[8-K] Intapp, Inc. Reports Material Event
Intapp, Inc. announced that its Board of Directors authorized a common stock repurchase program of up to $150 million. The company may purchase shares from time to time through open market repurchases, privately negotiated transactions, Rule 10b5-1 trading plans, or other techniques. The repurchase program has no expiration date and does not obligate the company to repurchase any common stock. The timing and number of shares repurchased will depend on stock price, trading volume, and general business and market conditions. A press release announcing the program is furnished as Exhibit 99.1.
Intapp, Inc. ha annunciato che il proprio Consiglio di Amministrazione ha autorizzato un programma di riacquisto di azioni ordinarie fino a $150 million. La societ脿 potr脿 acquistare azioni di volta in volta tramite riacquisti sul mercato aperto, operazioni negoziate privatamente, piani di trading Rule 10b5-1 o altre modalit脿. Il programma di riacquisto non ha nessuna scadenza e non obbliga la societ脿 a riacquistare alcuna azione ordinaria. Tempistica e numero delle azioni riacquistate dipenderanno dal prezzo delle azioni, dal volume degli scambi e dalle condizioni generali di mercato e dell'attivit脿 aziendale. Un comunicato stampa che annuncia il programma 猫 fornito come Exhibit 99.1.
Intapp, Inc. anunci贸 que su Junta Directiva autoriz贸 un programa de recompra de acciones ordinarias de hasta $150 million. La compa帽铆a podr谩 adquirir acciones ocasionalmente mediante recompras en el mercado abierto, transacciones negociadas de forma privada, planes de negociaci贸n Rule 10b5-1 u otras t茅cnicas. El programa de recompra no tiene fecha de caducidad y no obliga a la compa帽铆a a recomprar ninguna acci贸n ordinaria. El momento y el n煤mero de acciones recompradas depender谩n del precio de la acci贸n, del volumen de negociaci贸n y de las condiciones generales del negocio y del mercado. Un comunicado de prensa que anuncia el programa se adjunta como Exhibit 99.1.
Intapp, Inc.鞚� 鞚挫偓須岅皜 斓滊寑 $150 million 攴滊鞚� 氤错喌欤� 鞛愳偓欤� 毵れ瀰 頂勲攴鸽灗鞚� 鞀轨澑頄堧嫟瓿� 氚滍憸頄堨姷雼堧嫟. 須岇偓電� 瓿店皽鞁滌灔 毵れ瀰, 靷爜 順戩儊 瓯半灅, Rule 10b5-1 瓯半灅 瓿勴殟 霕愲姅 旮绊儉 氚╇矔鞚� 韱淀暣 靾橃嫓搿� 欤检嫕鞚� 旆摑頃� 靾� 鞛堨姷雼堧嫟. 鞚� 鞛愳偓欤� 毵れ瀰 頂勲攴鸽灗鞚� 毵岆 旮绊暅鞚� 鞐嗢姷雼堧嫟 霕愴暅 須岇偓鞐� 鞏措枻 氤错喌欤茧弰 鞛Г鞛呿暊 鞚橂毳� 攵�瓿柬晿歆� 鞎婌姷雼堧嫟. 鞛Г鞛� 鞁滉赴鞕� 靾橂焿鞚� 欤缄皜, 瓯半灅霟� 氚� 鞚茧皹鞝侅澑 靷梾路鞁滌灔 靸來櫓鞐� 霐半澕 雼澕歆戨媹雼�. 頃措嫻 頂勲攴鸽灗鞚� 瓿奠頃橂姅 氤措弰鞛愲電� Exhibit 99.1搿� 觳秬霅橃柎 鞛堨姷雼堧嫟.
