secwatch.observer — SEC 8-K summary
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Issuer:     GRIFFON CORP (GFF)
CIK:        0000050725
Form:       8-K
Filed at:   2024-02-20T23:59:59+00:00
Accession:  0000930413-24-000626
Event type: other_material
Sentiment:  positive
Materiality: 0.75
Item codes: 1.01, 5.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Griffon repurchases 1.5M shares from Voss Capital at $65.50; director Cocke resigns
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- Repurchased 1.5M shares from Voss Capital at $65.50/share, aggregate $98.25M, a 3.7% discount to $68.04 close.
- Travis Cocke, Voss CIO and former board member, resigned from the Board effective Feb 20, 2024.
- Two-year standstill and non-disparagement agreement; Voss retains $128M remaining buyback authority.
- Cumulative buybacks since last April total 7.5M shares (13.1% of outstanding) for $330M, avg $44.21/share.
- Co. cites solid operating performance, free cash flow, and confidence in strategic plan for shareholder returns.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/50725/000093041324000626/0000930413-24-000626-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/50725/000093041324000626/c108255_8k-ixbrl.htm
  HTML page:      https://secwatch.observer/filing/0000930413-24-000626

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