secwatch.observer — SEC 8-K summary
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Issuer:     GRACO INC (GGG)
CIK:        0000042888
Form:       8-K
Filed at:   2026-11-10T22:13:39+00:00
Accession:  0001193125-26-455736
Event type: other_material
Sentiment:  positive
Materiality: 0.65
Item codes: 7.01, 8.01, 9.01
LLM model:  deepseek-v4.1-flash:cloud@v2

Graco signs $600M accelerated share repurchase with Bank of America, about 5% of shares outstanding
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- $600M upfront payment to Bank of America, N.A. on Nov. 11, 2026; initial delivery of ~6.9M shares, ~80% of $600M divided by the Nov. 10 closing price.
- ASR equals roughly 5% of Graco's outstanding shares; funded with cash on hand plus borrowings under the existing revolving credit facility.
- Final share count set at settlement on the volume-weighted average price less a discount; settlement slated for March 2027, may finish earlier at Bank of America's election.
- ~17M shares remained available under the current buyback authorization as of Nov. 10, 2026, after the Dec. 2025 board authorization of up to 15M shares.
- CEO Mark Sheahan said shares 'represent an attractive investment at current levels' and the ASR preserves flexibility for organic growth and acquisitions.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/42888/000119312526455736/0001193125-26-455736-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/42888/000119312526455736/d125383d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-26-455736

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