Post Holdings, Inc. (OTCMKTS:POSTU) Files An 8-K Other EventsItem 8.01.Other Events.
On May 2, 2018, the Board of Directors (the “Board”) of Post Holdings, Inc. (the “Company”) approved, effective May 7, 2018 (the “Effective Date”), a $350 million share repurchase authorization and cancelled, effective May 6, 2018, its existing $250 million share repurchase authorization approved by the Board on June 6, 2017 (the “Existing Authorization”). The Company had repurchased approximately $188 million under the Existing Authorization as of May 2, 2018. The Board previously approved a $300 million share repurchase authorization on February 2, 2016, and the Company repurchased all $300 million of shares under such authorization. The new authorization will extend for a two-year period beginning on the Effective Date. Repurchases may be made from time to time in the open market, private purchases, through forward, derivative, accelerated repurchase or automatic purchase transactions, or otherwise. The shares would be purchased with cash on hand and cash from operations. Any shares repurchased would be held as treasury stock. The authorization does not, however, obligate the Company to acquire any particular amount of shares, and repurchases may be suspended or terminated at any time at the Company’s discretion. A press release announcing the approval of the share repurchase authorization and the cancellation of the Existing Authorization is attached as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein by reference.
Item 9.01.Financial Statements and Exhibits.
(d) Exhibits
See Exhibit Index.
Post Holdings, Inc. ExhibitEX-99.1 2 ex991may2018sharerepurchas.htm EXHIBIT 99.1 Exhibit Exhibit 99.1Post Holdings Announces New Share Repurchase Authorization of $350 MillionSt. Louis,…To view the full exhibit click here