InMode Ltd. Authorizes Share Repurchase Program
Ticker: INMD · Form: 6-K · Filed: Sep 10, 2024 · CIK: 1742692
Sentiment: neutral
Topics: share-repurchase, board-authorization
TL;DR
InMode is buying back its own stock, signaling confidence.
AI Summary
On September 10, 2024, InMode Ltd. announced its Board of Directors authorized a share repurchase program for its outstanding ordinary shares. The filing does not specify the dollar amount or number of shares to be repurchased, nor a specific end date for the program.
Why It Matters
This signals management's confidence in the company's valuation and a potential return of capital to shareholders.
Risk Assessment
Risk Level: low — The filing is a routine announcement of a share repurchase authorization, with no immediate negative financial implications.
Key Players & Entities
- InMode Ltd. (company) — Company making the announcement
- Board of Directors (company) — Authorized the share repurchase
- September 10, 2024 (date) — Date of the announcement
FAQ
What is the total value or number of shares authorized for repurchase?
The filing states the Board authorized the repurchase of outstanding ordinary shares but does not specify a dollar amount or number of shares.
When does the share repurchase program begin and end?
The filing does not provide specific start or end dates for the repurchase program.
What is the primary business of InMode Ltd.?
InMode Ltd. is involved in the electromedical and electrotherapeutic apparatus industry, as indicated by its SIC code 3845.
Under which SEC form is this report filed?
This report is filed under Form 6-K, which is a report of a foreign private issuer pursuant to Rule 13a-16 or 15d-16 of the Securities Exchange Act of 1934.
Does InMode Ltd. file annual reports under Form 20-F?
Yes, InMode Ltd. indicates it files annual reports under Form 20-F.
Filing Stats: 304 words · 1 min read · ~1 pages · Grade level 11.7 · Accepted 2024-09-10 07:00:12
Filing Documents
- zk2432014.htm (6-K) — 9KB
- exhibit_99-1.htm (EX-99.1) — 8KB
- image0.jpg (GRAPHIC) — 24KB
- image00001.jpg (GRAPHIC) — 155KB
- 0001178913-24-003030.txt ( ) — 265KB
From the Filing
SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13In a-16 OR 15d-16 OF THE SECURITIES EXCHANGE ACT OF 1934 For the month of September 2024 INMODE LTD. (Exact name of registrant as specified in its charter) Tavor Building, Sha'ar Yokneam P.O. Box 533 Yokneam 2069206 Israel (Address of Principal Executive Offices) Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F: Form 20-F Form 40-F Indicate by check mark whether the registrant by furnishing the information contained in this form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934: Yes No On September 10, 2024, InMode Ltd. (the " Company ") announced that Company's Board of Directors (the " Board ") authorized the repurchase of the Company's outstanding ordinary shares, par value NIS 0.01 per ordinary share in accordance with the terms of Rule 10b-18 promulgated under the Securities Exchange Act of 1934, as amended, from time to time in the open market, in quantities, at such prices, in such manner and on such terms and conditions as determined to be in the best interests of the Company, as disclosed in the press release. The Board also authorized the engagement of one or more financial institutions as repurchase agents to implement the Repurchase Plan. A copy of the press release is attached hereto as Exhibit 99.1 and is incorporated herein by reference. 99.1 Press Release dated September 10, 2024 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, thereunto duly authorized. InMode Ltd. By: /s/ Moshe Mizrahy Moshe Mizrahy Chief Executive Officer September 10, 2024