secwatch.observer — SEC 8-K summary
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Issuer:     SEI INVESTMENTS CO (SEIC)
CIK:        0000350894
Form:       8-K
Filed at:   2023-04-18T23:59:59+00:00
Accession:  0000350894-23-000033
Event type: other_material
Sentiment:  positive
Materiality: 0.55
Item codes: 1.01, 2.03, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

SEI Investments expands stock buyback by $250M, total authorization ~$263M
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- Board of Directors approved $250M increase to share repurchase program, effective April 18, 2023.
- Total available repurchase authorization now approximately $263 million (up from $13 million).
- Credit facility amended to adopt SOFR as alternative reference rate in place of LIBOR; all other terms unchanged.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/350894/000035089423000033/0000350894-23-000033-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/350894/000035089423000033/seic-20230417.htm
  HTML page:      https://secwatch.observer/filing/0000350894-23-000033

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