secwatch.observer — SEC 8-K summary
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Issuer:     KULICKE & SOFFA INDUSTRIES INC (KLIC)
CIK:        0000056978
Form:       8-K
Filed at:   2022-03-09T23:59:59+00:00
Accession:  0000056978-22-000035
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Kulicke & Soffa enters $150M accelerated share repurchase agreement
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- Entered $150M ASR for its common stock; initial delivery of 2,449,980 shares on March 10, 2022.
- Final share count based on VWAP less discount; settlement expected by end of Q3 fiscal 2022.
- Approximately $340M remains under $800M repurchase authorization after ASR completion.
- During Q2 fiscal 2022 through March 2, K&S repurchased $24.4M (459.7K shares).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/56978/000005697822000035/0000056978-22-000035-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/56978/000005697822000035/klic-20220309.htm
  HTML page:      https://secwatch.observer/filing/0000056978-22-000035

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer