secwatch.observer — SEC 8-K summary
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Issuer:     Stagwell Inc (STGW)
CIK:        0000876883
Form:       8-K
Filed at:   2024-06-17T23:59:59+00:00
Accession:  0001104659-24-072342
Event type: other_material
Sentiment:  positive
Materiality: 0.55
Item codes: 8.01
LLM model:  deepseek-v4-flash:cloud@v2

Stagwell repurchases 4M shares from Goldman Sachs affiliates at $6.34, a 5% discount
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- Repurchased 4,000,000 shares at $6.34 per share, aggregate $25.36 million, a 5% discount to June 12 close.
- Shares retired immediately; outstanding common stock reduced by approximately 1.5%.
- After repurchase, Goldman Sachs retains 12,981,022 shares; total Class A outstanding is 112,346,046 shares.
- Transaction executed under existing stock repurchase program; no new authorization required.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/876883/000110465924072342/0001104659-24-072342-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/876883/000110465924072342/tm2417432d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-072342

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