The company is obligated to disclose its repurchase transactions daily to the Australian Securities Exchange (ASX) and also reports this in quarterly and annual filings.
  1. Forward-Looking Statements:
  • The report includes forward-looking statements regarding the company's intent to repurchase its common stock, which are subject to various uncertainties and market conditions.
  1. Exhibits:
  • Two exhibits (99.1 and 99.2) are attached to this filing, which contain information provided to the ASX regarding the stock repurchase program.
  1. Signatures:
  • The report is signed by Michael L. Bunder, Senior Vice President, Deputy General Counsel, and Corporate Secretary, dated July 12, 2023.

This summary highlights the essential information regarding the company's stock repurchase program and regulatory compliance, as well as important administrative details related to the SEC filing.