---
schema_version: "secwatch.filing_event.v1"
accession: "0001140361-23-038900"
form_type: "8-K"
ticker: "BMY"
cik: "0000014272"
company_name: "BRISTOL MYERS SQUIBB CO"
filed_at: "2023-08-10T23:59:59+00:00"
generated_at: "2026-06-11T17:04:46.210994+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Bristol-Myers Squibb enters $4B accelerated share repurchase with four banks

## Summary
- Entered ASR agreements with Bank of America, Citibank, JPMorgan Chase, and Morgan Stanley to repurchase $4.0B of common stock.
- On August 10, BMS pays $4B and initially receives shares worth 85% of purchase price based on Aug 9 closing price.
- Final number of shares based on VWAP during term; scheduled to terminate in Q4 2023.
- BMS may receive additional shares or deliver shares/cash upon final settlement.
- Buyback under previously authorized multi-year share repurchase program.

## SEC filing metadata
- accession: 0001140361-23-038900
- form_type: 8-K
- ticker: BMY
- cik: 0000014272
- company_name: BRISTOL MYERS SQUIBB CO
- filed_at: 2023-08-10T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 8.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/14272/000114036123038900/0001140361-23-038900-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/14272/000114036123038900/brhc20057302_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-23-038900
- JSON: https://secwatch.observer/filing/0001140361-23-038900.json
- Plain text: https://secwatch.observer/filing/0001140361-23-038900.txt

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