---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-22-028345"
form_type: "8-K"
ticker: "RUSHA"
cik: "0001012019"
company_name: "RUSH ENTERPRISES INC \\TX\\"
filed_at: "2022-12-02T23:59:59+00:00"
generated_at: "2026-06-21T10:02:09.054207+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Rush Enterprises adopts $150M stock repurchase program, replacing $100M prior plan

## Summary
- New $150M stock repurchase program authorized; replaces $100M prior program (effective Dec 1, 2022).
- Company had repurchased $93.1M under prior program as of Nov 30, 2022.
- Credit agreement amended: total loan commitment reduced from $250M to $175M.
- Five-year strategy targets $10B revenue with 6% pre-tax return on sales.

## SEC filing metadata
- accession: 0001437749-22-028345
- form_type: 8-K
- ticker: RUSHA
- cik: 0001012019
- company_name: RUSH ENTERPRISES INC \TX\
- filed_at: 2022-12-02T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1012019/000143774922028345/0001437749-22-028345-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1012019/000143774922028345/rusha20221202_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-22-028345
- JSON: https://secwatch.observer/filing/0001437749-22-028345.json
- Plain text: https://secwatch.observer/filing/0001437749-22-028345.txt

## Key facts
- Material Agreements
  RUSH ENTERPRISES INC \TX\ amended First Amendment to Credit Agreement with Wells Fargo Bank, N.A., as Administrative Agent, and the lenders party thereto valued at from $250 million to $175 million (effective 2022-11-30).
  - Action: amendment
  - Agreement: credit facility
  - Counterparty: Wells Fargo Bank, N.A., as Administrative Agent, and the lenders party thereto
  - Value: from $250 million to $175 million
  - Effective: 2022-11-30
  source text: Effective November 30, 2022, Rush Enterprises, Inc. (the “Company”) and certain of its subsidiaries (the Company and such subsidiaries collectively, “Rush”) entered into the First Amendment to Credit Agreement (the “First Amendment”) with each of the lenders party thereto (the “Lenders”) and Wells Fargo Bank, N.A., as Administrative Agent (the “Administrative Agent”), which amended that certain Credit Agreement, dated as of September 14, 2021, among Rush, the Lenders and Administrative Agent.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1012019/000143774922028345/0001437749-22-028345-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.