PubMatic Files 8-K on Financial Condition and Operations

Ticker: PUBM · Form: 8-K · Filed: 2024-02-26T00:00:00.000Z

Sentiment: neutral

Topics: financial-condition, corporate-filing, operations

TL;DR

**PubMatic just filed a standard 8-K, nothing major, just a routine update on their financials and operations.**

AI Summary

PubMatic, Inc. filed an 8-K on February 26, 2024, to report on its results of operations and financial condition, as well as other events and financial statements. The filing indicates that the company, incorporated in Delaware with IRS number 205863224, is maintaining its current business operations and reporting structure. This 8-K serves as a routine update on the company's financial status and any significant events occurring on or before the report date.

Why It Matters

This filing provides a routine update on PubMatic's financial health and operational status, offering transparency to investors and the market.

Risk Assessment

Risk Level: low — This 8-K is a routine filing for reporting financial condition and other events, indicating no immediate or unusual risks.

Key Numbers

Key Players & Entities

FAQ

What is the purpose of this 8-K filing by PubMatic, Inc.?

The 8-K filing by PubMatic, Inc. on February 26, 2024, is to report on the company's results of operations and financial condition, as well as other events and financial statements, as per Item Information.

What is PubMatic, Inc.'s state of incorporation?

PubMatic, Inc. is incorporated in Delaware, as stated in the filing.

What is the Commission File Number for PubMatic, Inc.?

The Commission File Number for PubMatic, Inc. is 001-39748.

When was the earliest event reported in this 8-K?

The earliest event reported in this 8-K was on February 26, 2024, which is also the Date of Report.

What is PubMatic, Inc.'s IRS Employer Identification Number?

PubMatic, Inc.'s I.R.S. Employer Identification Number is 20-5863224.

Filing Stats: 778 words · 3 min read · ~3 pages · Grade level 10.9 · Accepted 2024-02-26 16:06:09

Key Financial Figures

Filing Documents

02. Results of Operations and Financial Condition

Item 2.02. Results of Operations and Financial Condition. On February 26, 2024, PubMatic, Inc. (the "Company") issued a press release announcing its financial results for the fiscal quarter ended and full year ended December 31, 2023. A copy of the press release is furnished as Exhibit 99.1 to this Current Report on Form 8-K. The information furnished with this Item 2.02, including Exhibit 99.1, shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference into any other filing under the Securities Act of 1933, as amended, or the Exchange Act, except as expressly set forth by specific reference in such a filing. The Company is making reference to non-GAAP financial information in the press release. A reconciliation of GAAP to non-GAAP results is provided in the attached Exhibit 99.1 press release. The Company announces material information to the public through a variety of means, including filings with the Securities and Exchange Commission, press releases, public conference calls, and the Company's investor relations website (https://investors.pubmatic.com/investor-relations) as means of disclosing material non-public information and for complying with its disclosure obligations under Regulation FD.

01. Other Events

Item 8.01. Other Events. As of February 26, 2024, approximately $8.2 million remained available under the Company's share repurchase program. On February 22, 2024, the Company's Board of Directors authorized an increase to the Company's share repurchase program of $100 million, such that up to approximately $108.2 million of Class A common stock may be repurchased by the Company under the share repurchase program following the date hereof and through December 31, 2025. Repurchases may be made from time to time through open market repurchases or through privately negotiated transactions subject to market conditions, applicable legal requirements and other relevant factors. Open market repurchases may be structured to occur in accordance with the requirements of Rule 10b-18 of the Exchange Act. The Company may also, from time to time, enter into Rule 10b5-1 plans to facilitate repurchases of its shares under this authorization. The repurchase program does not obligate the Company to acquire any particular amount of its Class A common stock, and it may be suspended at any time at the Company's discretion. The timing and actual number of shares repurchased may depend on a variety of factors, including price, general business and market conditions, and alternative investment opportunities.

01. Financial Statements and Exhibits

Item 9.01. Financial Statements and Exhibits. (d) Exhibits. Exhibit No. Description 99.1 Press Release of the Company, dated February 26, 2024. 104 Cover Page Interactive Data File (embedded within the inline XBRL document). SIGNATURE 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. PubMatic, Inc. Date: February 26, 2024 By: /s/ Steven Pantelick Steven Pantelick Chief Financial Officer

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