---
schema_version: "secwatch.filing_event.v1"
accession: "0001559865-24-000010"
form_type: "8-K"
ticker: "EVTC"
cik: "0001559865"
company_name: "EVERTEC, Inc."
filed_at: "2024-03-06T23:59:59+00:00"
generated_at: "2026-06-05T02:37:37.050049+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# EVERTEC boosts share buyback authorization to $220M, launches $70M ASR

## Summary
- Board increased share repurchase authorization to $220M, expiring Dec 31, 2025; prior remaining was ~$137M.
- Entered into $70M accelerated share repurchase (ASR) with Bank of America, expected settlement by Q3 2024.
- Initial delivery of ~1.5M shares on March 8, 2024; final share count based on VWAP during ASR term.
- After $70M ASR, $150M remains available under the repurchase program.

## SEC filing metadata
- accession: 0001559865-24-000010
- form_type: 8-K
- ticker: EVTC
- cik: 0001559865
- company_name: EVERTEC, Inc.
- filed_at: 2024-03-06T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 8.01, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1559865/000155986524000010/0001559865-24-000010-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1559865/000155986524000010/evtc-20240304.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001559865-24-000010
- JSON: https://secwatch.observer/filing/0001559865-24-000010.json
- Plain text: https://secwatch.observer/filing/0001559865-24-000010.txt

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