COHU INC
For the period ended Mar 29, 2025. Filed May 2, 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.
Mar 29, 2025 · Filed May 2, 2025
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Unregistered Sales of Equity Securities and Use of Proceeds
Recent Sales of Unregistered Securities
There were no unregistered sales of equity securities during the period covered by this report.
Issuer Purchases of Equity Securities
On October 28, 2021, we announced that our Board of Directors authorized a $70 million share repurchase program. This share repurchase program was effective as of November 2, 2021, and has no expiration date. On October 25, 2022, our Board of Directors authorized an additional $70 million under the share repurchase program. The timing of share repurchases and the number of shares of common stock to be repurchased will depend upon prevailing market conditions and other factors. Repurchases under this program will be made using our existing cash resources and may be commenced or suspended from time to time at our discretion without prior notice. Repurchases may be made in the open market, through 10b5-1 programs, or in privately negotiated transactions at prevailing market rates in accordance with federal securities laws. All such repurchased shares and related costs are held as treasury stock and accounted for at trade date using the cost method. During the three months ended March 29, 2025, we repurchased 432,288 shares of our common stock for $8.6 million to be held as treasury stock. During the three months ended March 30, 2024, we repurchased 333,504 shares of our common stock for $10.7 million to be held as treasury stock. As of March 29, 2025, $22.8 million remained available for us to repurchase shares of our common stock under our share repurchase program.
Share repurchase activity during the first quarter of fiscal 2025 was as follows:
| Total Number of · Maximum $ | |||||||
|---|---|---|---|---|---|---|---|
| Total · Weighted · Shares Purchased · Value of Shares | |||||||
| Number of · Average · Total · as Part of Publicly · That May Yet Be | |||||||
| Shares · Price Paid · Purchase · Announced · Purchased Under | |||||||
| Purchased · Per Share(1) · Cost(2) · Programs(3) · The Programs(3) | |||||||
| (In thousands except price per share amounts) | |||||||
| Dec 29 - Jan 25, 2025 | 432 | $19.84 | $8,586 | 432 | $22,777 | ||
| Jan 26 - Feb 22, 2025 | - | $ | - | $ | - | - | $22,777 |
| Feb 23 - Mar 29, 2025 | - | $ | - | $ | - | - | $22,777 |
| 432 | $19.84 | $8,586 | 432 | ||||
| (1) | The weighted average price paid per share of common stock does not include the cost of commissions. |
| (2) | The total purchase cost includes the cost of commissions. |
| (3) | On October 28, 2021, we announced that our Board of Directors authorized a $70 million share repurchase program. This share repurchase program is effective as of November 2, 2021, and has no expiration date. On October 25, 2022, our Board of Directors authorized an additional $70 million under the share repurchase program. The timing of share repurchases and the number of shares of common stock to be repurchased will depend upon prevailing market conditions and other factors. Repurchases under this program will be made using our existing cash resources and may be commenced or suspended from time to time at our discretion without prior notice. Repurchases may be made in the open market, through 10b5-1 programs, or in privately negotiated transactions at prevailing market rates in accordance with federal securities laws. All such repurchased shares and related costs are held as treasury stock and accounted for at trade date using the cost method. |
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