Cerner Corporation (NASDAQ:CERN) Files An 8-K Other Events

Cerner Corporation (NASDAQ:CERN) Files An 8-K Other Events
Item 9.01 Other Events.

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On May 21, 2018, Cerner announced that its Board of Directors approved an amendment to the stock repurchase program that was authorized by its Board on May 23, 2017 (the "2017 Repurchase Program"). Under the amendment, Cerner may repurchase shares of Cerner's common stock in the open market, by block purchase, in privately-negotiated transactions or through other transactions managed by broker-dealers, or any combination thereof, at an aggregate purchase price of up to an additional $500 million. This increase authorizes repurchases under the 2017 Repurchase Program of up to $1 billion in the aggregate. The timing and amount of any share repurchases will be determined by Cerner's management based on market conditions and other factors. No time limit was set for completion of the program. As of May 18, 2018, there is approximately $639 million available for repurchase under the 2017 Repurchase Program, as amended. A press release announcing the repurchase program was issued and is attached hereto as Exhibit 99.1.

Item 9.01 Financial Statements and Exhibits.

d) Exhibits


CERNER CORP /MO/ Exhibit
EX-99.1 2 a991pressreleasedatedmay21.htm EXHIBIT 99.1 Exhibit Exhibit 99.1CERNER ANNOUNCES AMENDMENT TO SHARE REPURCHASE PROGRAMKANSAS CITY,…
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About Cerner Corporation (NASDAQ:CERN)

Cerner Corporation is a supplier of healthcare information technology (HCIT). The Company offers a range of intelligent solutions and services that support the clinical, financial and operational needs of organizations. Its segments include Domestic and Global. The Domestic segment includes the business activity in the United States. The Global segment includes the business activity in Aruba, Australia, Austria, Belgium, Brazil, Canada, Cayman Islands, Chile, Denmark, Egypt, England, Finland, France, Germany, Guam, India, Ireland, Luxembourg, Malaysia, Mexico, Netherlands, Norway, Portugal, Qatar, Romania, Saudi Arabia, Singapore, Slovakia, Spain, Sweden, Switzerland and the United Arab Emirates. It offers software, hardware, professional and managed services. Its solutions are offered on the unified Cerner Millennium architecture and on the HealtheIntent cloud-based platform. Its solutions include Cerner ITWorks, Cerner RevWorks, PowerWorks and CommunityWorks, among others.

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