secwatch.observer — SEC 8-K summary
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Issuer:     Matson, Inc. (MATX)
CIK:        0000003453
Form:       8-K
Filed at:   2022-08-23T23:59:59+00:00
Accession:  0001558370-22-013893
Event type: other_material
Sentiment:  positive
Materiality: 0.50
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Matson adds 3M shares (~8% of outstanding) to existing share repurchase program
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- Board approved adding 3M shares to existing 6M program; total authorized becomes 9M shares.
- As of Aug 22, 2022, ~0.5M shares remained under the prior repurchase authorization.
- Since program began Aug 2021, Matson repurchased ~5.5M shares for ~$465M.
- Repurchases will occur in open market at company discretion; may use Rule 10b5-1 plans.
- CEO states commitment to returning excess cash to shareholders to create long-term value.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/3453/000155837022013893/0001558370-22-013893-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/3453/000155837022013893/matx-20220823x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-22-013893

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