Teleflex Inc. Files 8-K Report

TL;DR

Teleflex filed an 8-K, but no juicy details yet.

AI Summary

On August 2, 2024, Teleflex Incorporated filed an 8-K report to disclose other events. The filing does not contain specific details about the nature of these events, dollar amounts, or definitive dates beyond the report date.

Why It Matters

This filing indicates that Teleflex Incorporated has made a regulatory submission to the SEC, which may contain material information about the company's operations or strategic decisions.

Risk Assessment

Risk Level: low — The filing is a standard 8-K report for 'Other Events' and does not contain specific financial or operational disclosures that would immediately indicate high risk.

Key Numbers

• 1-5353 — Commission File Number (Identifies the company's SEC filing history.)
• 23-1147939 — IRS Employer Identification No. (Company's tax identification number.)

Key Players & Entities

• TELEFLEX INC (company) — Registrant
• August 2, 2024 (date) — Date of Report
• Delaware (jurisdiction) — State of Incorporation
• 550 E. Swedesford Rd., Suite 400 Wayne, PA 19087 (address) — Principal Executive Offices
• TFX (ticker) — Trading Symbol

FAQ

Key Financial Figures

• $1 — ich registered Common Stock, par value $1 per share TFX New York Stock Exchange
• $200 million — erparty") to repurchase an aggregate of $200 million (the "Repurchase Price") of the Company
• $1.00 — f the Company's common stock, par value $1.00 per share (the "Common Stock"). The ASR
• $500 million — nder the Company's previously announced $500 million share repurchase program. Under the t

Filing Documents

• tfx-20240802.htm (8-K) — 25KB
• 0000096943-24-000134.txt ( ) — 145KB
• tfx-20240802.xsd (EX-101.SCH) — 2KB
• tfx-20240802_lab.xml (EX-101.LAB) — 21KB
• tfx-20240802_pre.xml (EX-101.PRE) — 12KB
• tfx-20240802_htm.xml (XML) — 3KB

01. Other Events

Item 8.01. Other Events. On August 2, 2024, Teleflex Incorporated (the "Company") entered into an accelerated share repurchase program (the "ASR Transaction") with Bank of America, N.A. (the "Counterparty") to repurchase an aggregate of $200 million (the "Repurchase Price") of the Company's common stock, par value $1.00 per share (the "Common Stock"). The ASR Transaction is being completed under the Company's previously announced $500 million share repurchase program. Under the terms of the ASR Transaction, on August 5, 2024, the Company paid the Repurchase Price to the Counterparty in exchange for an initial delivery of Common Stock with an aggregate value of 80% of the Repurchase Price based on the closing share price of the Common Stock on August 1, 2024. The total number of shares to be repurchased under the ASR Transaction will be based on volume-weighted average prices of the Common Stock during the term of the ASR Transaction, less a discount and subject to customary adjustments. Upon final settlement of the ASR Transaction, the Company may be entitled to receive additional shares of Common Stock from the Counterparty or, under certain circumstances, the Company may be required to deliver shares of Common Stock or make a cash payment, at its option, to the Counterparty. The ASR Transaction is scheduled to terminate in the fourth quarter of 2024, but may conclude earlier than its scheduled termination date at the election of the Counterparty. The Company funded the Repurchase Price with revolving credit borrowings under its existing senior credit facility and cash on hand. 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. Date: August 5, 2024 TELEFLEX INCORPORATED By: /s/ Matthew Howald Name: Matthew Howald Title: Vice President and Treasurer

View Full Filing

View this 8-K filing on SEC EDGAR