Acushnet enters agreement to repurchase up to $37.5M of stock from Magnus Holdings under 10b5-1 plan

Acushnet Holdings Corp.

Agreement with Magnus Holdings (33.1M shares held) to repurchase up to $37.5M of common stock on a share-for-share basis with open market purchases.
Repurchase price equals the average price paid for public shares during the pricing period; final closing by July 10, 2024 if not earlier.
Total share repurchase authorization is $1.0B, including $300M added by the Board on February 15, 2024.
Transactions structured under Rule 10b5-1; special committee of independent directors approved the deal.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.93

Acushnet Holdings Corp. entered into a equity purchase with Magnus Holdings Co., Ltd. valued at $37.5 million (effective 2024-03-14).

Action: entry
Agreement: equity purchase
Counterparty: Magnus Holdings Co., Ltd.
Value: $37.5 million
Effective: 2024-03-14

Exact text from the filing

On March 14, 2024, in connection with its existing $1.0 billion share repurchase authorization, Acushnet Holdings Corp. (the “Company”) entered into an agreement with Magnus Holdings Co., Ltd. (“Magnus”) pursuant to which the Company will purchase up to an aggregate of $37.5 million of shares of its common stock from Magnus on a share-for-share basis as the Company repurchases shares in the open market or privately negotiated transactions.

View on SEC.gov

565 material agreements filed in the last 30 days. Browse all material agreements →

Acushnet Holdings Corp. filing history →

Source: SEC EDGAR

accession 0001672013-24-000010

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.