Form 8-K - Current report
17 Dezember 2024 - 11:09PM
Edgar (US Regulatory)
FALSE000170305600017030562024-12-122024-12-12
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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| FORM 8-K | |
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| CURRENT REPORT | |
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Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934 |
Date of Report (Date of earliest event reported): December 12, 2024 | | | | | | | | |
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| ADT Inc. | |
(Exact name of registrant as specified in its charter) |
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Delaware | 001-38352 | 47-4116383 |
(State or other jurisdiction of incorporation) | (Commission File Number) | (IRS Employer Identification No.) |
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| 1501 Yamato Road Boca Raton, Florida 33431 | |
| (Address of principal executive offices) | |
(561) 988-3600
(Registrant’s telephone number, including area code)
(Former name or former address, if changed since last report.)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
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Securities registered pursuant to Section 12(b) of the Act: |
Title of each class | | Trading Symbol(s) | | Name of each exchange on which registered |
Common Stock, par value $0.01 per share | | ADT | | New York Stock Exchange |
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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2). Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. o
Item 8.01 Other Information.
On December 12, 2024, ADT Inc. (the “Company”) entered into an agreement with a non-affiliate individual to repurchase 15 million shares of the Company’s common stock, par value $0.01 (the “Common Stock”), at a price per share of $6.945 for an aggregate purchase price of $104,175,000 (the “Repurchase Transaction”). As previously disclosed in January 2024, the Company’s board of directors approved a share repurchase plan (the “Share Repurchase Plan”) pursuant to which the Company is authorized to repurchase, through January 29, 2025, up to a maximum aggregate amount of $350 million of shares of Common Stock. Following settlement of the Repurchase Transaction, which is expected to occur on or around January 2, 2025, the Company will have approximately $5 million of remaining capacity under the Share Repurchase Plan.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
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Date: | December 17, 2024 | ADT Inc. |
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| | By: | /s/ Noah Allen |
| | | Noah Allen |
| | | Vice President, Deputy General Counsel and Assistant Secretary |
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