secwatch.observer — SEC 8-K summary
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Issuer:     MediaAlpha, Inc. (MAX)
CIK:        0001818383
Form:       8-K
Filed at:   2025-09-05T23:59:59+00:00
Accession:  0001818383-25-000118
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

MediaAlpha repurchases 3.2M shares from Insignia for $32.9M at $10.17/share
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- Repurchased 3,234,894 Class A shares at $10.17/share (total ~$32.9M), a 5.5% discount to Sep 2 close.
- Shares will be canceled; Insignia no longer owns any common stock.
- Director Anthony Broglio (Insignia designee) resigned from Board upon closing; not due to disagreement.
- Transaction approved by Special Committee of independent directors; funded with cash on hand.
- CFO says buyback is accretive and reflects confidence in strategy; company has strong cash flow.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1818383/000181838325000118/0001818383-25-000118-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1818383/000181838325000118/max-20250903.htm
  HTML page:      https://secwatch.observer/filing/0001818383-25-000118

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