Boyd Gaming Approves $500M Stock Repurchase Program

TL;DR

BYD just authorized a $500M buyback, effective immediately until May 2027. Bullish.

AI Summary

Boyd Gaming Corporation (BYD) announced on May 8, 2025, that its Board of Directors has approved a new stock repurchase program authorizing the repurchase of up to $500 million of the company's common stock. This program is effective immediately and will continue until May 8, 2027, or until the repurchase authorization is fully utilized.

Why It Matters

This significant stock repurchase program signals management's confidence in the company's financial health and future prospects, potentially boosting shareholder value by reducing the number of outstanding shares.

Risk Assessment

Risk Level: low — The filing is a routine announcement of a stock repurchase program, which is generally a positive indicator and does not introduce new operational or financial risks.

Key Numbers

• $500 million — Stock Repurchase Authorization (Amount authorized for buyback)
• May 8, 2027 — Repurchase Program Expiration (End date for the buyback)

Key Players & Entities

• Boyd Gaming Corporation (company) — Registrant
• BYD (company) — Ticker Symbol
• $500 million (dollar_amount) — Stock repurchase authorization
• May 8, 2025 (date) — Announcement date
• May 8, 2027 (date) — Expiration date of repurchase program

FAQ

From the Filing

0001437749-25-016116.txt : 20250512 0001437749-25-016116.hdr.sgml : 20250512 20250512160314 ACCESSION NUMBER: 0001437749-25-016116 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 15 CONFORMED PERIOD OF REPORT: 20250508 ITEM INFORMATION: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers ITEM INFORMATION: Submission of Matters to a Vote of Security Holders ITEM INFORMATION: Other Events FILED AS OF DATE: 20250512 DATE AS OF CHANGE: 20250512 FILER: COMPANY DATA: COMPANY CONFORMED NAME: BOYD GAMING CORP CENTRAL INDEX KEY: 0000906553 STANDARD INDUSTRIAL CLASSIFICATION: HOTELS & MOTELS [7011] ORGANIZATION NAME: 05 Real Estate & Construction EIN: 880242733 STATE OF INCORPORATION: NV FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-12882 FILM NUMBER: 25934633 BUSINESS ADDRESS: STREET 1: 6465 SOUTH RAINBOW BOULEVARD CITY: LAS VEGAS STATE: NV ZIP: 89118 BUSINESS PHONE: 7027927200 MAIL ADDRESS: STREET 1: 6465 SOUTH RAINBOW BOULEVARD CITY: LAS VEGAS STATE: NV ZIP: 89118 FORMER COMPANY: FORMER CONFORMED NAME: BOYD GROUP DATE OF NAME CHANGE: 19941130 8-K 1 bgc20250505_8k.htm FORM 8-K bgc20250505_8k.htm false 0000906553 0000906553 2025-05-08 2025-05-08   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): May 8, 2025       Boyd Gaming Corporation (Exact Name of Registrant as Specified in its Charter)   Nevada 001-12882 88-0242733 (State or Other Jurisdiction of Incorporation) (Commission File Number) (I.R.S. Employer Identification Number)   6465 South Rainbow Boulevard Las Vegas , Nevada 89118 (Address of Principal Executive Offices, Including Zip Code)   ( 702 ) 792-7200 (Registrant’s Telephone Number, Including Area Code)   (Former Name or Former Address, if Changed Since Last Report)   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(s) Name of each exchange on which registered Common Stock , $0.01 par value BYD 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 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.   The disclosure set forth under Proposal 1 in Item 5.