Booz Allen Hamilton Approves $1B Stock Buyback
Ticker: BAH · Form: 8-K · Filed: Jul 30, 2024 · CIK: 1443646
| Field | Detail |
|---|---|
| Company | Booz Allen Hamilton Holding CORP (BAH) |
| Form Type | 8-K |
| Filed Date | Jul 30, 2024 |
| Risk Level | low |
| Pages | 2 |
| Reading Time | 2 min |
| Sentiment | bullish |
Sentiment: bullish
Topics: stock-repurchase, shareholder-return, board-approval
Related Tickers: BAH
TL;DR
BAH just authorized a $1B stock buyback, good through 2026.
AI Summary
Booz Allen Hamilton Holding Corp. announced on July 30, 2024, that its Board of Directors approved a new stock repurchase program. The company is authorized to repurchase up to $1.0 billion of its common stock through July 24, 2026.
Why It Matters
This significant stock repurchase authorization signals management's confidence in the company's financial health and its commitment to returning value to shareholders.
Risk Assessment
Risk Level: low — Stock repurchase programs are generally viewed positively by the market and indicate financial stability.
Key Numbers
- $1.0B — Stock Repurchase Authorization (Amount authorized for share buybacks)
- 2026-07-24 — Repurchase Program Expiration (End date for the stock buyback program)
Key Players & Entities
- Booz Allen Hamilton Holding Corp. (company) — Registrant
- $1.0 billion (dollar_amount) — Stock repurchase authorization amount
- July 24, 2026 (date) — Expiration date of repurchase program
- July 30, 2024 (date) — Date of report
FAQ
What is the total amount authorized for Booz Allen Hamilton's new stock repurchase program?
The company is authorized to repurchase up to $1.0 billion of its common stock.
When does the new stock repurchase program expire?
The program is authorized through July 24, 2026.
Who approved the new stock repurchase program?
The Board of Directors of Booz Allen Hamilton Holding Corp. approved the program.
What is the filing date of this 8-K report?
The report was filed on July 30, 2024.
What is the earliest event date reported in this filing?
The earliest event date reported is July 24, 2024.
Filing Stats: 566 words · 2 min read · ~2 pages · Grade level 10.6 · Accepted 2024-07-30 16:12:03
Filing Documents
- bah-20240724.htm (8-K) — 51KB
- 0001443646-24-000158.txt ( ) — 172KB
- bah-20240724.xsd (EX-101.SCH) — 2KB
- bah-20240724_lab.xml (EX-101.LAB) — 21KB
- bah-20240724_pre.xml (EX-101.PRE) — 12KB
- bah-20240724_htm.xml (XML) — 3KB
07. Submission of Matters to a Vote of Security Holders
Item 5.07. Submission of Matters to a Vote of Security Holders. The Annual Meeting was held on July 24, 2024. The final voting results for each matter submitted to a vote of stockholders are set forth below. Proposal 1: Election of Directors Nominees Votes For Votes Against Votes Abstained Broker Non-Votes Horacio D. Rozanski 99,291,807 4,612,964 991,850 8,401,918 Joan Lordi C. Amble 102,980,770 1,878,582 37,269 8,401,918 Melody C. Barnes 104,393,674 469,265 33,682 8,401,918 Michle A. Flournoy 101,049,027 3,811,173 36,421 8,401,918 Mark Gaumond 101,402,602 3,456,242 37,777 8,401,918 Ellen Jewett 104,807,225 52,345 37,051 8,401,918 Arthur E. Johnson 97,250,799 7,612,914 32,908 8,401,918 Gretchen W. McClain 103,586,216 1,274,146 36,259 8,401,918 Rory P. Read 104,811,817 47,028 37,776 8,401,918 Charles O. Rossotti 101,715,980 3,145,797 34,844 8,401,918 William M. Thornberry 104,461,522 268,431 166,668 8,401,918 Proposal 2: The ratification of the appointment of Ernst & Young LLP as the Company's independent registered public accounting firm for fiscal year 2025. For 110,417,909 Against 2,849,810 Abstained 30,820 Proposal 3: A non-binding advisory vote on the compensation program for the Company's named executive officers, as disclosed in the Compensation Discussion and Analysis section of the Proxy Statement. For 101,407,978 Against 3,294,413 Abstained 194,230 Broker Non-Votes 8,401,918
01. Financial Statements and Exhibits
Item 9.01. Financial Statements and Exhibits. (d) Exhibits Exhibit No. Description 104 Cover Page Interactive Data File (embedded within the Inline XBRL document)
SIGNATURES
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. Booz Allen Hamilton Holding Corporation BY: /s/ Jacob D. Bernstein Jacob D. Bernstein Vice President, Deputy General Counsel and Secretary Date: July 30, 2024