Intapp, Inc. a annonc茅 que son conseil d'administration a autoris茅 un programme de rachat d'actions ordinaires d'un montant maximal de $150 million. La soci茅t茅 pourra racheter des actions de temps 脿 autre par le biais d'achats sur le march茅 ouvert, de transactions n茅goci茅es de gr茅 脿 gr茅, de plans de n茅gociation Rule 10b5-1 ou d'autres m茅thodes. Le programme de rachat n'a pas de date d'expiration et n'oblige pas la soci茅t茅 脿 racheter des actions ordinaires. Le moment et le nombre d'actions rachet茅es d茅pendront du cours de l'action, du volume des 茅changes et des conditions g茅n茅rales de march茅 et d'activit茅. Un communiqu茅 de presse annon莽ant le programme est fourni en tant qu'Exhibit 99.1.
Intapp, Inc. gab bekannt, dass sein Vorstand ein R眉ckkaufprogramm f眉r Stammaktien in H枚he von bis zu $150 million genehmigt hat. Das Unternehmen kann Aktien von Zeit zu Zeit durch R眉ckk盲ufe am offenen Markt, privat ausgehandelte Transaktionen, Rule-10b5-1-Handelspl盲ne oder andere Verfahren erwerben. Das R眉ckkaufprogramm hat kein Ablaufdatum und verpflichtet das Unternehmen nicht, Stammaktien zur眉ckzukaufen. Zeitpunkt und Anzahl der zur眉ckgekauften Aktien h盲ngen vom Aktienkurs, vom Handelsvolumen sowie von den allgemeinen Gesch盲fts- und Marktbedingungen ab. Eine Pressemitteilung, die das Programm ank眉ndigt, ist als Exhibit 99.1 beigef眉gt.
- Board authorized repurchase program of up to $150 million
- Repurchases may be executed via open market, privately negotiated transactions, Rule 10b5-1 plans, or other techniques
- The repurchase program has no expiration date
- The program does not obligate the Company to repurchase any common stock
- The filing does not specify a share count or percentage of outstanding shares to be repurchased
- Information in Item 7.01 and Exhibit 99.1 is furnished and is not deemed "filed" under Section 18
Insights
TL;DR: Board authorized up to $150M buyback executed flexibly; program is open-ended but non鈥慴inding.
The Board's authorization of a $150 million repurchase program is a material capital allocation decision explicitly allowing purchases via open market, privately negotiated transactions, Rule 10b5-1 plans, or other techniques. The filing states the program has no expiration date, providing execution flexibility. It also explicitly notes the company is not obligated to repurchase shares and that timing and volume will depend on stock price, trading volume, and business and market conditions. Absent information on share counts or percentage of outstanding stock, the program's ultimate scale relative to capitalization cannot be determined from this filing.
TL;DR: Authorization gives the Board discretion and flexibility, but lacks commitment and percentage disclosure.
The filing documents Board-level approval of a up-to-$150 million repurchase but also clarifies the disclosure is furnished and not "filed" for Section 18 purposes. The program's open-ended nature and lack of a required repurchase create governance flexibility for management execution. The absence of a stated share count or percentage of outstanding shares means investors cannot assess the maximum dilution reduction impact from this disclosure alone. The legal note that the release is furnished, not filed, and not incorporated by reference without express incorporation is explicitly stated.
Intapp, Inc. ha annunciato che il proprio Consiglio di Amministrazione ha autorizzato un programma di riacquisto di azioni ordinarie fino a $150 million. La societ脿 potr脿 acquistare azioni di volta in volta tramite riacquisti sul mercato aperto, operazioni negoziate privatamente, piani di trading Rule 10b5-1 o altre modalit脿. Il programma di riacquisto non ha nessuna scadenza e non obbliga la societ脿 a riacquistare alcuna azione ordinaria. Tempistica e numero delle azioni riacquistate dipenderanno dal prezzo delle azioni, dal volume degli scambi e dalle condizioni generali di mercato e dell'attivit脿 aziendale. Un comunicato stampa che annuncia il programma 猫 fornito come Exhibit 99.1.
