secwatch.observer — SEC 8-K summary
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Issuer:     HARMONIC INC. (HLIT)
CIK:        0000851310
Form:       8-K
Filed at:   2022-02-04T23:59:59+00:00
Accession:  0000851310-22-000006
Event type: other_material
Sentiment:  positive
Materiality: 0.55
Item codes: 5.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Harmonic authorizes $100M stock repurchase program through Feb 2025
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- Board approved repurchase of up to $100M of common stock, program expires February 2025.
- Funded from cash on hand and cash from operations; no debt issuance planned.
- CEO Harshman states repurchase program reflects confidence in balance sheet and future growth.
- Repurchases may be made via open market or 10b5-1 plans, subject to price and market conditions.
- Company not obligated to repurchase any specific amount; program may be suspended anytime.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/851310/000085131022000006/0000851310-22-000006-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/851310/000085131022000006/hlit-20220201.htm
  HTML page:      https://secwatch.observer/filing/0000851310-22-000006

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