secwatch.observer — SEC 8-K summary
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Issuer:     Acushnet Holdings Corp. (GOLF)
CIK:        0001672013
Form:       8-K
Filed at:   2022-09-02T23:59:59+00:00
Accession:  0001672013-22-000051
Event type: other_material
Sentiment:  positive
Materiality: 0.55
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Acushnet increases structured repurchase from shareholder Magnus to $100M from $75M
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- Increased repurchase commitment from Magnus to $100M, up from $75M, under existing $450M authorization.
- Repurchase is share-for-share with open market buys; price equals average price of open market purchases.
- Agreement structured as Rule 10b5-1 plan; determination date by Jan 13, 2023 if $100M not reached earlier.
- Magnus held 37,104,008 shares as of agreement date; sale conditioned on no material adverse effect.
- Board authorized additional $100M on July 26, 2022, bringing total authorization to $450M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1672013/000167201322000051/0001672013-22-000051-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1672013/000167201322000051/golf-20220830.htm
  HTML page:      https://secwatch.observer/filing/0001672013-22-000051

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