KULICKE & SOFFA INDUSTRIES INC
For the period ended Dec 30, 2023. Filed Feb 1, 2024.
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Dec 30, 2023 · Filed Feb 1, 2024
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Item 5. Other Information
Director and Officer Trading Plans and Arrangements
None of the Company’s directors or officers have adopted, modified or terminated a Rule 10b5-1 trading arrangement or a non-Rule 10b5-1 trading arrangement during the Company’s fiscal quarter ended December 30, 2023, as such terms are defined under Item 408(a) of Regulation S-K.
Issuer Trading Plans and Arrangements
On November 17, 2023, the Company modified its written trading plan under Rule 10b5-1 of the Exchange Act, such plan as first entered into on May 7, 2022 to facilitate repurchases under the Program. The purpose of the modification was to revise the previously established amounts and prices under the plan by providing for the purchase of up to approximately $169 million of the Company’s common stock from November 20, 2023 through August 1, 2025.
The above trading plan of the Company is intended to satisfy the affirmative defense of Rule 10b5-1(c) under the Exchange Act.
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