---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-23-029911"
form_type: "8-K"
ticker: "CETX"
cik: "0001435064"
company_name: "CEMTREX INC"
filed_at: "2023-08-23T23:59:59+00:00"
generated_at: "2026-06-11T04:44:40.809206+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Cemtrex authorizes repurchase of up to 2.3M Series 1 Preferred shares over 3 years

## Summary
- Board approved repurchase of up to 2,300,000 shares of Series 1 Preferred Stock (CETXP).
- Program runs from Sept 1, 2023 to Aug 31, 2026; open-market purchases, block trades, or private deals.
- Company may also enter into Rule 10b5-1 trading plans to facilitate repurchases; no obligation to buy any specific number.
- CEO Saagar Govil said the market currently undervalues the business, citing flexibility to repurchase if conditions persist.

## SEC filing metadata
- accession: 0001493152-23-029911
- form_type: 8-K
- ticker: CETX
- cik: 0001435064
- company_name: CEMTREX INC
- filed_at: 2023-08-23T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1435064/000149315223029911/0001493152-23-029911-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1435064/000149315223029911/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-23-029911
- JSON: https://secwatch.observer/filing/0001493152-23-029911.json
- Plain text: https://secwatch.observer/filing/0001493152-23-029911.txt

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