FRANKLIN RESOURCES, INC. (NYSE:BEN) Files An 8-K Other EventsItem 8.01 Other Events.
On April11, 2018, the Board of Directors (the “Board of Directors”) of Franklin Resources, Inc. (the “Company”) authorized the Company to repurchase, from time to time, up to an additional 80.0million shares of its common stock in either open market or private transactions. The size and timing of these purchases will depend on price, market and business conditions and other factors. The stock repurchase program is not subject to an expiration date. The new Board of Directors authorization is in addition to the existing authorization, of which approximately 15.9million shares remained available for repurchase at March31, 2018. Shares repurchased under the stock repurchase program are retired. A copy of the press release announcing the addition to the stock repurchase program is attached as Exhibit99.1.
Item 9.01 Financial Statements and Exhibits.
The exhibit listed on the Exhibit Index is incorporated herein by reference.
FRANKLIN RESOURCES INC ExhibitEX-99.1 2 exhibit991041218.htm PRESS RELEASE Exhibit EXHIBIT 99.1 FROM:Franklin Resources,…To view the full exhibit click
About FRANKLIN RESOURCES, INC. (NYSE:BEN)
Franklin Resources, Inc. is a holding company. The Company, along with its subsidiaries, operates as Franklin Templeton Investments. It is a global investment management company that provides investment management and related services to retail, institutional and high net-worth clients in jurisdictions around the world. The Company offers its investment products and services under the Franklin, Templeton, Franklin Mutual Series, Franklin Bissett, Fiduciary Trust, Darby, Balanced Equity Management, K2 and LibertyShares brand names. Its products include investment funds and institutional, high net-worth and separately managed accounts (collectively, sponsored investment products (SIPs)). It offers various types of SIPs, such as the United States funds, cross-border funds, local/regional funds, and other managed accounts, alternative investment products and trusts. Its investment funds include the United States-registered funds, non-United States-registered funds and unregistered funds.