SECsense Logo

News Corporation's $1B Stock Repurchase Plan: December 2023 Form 8-K Insights

$NWS
Form 8-K
Filed on: 2024-01-02
Source
News Corporation's $1B Stock Repurchase Plan: December 2023 Form 8-K Insights

Here are the key insights extracted from the provided financial report section related to News Corporation:

  1. Filing Information:
  • Form Type: The report is a Form 8-K, which is a current report filed by publicly traded companies to disclose major events that shareholders should know about.
  • Date of Report: December 29, 2023.
  • Company Name: News Corporation.
  • Location: Delaware, USA.
  • SEC File Number: 001-35769.
  1. Stock Repurchase Program:
  • News Corporation has a stock repurchase program authorized to acquire up to $1 billion in aggregate of its outstanding shares of Class A and Class B common stock.
  • The company is required to disclose daily transactions related to this repurchase program to the Australian Securities Exchange (ASX) and also includes relevant information in its quarterly and annual reports.
  1. Forward-Looking Statements:
  • The report contains forward-looking statements concerning the company's intent to repurchase shares, which are based on management's expectations and beliefs. These statements are subject to various uncertainties and factors that could lead to actual results differing materially from those projected.
  1. Exhibits:
  • The report references two exhibits (99.1 and 99.2) that contain information provided to the ASX on specific dates regarding the share repurchase program.
  1. Company Information:
  • Address: 1211 Avenue of the Americas, New York, New York 10036.
  • Telephone: (212) 416-3400.
  1. Securities Registered:
  • The company has Class A Common Stock (Trading Symbol: NWSA) and Class B Common Stock (Trading Symbol: NWS), both traded on The Nasdaq Global Select Market.
  1. Emerging Growth Company:
  • The report confirms that the registrant is not an emerging growth company.

This summary provides a clear overview of the company's recent activities regarding its stock repurchase program and the relevant regulatory compliance associated with it.