---
schema_version: "secwatch.filing_event.v1"
accession: "0001023459-23-000017"
form_type: "8-K"
ticker: "SLP"
cik: "0001023459"
company_name: "Simulations Plus, Inc."
filed_at: "2023-01-12T23:59:59+00:00"
generated_at: "2026-06-20T15:47:49.410109+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.4
calibrated_materiality_score: 0.4
confidence: "high"
source: SEC EDGAR
---

# Simulations Plus launches $20M accelerated share repurchase under $50M buyback plan

## Summary
- Enters ASR with Morgan Stanley; initial payment of $20M, receives ~409k shares.
- Final repurchase based on VWAP during term, expected to settle by Q3 fiscal 2023.
- Part of $50M buyback program authorized Dec 29, 2022; $30M remains available.
- Funding from available cash; aligns with updated capital allocation strategy including potential M&A and internal investment.

## SEC filing metadata
- accession: 0001023459-23-000017
- form_type: 8-K
- ticker: SLP
- cik: 0001023459
- company_name: Simulations Plus, Inc.
- filed_at: 2023-01-12T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.4
- calibrated_materiality_score: 0.4
- confidence: high
- sec_items: 1.01, 2.03, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1023459/000102345923000017/0001023459-23-000017-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1023459/000102345923000017/slp-20230111.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001023459-23-000017
- JSON: https://secwatch.observer/filing/0001023459-23-000017.json
- Plain text: https://secwatch.observer/filing/0001023459-23-000017.txt

## Key facts
- Material Agreements
  Simulations Plus, Inc. entered into accelerated share repurchase agreement with Morgan Stanley & Co. LLC valued at $20 million (effective 2023-01-11).
  - Action: entry
  - Agreement: equity purchase
  - Counterparty: Morgan Stanley & Co. LLC
  - Value: $20 million
  - Effective: 2023-01-11
  source text: On January 11, 2023, Simulations Plus, Inc., a California corporation (the “Company”), entered into an accelerated share repurchase agreement (the “ASR Agreement”) with Morgan Stanley & Co. LLC (“Morgan Stanley”) to repurchase an aggregate of $20 million of the Company’s outstanding common shares.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1023459/000102345923000017/0001023459-23-000017-index.htm

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