KULICKE & SOFFA INDUSTRIES INC
For the period ended Dec 28, 2024. Filed Feb 6, 2025.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Dec 28, 2024 · Filed Feb 6, 2025
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Item 1A. RISK FACTORS
Certain Risks Related to Our Business
There have been no material changes from the risk factors discussed in Part I, Item 1A, “Risk Factors”, of our 2024 Annual Report.
Purchases of Equity Securities by the Issuer and Affiliated Purchasers
The following table summarizes the repurchases of common stock during the three months ended December 28, 2024 (in millions, except number of shares, which are reflected in thousands, and per share amounts):
| Period · Total Number of Shares Purchased · Average Price Paid Per Share · Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs · Approximate Dollar Value of Shares That May Yet Be Purchased Under the Plans or Programs(1) | |||||
|---|---|---|---|---|---|
| September 29, 2024 to October 26, 2024 | 313 | $44.52 | 313 | $16,309 | |
| October 27, 2024 to November 30, 2024 | 344 | $47.33 | 344 | $— | |
| December 1, 2024 to December 28, 2024 | 136 | $48.89 | 136 | $293,372 | |
| For the three months ended December 28, 2024 | 793 | 793 | |||
(1)On August 15, 2017, the Company’s Board of Directors authorized the Prior Program, as amended from time to time. Additionally, and as previously announced on November 13, 2024, the Board of Directors authorized the New Program, with the intention that the New Program initiate upon the completion of the Prior Program. Contemporaneously, on December 2, 2024, the Company entered into a new written trading plan under Rule 10b5-1 of the Exchange Act, to facilitate repurchases under the New Program. The plan permits the purchase of up to approximately $300 million of the Company’s common stock from December 2, 2024 through December 2, 2029. The New Program may be suspended or discontinued at any time and is funded using the Company’s available cash, cash equivalents and short-term investments. Under the New Program, shares may be repurchased through open market and/or privately negotiated transactions at prices deemed appropriate by management. The timing and amount of repurchase transactions under the New Program depend on market conditions as well as corporate and regulatory considerations.
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