[8-K] Nordson Corp Reports Material Event
Nordson Corporation reported that its Board authorized an additional $500 million share repurchase program, increasing total available authorization to approximately $793 million when combined with roughly $293 million remaining from prior approvals. The company said repurchases may occur in the open market, via privately negotiated transactions, or through Rule 10b5-1 trading plans, and that timing, amount, price and manner will be determined at management's discretion based on business, economic, market and regulatory factors. The program does not obligate Nordson to buy any specific amount and may be suspended or discontinued.
Nordson Corporation ha comunicato che il Consiglio di Amministrazione ha autorizzato un ulteriore programma di riacquisto di azioni per 500 milioni di dollari, portando l'autorizzazione complessiva disponibile a circa 793 milioni di dollari, inclusi i circa 293 milioni residui dalle approvazioni precedenti. La societ脿 ha precisato che i riacquisti potranno avvenire sul mercato aperto, tramite transazioni negoziate privatamente o tramite piani di negoziazione ai sensi della Regola 10b5-1, e che tempistica, importo, prezzo e modalit脿 saranno decisi a discrezione della direzione in funzione di fattori aziendali, economici, di mercato e normativi. Il programma non vincola Nordson all'acquisto di una quantit脿 specifica e pu貌 essere sospeso o annullato.
Nordson Corporation inform贸 que su Junta autoriz贸 un programa adicional de recompra de acciones por 500 millones de d贸lares, elevando la autorizaci贸n total disponible a aproximadamente 793 millones de d贸lares al combinarse con los cerca de 293 millones restantes de aprobaciones previas. La compa帽铆a indic贸 que las recompras podr谩n realizarse en el mercado abierto, mediante transacciones negociadas en privado o a trav茅s de planes de negociaci贸n conforme a la Regla 10b5-1, y que el momento, la cantidad, el precio y la forma se determinar谩n a discreci贸n de la direcci贸n seg煤n factores comerciales, econ贸micos, de mercado y regulatorios. El programa no obliga a Nordson a comprar una cantidad espec铆fica y puede suspenderse o cancelarse.
Nordson Corporation電� 鞚挫偓須岅皜 於旉皜搿� 5鞏� 雼煬 攴滊鞚� 鞛愳偓欤� 毵れ瀰 頂勲攴鸽灗鞚� 鞀轨澑頄堨溂氅�, 旮办〈 鞀轨澑 鞛旍暋 鞎� 2鞏�9300毵� 雼煬鞕� 頃╈硱 齑� 臧�鞖� 鞀轨澑 頃滊弰臧� 鞎� 7鞏�9300毵� 雼煬搿� 電橃柎雮嫟瓿� 氤搓碃頄堨姷雼堧嫟. 須岇偓電� 鞛愳偓欤� 毵れ瀰鞚� 瓿店皽 鞁滌灔, 靷爜 順戩儊 瓯半灅 霕愲姅 攴滌爼 10b5-1鞐� 霐半ジ 瓯半灅 瓿勴殟鞚� 韱淀暣 鞚措（鞏挫 靾� 鞛堨溂氅�, 鞁滉赴路攴滊路臧�瓴┞冯癌氩曥潃 瓴届榿歆勳潣 鞛焿鞙茧 靷梾, 瓴届牅, 鞁滌灔 氚� 攴滌牅 鞖旍澑鞚� 瓿犽牑頃� 瓴办爼霅滊嫟瓿� 氚濏様鞀惦媹雼�. 鞚� 頂勲攴鸽灗鞚� Nordson鞐� 韸轨爼 旮堨暋鞚� 毵れ瀰鞚� 鞚橂頇旐晿歆� 鞎婌溂氅� 欷戨嫧 霕愲姅 膦呺霅� 靾� 鞛堨姷雼堧嫟.
