secwatch.observer — SEC 8-K summary
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Issuer:     Cactus, Inc. (WHD)
CIK:        0001699136
Form:       8-K
Filed at:   2023-06-08T23:59:59+00:00
Accession:  0001699136-23-000085
Event type: other_material
Sentiment:  positive
Materiality: 0.70
Item codes: 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Cactus announces $150M share repurchase program; sees Q2 results exceeding guidance
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- Board authorized repurchase of up to $150M of Class A common stock, inaugural program.
- CEO expects Q2 2023 results in both Cactus and FlexSteel segments to exceed prior guidance.
- Repurchases may use Rule 10b5-1 plans; program is discretionary and may be suspended.
- Company intends to use Rule 10b-18 safe harbor for open-market repurchases.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1699136/000169913623000085/0001699136-23-000085-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1699136/000169913623000085/whd-20230606.htm
  HTML page:      https://secwatch.observer/filing/0001699136-23-000085

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer