secwatch.observer — SEC 8-K summary
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Issuer:     RUSH ENTERPRISES INC \TX\ (RUSHA)
CIK:        0001012019
Form:       8-K
Filed at:   2023-12-06T23:59:59+00:00
Accession:  0001437749-23-033734
Event type: other_material
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Rush Enterprises adopts $150M repurchase program, repurchases $65.3M of Class B stock from CEO
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- Board authorized new $150M stock repurchase program, replacing prior program; $84.7M remains after transaction.
- Repurchased 1.5M shares of Class B Common from Chairman/CEO Rusty Rush at $43.56/share for $65.3M cash.
- Mr. Rush sold 16.7% of his Class B holdings; post-transaction he owns 180,339 Class A and 7,493,809 Class B shares.
- Sale partly used to repay ~$37M personal loan secured by Company shares; terms set by independent committee with advisors.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1012019/000143774923033734/0001437749-23-033734-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1012019/000143774923033734/rusha20231205_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-23-033734

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