Nordson Corporation a annonc茅 que son conseil d'administration a autoris茅 un programme additionnel de rachat d'actions de 500 millions de dollars, portant l'autorisation totale disponible 脿 environ 793 millions de dollars, en incluant les quelque 293 millions restants des approbations ant茅rieures. La soci茅t茅 a pr茅cis茅 que les rachats pourraient 锚tre effectu茅s sur le march茅 ouvert, par des transactions n茅goci茅es en priv茅 ou via des plans de n茅gociation conformes 脿 la r猫gle 10b5-1, et que le calendrier, le montant, le prix et les modalit茅s seront d茅termin茅s 脿 la discr茅tion de la direction en fonction de facteurs commerciaux, 茅conomiques, de march茅 et r茅glementaires. Le programme n'oblige pas Nordson 脿 acheter un montant pr茅cis et peut 锚tre suspendu ou interrompu.
Nordson Corporation teilte mit, dass der Vorstand ein zus盲tzliches Aktienr眉ckkaufprogramm 眉ber 500 Millionen US-Dollar genehmigt hat, wodurch die insgesamt verf眉gbare Genehmigung zusammen mit den verbleibenden rund 293 Millionen aus fr眉heren Beschl眉ssen auf ungef盲hr 793 Millionen US-Dollar steigt. Das Unternehmen erkl盲rte, R眉ckk盲ufe k枚nnten am offenen Markt, durch privat verhandelte Transaktionen oder 眉ber Rule-10b5-1-Handelspl盲ne erfolgen; Zeitpunkt, Umfang, Preis und Art werden nach Ermessen des Managements unter Ber眉cksichtigung gesch盲ftlicher, wirtschaftlicher, marktbezogener und regulatorischer Faktoren festgelegt. Das Programm verpflichtet Nordson nicht zum Kauf eines bestimmten Betrags und kann ausgesetzt oder eingestellt werden.
- Additional $500 million authorization increases total share repurchase capacity to approximately $793 million
- Execution flexibility: repurchases may be made in the open market, in privately negotiated transactions, or via Rule 10b5-1 plans
- Preserves optionality for capital allocation by authorizing repurchases without committing to a specific purchase amount
- No obligation to repurchase: the program "does not obligate the Company to acquire any particular amount of common stock"
- Repurchases discretionary and may be suspended, meaning there is no guaranteed timing or scale of buybacks
Insights
TL;DR: Board added $500M to buyback capacity, boosting total authorization to ~$793M; repurchases remain discretionary.
Nordson's additional $500 million authorization materially increases available capital return capacity to investors while preserving flexibility on timing and execution. The company explicitly retains discretion over timing, price and amount, which limits predictability of near-term share reduction or EPS impact. Use of open market purchases, private transactions and 10b5-1 plans provides execution flexibility but also means repurchases will depend on market conditions and internal capital priorities.
TL;DR: Governance permits significant buybacks but includes standard non-obligation and suspension clauses.
The Board-approved authorization follows common governance practice by setting a ceiling rather than a commitment. Including Rule 10b5-1 plans and private transactions gives management execution tools while the non-binding nature and suspension language protect the company from legal and regulatory constraints. Shareholders should note this is an authorization, not a mandate, and repurchase execution will be subject to the company鈥檚 discretion and external conditions.
Nordson Corporation ha comunicato che il Consiglio di Amministrazione ha autorizzato un ulteriore programma di riacquisto di azioni per 500 milioni di dollari, portando l'autorizzazione complessiva disponibile a circa 793 milioni di dollari, inclusi i circa 293 milioni residui dalle approvazioni precedenti. La societ脿 ha precisato che i riacquisti potranno avvenire sul mercato aperto, tramite transazioni negoziate privatamente o tramite piani di negoziazione ai sensi della Regola 10b5-1, e che tempistica, importo, prezzo e modalit脿 saranno decisi a discrezione della direzione in funzione di fattori aziendali, economici, di mercato e normativi. Il programma non vincola Nordson all'acquisto di una quantit脿 specifica e pu貌 essere sospeso o annullato.
Nordson Corporation inform贸 que su Junta autoriz贸 un programa adicional de recompra de acciones por 500 millones de d贸lares, elevando la autorizaci贸n total disponible a aproximadamente 793 millones de d贸lares al combinarse con los cerca de 293 millones restantes de aprobaciones previas. La compa帽铆a indic贸 que las recompras podr谩n realizarse en el mercado abierto, mediante transacciones negociadas en privado o a trav茅s de planes de negociaci贸n conforme a la Regla 10b5-1, y que el momento, la cantidad, el precio y la forma se determinar谩n a discreci贸n de la direcci贸n seg煤n factores comerciales, econ贸micos, de mercado y regulatorios. El programa no obliga a Nordson a comprar una cantidad espec铆fica y puede suspenderse o cancelarse.
