---
schema_version: "secwatch.filing_event.v1"
accession: "0001002638-25-000031"
form_type: "8-K"
ticker: "OTEX"
cik: "0001002638"
company_name: "OPEN TEXT CORP"
filed_at: "2025-03-13T23:59:59+00:00"
generated_at: "2026-05-24T20:09:41.159129+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# OpenText boosts share repurchase authorization by $150M to $450M; sets up automatic purchase plan

## Summary
- Fiscal 2025 NCIB increased from $300M to $450M, a 50% hike; max shares unchanged at 21.2M.
- Automatic share purchase plan (ASPP) effective March 14, 2025, enables repurchases during blackout periods.
- Since NCIB start (Aug 2024), OpenText bought ~8.9M shares for ~$258M.
- CEO cites confidence in strong margins, cash flows, and long-term shareholder value.

## SEC filing metadata
- accession: 0001002638-25-000031
- form_type: 8-K
- ticker: OTEX
- cik: 0001002638
- company_name: OPEN TEXT CORP
- filed_at: 2025-03-13T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1002638/000100263825000031/0001002638-25-000031-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1002638/000100263825000031/otex-20250313.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001002638-25-000031
- JSON: https://secwatch.observer/filing/0001002638-25-000031.json
- Plain text: https://secwatch.observer/filing/0001002638-25-000031.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.