---
schema_version: "secwatch.filing_event.v1"
accession: "0001157523-24-000084"
form_type: "8-K"
ticker: "CVSA"
cik: "0000730464"
company_name: "Covista Inc."
filed_at: "2024-01-19T23:59:59+00:00"
generated_at: "2026-06-06T21:36:39.182184+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Adtalem authorizes $300M new share repurchase program through Jan 2027; completes prior $300M program

## Summary
- New $300M share buyback authorization expires Jan. 16, 2027; purchases may be open market or privately negotiated.
- Prior $300M Feb 2022 program completed on Jan. 16, 2024, repurchasing 11.6M shares at avg $39.85.
- Since Feb 2022, shares outstanding reduced by 23%; ~39.3M shares outstanding as of Jan. 16, 2024.
- CEO Steve Beard cites confidence in growth strategy and robust cash flow supporting capital allocation.

## SEC filing metadata
- accession: 0001157523-24-000084
- form_type: 8-K
- ticker: CVSA
- cik: 0000730464
- company_name: Covista Inc.
- filed_at: 2024-01-19T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/730464/000115752324000084/0001157523-24-000084-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/730464/000115752324000084/a53885037.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001157523-24-000084
- JSON: https://secwatch.observer/filing/0001157523-24-000084.json
- Plain text: https://secwatch.observer/filing/0001157523-24-000084.txt

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