Booz Allen Hamilton Approves $1B Stock Buyback

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

From the Filing

0001443646-24-000158.txt : 20240730 0001443646-24-000158.hdr.sgml : 20240730 20240730161203 ACCESSION NUMBER: 0001443646-24-000158 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 13 CONFORMED PERIOD OF REPORT: 20240724 ITEM INFORMATION: Submission of Matters to a Vote of Security Holders ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20240730 DATE AS OF CHANGE: 20240730 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Booz Allen Hamilton Holding Corp CENTRAL INDEX KEY: 0001443646 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-MANAGEMENT CONSULTING SERVICES [8742] ORGANIZATION NAME: 07 Trade & Services IRS NUMBER: 000000000 STATE OF INCORPORATION: DE FISCAL YEAR END: 0331 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-34972 FILM NUMBER: 241157500 BUSINESS ADDRESS: STREET 1: 8283 GREENSBORO DRIVE CITY: MCLEAN STATE: VA ZIP: 22102 BUSINESS PHONE: 703-902-5000 MAIL ADDRESS: STREET 1: 8283 GREENSBORO DRIVE CITY: MCLEAN STATE: VA ZIP: 22102 FORMER COMPANY: FORMER CONFORMED NAME: EXPLORER HOLDING CORP DATE OF NAME CHANGE: 20080821 8-K 1 bah-20240724.htm 8-K bah-20240724 0001443646 False 0001443646 2024-07-24 2024-07-24 UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 ___________________________________  FORM 8-K  ___________________________________     CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): July 30, 2024 ( July 24, 2024 ) ___________________________________   Booz Allen Hamilton Holding Corporation (Exact name of Registrant as specified in its charter)   ___________________________________     Delaware   001-34972   26-2634160 (State or other jurisdiction of incorporation)   (Commission File Number)   (IRS Employer Identification No.) 8283 Greensboro Drive, McLean, Virginia   22102 (Address of principal executive offices)   (Zip Code) Registrant’s telephone number, including area code: (703)   902-5000   ___________________________________   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)) Securities registered pursuant to Section 12(b) of the Act: Title of Each Class Trading Symbol Name of Each Exchange on Which Registered Class A Common Stock BAH New York Stock Exchange Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). 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.  ☐ 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 Michèle A. Flournoy 101,049,027 3,811,173 36,