secwatch.observer — SEC 8-K summary
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Issuer:     SMITH & WESSON BRANDS, INC. (SWBI)
CIK:        0001092796
Form:       8-K
Filed at:   2023-09-20T23:59:59+00:00
Accession:  0001193125-23-238033
Event type: other_material
Sentiment:  positive
Materiality: 0.60
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Smith & Wesson board authorizes $50M stock repurchase program through Sept 2024
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- Board authorized up to $50 million in share repurchases through September 19, 2024.
- Repurchases may be made on open market, block trades, or privately negotiated transactions.
- CEO Mark Smith cites completion of Tennessee move as reason to return excess capital to shareholders.
- Shares repurchased will be considered issued but not outstanding.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1092796/000119312523238033/0001193125-23-238033-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1092796/000119312523238033/d516249d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-238033

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