secwatch.observer — SEC 8-K summary
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Issuer:     FIRST ADVANTAGE CORP (FA)
CIK:        0001210677
Form:       8-K
Filed at:   2023-09-15T23:59:59+00:00
Accession:  0000950170-23-048377
Event type: other_material
Sentiment:  positive
Materiality: 0.60
Item codes: 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

First Advantage extends $200M share repurchase authorization through Dec 2024
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- Board extended $200M share repurchase authorization by one year to December 31, 2024.
- Through Sep 14, 2023, Company repurchased 8.8M shares for $116.3M; $83.7M remaining.
- No shares will be purchased from Silver Lake or affiliates under this authorization.
- Repurchases funded from existing cash; no obligation to buy specific number of shares.
- CEO cites confidence in business trajectory and commitment to shareholder returns.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1210677/000095017023048377/0000950170-23-048377-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1210677/000095017023048377/fa-20230915.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-048377

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