secwatch.observer — SEC 8-K summary
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Issuer:     RAMBUS INC (RMBS)
CIK:        0000917273
Form:       8-K
Filed at:   2022-09-12T23:59:59+00:00
Accession:  0001193125-22-242481
Event type: other_material
Sentiment:  positive
Materiality: 0.55
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Rambus launches $100M accelerated share repurchase with Wells Fargo
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- Rambus enters ASR agreement with Wells Fargo to repurchase $100M of common stock.
- Initial delivery of approximately 3.1 million shares expected within first week.
- Final share count based on VWAP during transaction minus agreed discount.
- Program expected to be completed within four months; part of broader authorized buyback.
- CEO Luc Seraphin cites confidence in future growth and capital allocation strategy.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/917273/000119312522242481/0001193125-22-242481-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/917273/000119312522242481/d403741d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-22-242481

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