LITTELFUSE INC DE
For the period ended Jun 29, 2024. Filed Jul 31, 2024.
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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.
Jun 29, 2024 · Filed Jul 31, 2024
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Unregistered Sales of Equity Securities and Use of Proceeds
ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS
Recent Sales of Unregistered Securities
None.
Repurchases of Common Stock
The Company’s Board of Directors authorized the repurchase of up to $300.0 million in the aggregate of shares of the Company’s common stock under a program for the period May 1, 2021 to April 30, 2024 ("2021 program"). On April 25, 2024, the Company's Board of Directors authorized a new three year program to repurchase up to $300.0 million in the aggregate of shares of the Company's stock for the period May 1, 2024 to April 30, 2027 ("2024 program") to replace the expired 2021 program. During the three and six months ended June 29, 2024, the Company repurchased 109,031 and 179,311 shares of its common stock totaling $24.7 million and $40.9 million, respectively, of which $38.9 million was pursuant to the 2021 program and $2.0 million was pursuant to the 2024 program. There is $298.0 million of an authorized amount yet purchased under the 2024 program as of June 29, 2024.
The table below presents shares of the Company’s common stock which were acquired by the Company during the six months ended June 29, 2024:
| Period | Total number of shares purchased | Average price paid per share | Total number of shares purchased as part of publicly announced plans or programs | Maximum dollar value of shares that may yet be purchased under the plans |
|---|---|---|---|---|
| 2021 Program: | ||||
| December 31 through January 27 | — | — | — | — |
| January 28 through February 24 | — | — | — | — |
| February 25 through March 30 | 70,280 | $229.53 | 70,280 | $283,867,325 |
| March 31 through April 30 | 100,131 | $226.95 | 100,131 | $261,142,586 |
| 2024 Program: | ||||
| May 1 through May 25 | 8,900 | $225.35 | 8,900 | $297,994,349 |
| May 26 through June 29 | — | — | — | — |
| Total | 179,311 | $227.88 | 8,900 | $297,994,349 |
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