Intapp, Inc. anunci贸 que su Junta Directiva autoriz贸 un programa de recompra de acciones ordinarias de hasta $150 million. La compa帽铆a podr谩 adquirir acciones ocasionalmente mediante recompras en el mercado abierto, transacciones negociadas de forma privada, planes de negociaci贸n Rule 10b5-1 u otras t茅cnicas. El programa de recompra no tiene fecha de caducidad y no obliga a la compa帽铆a a recomprar ninguna acci贸n ordinaria. El momento y el n煤mero de acciones recompradas depender谩n del precio de la acci贸n, del volumen de negociaci贸n y de las condiciones generales del negocio y del mercado. Un comunicado de prensa que anuncia el programa se adjunta como Exhibit 99.1.
Intapp, Inc.鞚� 鞚挫偓須岅皜 斓滊寑 $150 million 攴滊鞚� 氤错喌欤� 鞛愳偓欤� 毵れ瀰 頂勲攴鸽灗鞚� 鞀轨澑頄堧嫟瓿� 氚滍憸頄堨姷雼堧嫟. 須岇偓電� 瓿店皽鞁滌灔 毵れ瀰, 靷爜 順戩儊 瓯半灅, Rule 10b5-1 瓯半灅 瓿勴殟 霕愲姅 旮绊儉 氚╇矔鞚� 韱淀暣 靾橃嫓搿� 欤检嫕鞚� 旆摑頃� 靾� 鞛堨姷雼堧嫟. 鞚� 鞛愳偓欤� 毵れ瀰 頂勲攴鸽灗鞚� 毵岆 旮绊暅鞚� 鞐嗢姷雼堧嫟 霕愴暅 須岇偓鞐� 鞏措枻 氤错喌欤茧弰 鞛Г鞛呿暊 鞚橂毳� 攵�瓿柬晿歆� 鞎婌姷雼堧嫟. 鞛Г鞛� 鞁滉赴鞕� 靾橂焿鞚� 欤缄皜, 瓯半灅霟� 氚� 鞚茧皹鞝侅澑 靷梾路鞁滌灔 靸來櫓鞐� 霐半澕 雼澕歆戨媹雼�. 頃措嫻 頂勲攴鸽灗鞚� 瓿奠頃橂姅 氤措弰鞛愲電� Exhibit 99.1搿� 觳秬霅橃柎 鞛堨姷雼堧嫟.
Intapp, Inc. a annonc茅 que son conseil d'administration a autoris茅 un programme de rachat d'actions ordinaires d'un montant maximal de $150 million. La soci茅t茅 pourra racheter des actions de temps 脿 autre par le biais d'achats sur le march茅 ouvert, de transactions n茅goci茅es de gr茅 脿 gr茅, de plans de n茅gociation Rule 10b5-1 ou d'autres m茅thodes. Le programme de rachat n'a pas de date d'expiration et n'oblige pas la soci茅t茅 脿 racheter des actions ordinaires. Le moment et le nombre d'actions rachet茅es d茅pendront du cours de l'action, du volume des 茅changes et des conditions g茅n茅rales de march茅 et d'activit茅. Un communiqu茅 de presse annon莽ant le programme est fourni en tant qu'Exhibit 99.1.
Intapp, Inc. gab bekannt, dass sein Vorstand ein R眉ckkaufprogramm f眉r Stammaktien in H枚he von bis zu $150 million genehmigt hat. Das Unternehmen kann Aktien von Zeit zu Zeit durch R眉ckk盲ufe am offenen Markt, privat ausgehandelte Transaktionen, Rule-10b5-1-Handelspl盲ne oder andere Verfahren erwerben. Das R眉ckkaufprogramm hat kein Ablaufdatum und verpflichtet das Unternehmen nicht, Stammaktien zur眉ckzukaufen. Zeitpunkt und Anzahl der zur眉ckgekauften Aktien h盲ngen vom Aktienkurs, vom Handelsvolumen sowie von den allgemeinen Gesch盲fts- und Marktbedingungen ab. Eine Pressemitteilung, die das Programm ank眉ndigt, ist als Exhibit 99.1 beigef眉gt.
FAQ
What did Intapp (INTA) announce in this 8-K?
How may Intapp execute repurchases under the program?
Does the repurchase program expire?
Is Intapp required to repurchase shares under the program?
Where can I find the press release about the buyback?
