secwatch.observer — SEC 8-K summary
======================================

Issuer:     PENN Entertainment, Inc. (PENN)
CIK:        0000921738
Form:       8-K
Filed at:   2022-12-08T23:59:59+00:00
Accession:  0000921738-22-000053
Event type: other_material
Sentiment:  positive
Materiality: 0.60
Item codes: 8.01
LLM model:  deepseek-v4-flash:cloud@v2

PENN Entertainment announces new $750M share repurchase program through 2025
----------------------------------------------------------------------------

- Board authorized new $750M buyback expiring Dec 31, 2025; supplements existing $750M Feb 2022 authorization.
- Company will exhaust remaining capacity under current $750M program before using new authorization.
- Repurchases subject to liquidity, market conditions, and may be suspended or discontinued without notice.
- No minimum share repurchase obligation; repurchases may use 10b5-1 plans or open market transactions.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/921738/000092173822000053/0000921738-22-000053-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/921738/000092173822000053/penn-20221206.htm
  HTML page:      https://secwatch.observer/filing/0000921738-22-000053

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