secwatch.observer — SEC 8-K summary
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Issuer:     WESCO INTERNATIONAL INC (WCC)
CIK:        0000929008
Form:       8-K
Filed at:   2022-06-01T23:59:59+00:00
Accession:  0000929008-22-000022
Event type: other_material
Sentiment:  positive
Materiality: 0.70
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Wesco announces new $1B share repurchase authorization
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- Board approved repurchase of up to $1B of common and preferred stock.
- Program has no expiration; may be modified or terminated at any time.
- CEO cites confidence in growth, strong free cash flow, and deleveraging.
- Repurchases may be executed via open market, block trades, or 10b5-1 plans.
- Company expects to reach target leverage range during Q2 2022.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/929008/000092900822000022/0000929008-22-000022-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/929008/000092900822000022/wcc-20220531.htm
  HTML page:      https://secwatch.observer/filing/0000929008-22-000022

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