Nordson Corporation電� 鞚挫偓須岅皜 於旉皜搿� 5鞏� 雼煬 攴滊鞚� 鞛愳偓欤� 毵れ瀰 頂勲攴鸽灗鞚� 鞀轨澑頄堨溂氅�, 旮办〈 鞀轨澑 鞛旍暋 鞎� 2鞏�9300毵� 雼煬鞕� 頃╈硱 齑� 臧�鞖� 鞀轨澑 頃滊弰臧� 鞎� 7鞏�9300毵� 雼煬搿� 電橃柎雮嫟瓿� 氤搓碃頄堨姷雼堧嫟. 須岇偓電� 鞛愳偓欤� 毵れ瀰鞚� 瓿店皽 鞁滌灔, 靷爜 順戩儊 瓯半灅 霕愲姅 攴滌爼 10b5-1鞐� 霐半ジ 瓯半灅 瓿勴殟鞚� 韱淀暣 鞚措（鞏挫 靾� 鞛堨溂氅�, 鞁滉赴路攴滊路臧�瓴┞冯癌氩曥潃 瓴届榿歆勳潣 鞛焿鞙茧 靷梾, 瓴届牅, 鞁滌灔 氚� 攴滌牅 鞖旍澑鞚� 瓿犽牑頃� 瓴办爼霅滊嫟瓿� 氚濏様鞀惦媹雼�. 鞚� 頂勲攴鸽灗鞚� Nordson鞐� 韸轨爼 旮堨暋鞚� 毵れ瀰鞚� 鞚橂頇旐晿歆� 鞎婌溂氅� 欷戨嫧 霕愲姅 膦呺霅� 靾� 鞛堨姷雼堧嫟.
Nordson Corporation a annonc茅 que son conseil d'administration a autoris茅 un programme additionnel de rachat d'actions de 500 millions de dollars, portant l'autorisation totale disponible 脿 environ 793 millions de dollars, en incluant les quelque 293 millions restants des approbations ant茅rieures. La soci茅t茅 a pr茅cis茅 que les rachats pourraient 锚tre effectu茅s sur le march茅 ouvert, par des transactions n茅goci茅es en priv茅 ou via des plans de n茅gociation conformes 脿 la r猫gle 10b5-1, et que le calendrier, le montant, le prix et les modalit茅s seront d茅termin茅s 脿 la discr茅tion de la direction en fonction de facteurs commerciaux, 茅conomiques, de march茅 et r茅glementaires. Le programme n'oblige pas Nordson 脿 acheter un montant pr茅cis et peut 锚tre suspendu ou interrompu.
Nordson Corporation teilte mit, dass der Vorstand ein zus盲tzliches Aktienr眉ckkaufprogramm 眉ber 500 Millionen US-Dollar genehmigt hat, wodurch die insgesamt verf眉gbare Genehmigung zusammen mit den verbleibenden rund 293 Millionen aus fr眉heren Beschl眉ssen auf ungef盲hr 793 Millionen US-Dollar steigt. Das Unternehmen erkl盲rte, R眉ckk盲ufe k枚nnten am offenen Markt, durch privat verhandelte Transaktionen oder 眉ber Rule-10b5-1-Handelspl盲ne erfolgen; Zeitpunkt, Umfang, Preis und Art werden nach Ermessen des Managements unter Ber眉cksichtigung gesch盲ftlicher, wirtschaftlicher, marktbezogener und regulatorischer Faktoren festgelegt. Das Programm verpflichtet Nordson nicht zum Kauf eines bestimmten Betrags und kann ausgesetzt oder eingestellt werden.
FAQ
What did Nordson (NDSN) announce in this 8-K?
How will Nordson execute the repurchase program?
Is Nordson required to buy a specific amount of shares under the program?
Will Nordson definitely repurchase shares immediately?
What factors did Nordson cite that could affect repurchases?
