secwatch.observer — SEC 8-K summary
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Issuer:     ACI WORLDWIDE, INC. (ACIW)
CIK:        0000935036
Form:       8-K
Filed at:   2021-12-06T23:59:59+00:00
Accession:  0000935036-21-000075
Event type: other_material
Sentiment:  positive
Materiality: 0.65
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

ACI Worldwide authorizes $250M share repurchase program, citing confidence in strategy
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- Board authorized repurchase of up to $250M in common stock, including $38M remaining under prior authorization.
- Company has repurchased $100M of stock since start of 2020; plans to use significant portion within 12 months.
- CEO says authorization reflects confidence in three-pillar strategy and long-term vision for real-time payments.
- CFO says targeting half of free cash flow to share repurchases in near term, consistent with analyst day.
- Repurchases may be made in open market or private transactions; authorization has no expiration.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/935036/000093503621000075/0000935036-21-000075-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/935036/000093503621000075/aciw-20211201.htm
  HTML page:      https://secwatch.observer/filing/0000935036-21-000075

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