secwatch.observer — SEC 8-K summary
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Issuer:     PROG Holdings, Inc. (PRG)
CIK:        0001808834
Form:       8-K
Filed at:   2021-12-08T23:59:59+00:00
Accession:  0001193125-21-350815
Event type: other_material
Sentiment:  positive
Materiality: 0.60
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

PROG Holdings completes $425M tender offer at $49/share, repurchases ~13.2% of shares
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- Final purchase price $49.00 per share; aggregate cost approx. $425M excluding fees.
- 8,673,469 shares accepted on a pro rata basis; proration factor 77.8%.
- Shares repurchased represent 13.2% of outstanding common stock as of Dec 1, 2021.
- Tender offer expired Dec 3, 2021; payment to tendering shareholders on Dec 9, 2021.
- J.P. Morgan served as dealer manager; Georgeson LLC acted as information agent.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1808834/000119312521350815/0001193125-21-350815-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1808834/000119312521350815/d241748d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-21-350815

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