secwatch.observer — SEC 8-K summary
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Issuer:     CoreCivic, Inc. (CXW)
CIK:        0001070985
Form:       8-K
Filed at:   2022-06-24T23:59:59+00:00
Accession:  0001193125-22-180708
Event type: other_material
Sentiment:  positive
Materiality: 0.65
Item codes: 8.01
LLM model:  deepseek-v4-flash:cloud@v2

CoreCivic announces potential $130M sale of McRae facility; updates share repurchase activity
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- Georgia Building Authority approved purchase of 1,978-bed McRae Correctional Facility for $130M; sale expected Q3 2022 subject to definitive agreements.
- Existing Fed BOP contract at McRae expires Nov 30, 2022 and is not expected to renew; temporary lease-back for up to 4 months.
- Since May 16, 2022, repurchased 2.8M shares at avg $12.68 for $35M; $115M remains under authorized repurchase plan.
- Repurchase plan has no time limit; management may conduct repurchases at discretion in open market or private transactions.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1070985/000119312522180708/0001193125-22-180708-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1070985/000119312522180708/d368814d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-22-180708

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