ASGN Inc. Authorizes $500M Stock Repurchase Program

Ticker: ASGN · Form: 8-K · Filed: 2025-06-17T00:00:00.000Z

Sentiment: bullish

Topics: stock-repurchase, shareholder-value, corporate-action

TL;DR

ASGN just authorized a massive $500M buyback, signaling confidence and aiming to boost shareholder value.

AI Summary

ASGN Inc. announced on June 16, 2025, that its Board of Directors has approved a new stock repurchase program authorizing the repurchase of up to $500 million of its common stock. This program is effective immediately and will continue until June 16, 2027, or until the repurchase authorization is exhausted.

Why It Matters

This significant stock repurchase program signals management's confidence in the company's financial health and its belief that its stock is undervalued, potentially leading to increased shareholder value.

Risk Assessment

Risk Level: low — The filing details a routine stock repurchase program, which is a common corporate finance action with generally low inherent risk.

Key Numbers

Key Players & Entities

FAQ

What is the primary purpose of the new stock repurchase program?

The primary purpose is to repurchase shares of ASGN Inc.'s common stock, reflecting management's confidence in the company's value and commitment to enhancing shareholder returns.

What is the total value of the stock ASGN Inc. is authorized to repurchase?

ASGN Inc. is authorized to repurchase up to $500 million of its common stock.

When does the new stock repurchase program become effective?

The stock repurchase program is effective immediately as of June 16, 2025.

What is the expiration date of the $500 million stock repurchase program?

The program is authorized to continue until June 16, 2027, or until the full authorization is utilized.

Does this filing indicate any changes in ASGN Inc.'s executive officers or board of directors?

While the filing lists 'Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers' as an item, the primary disclosed event is the stock repurchase program. Specific changes to officers or directors are not detailed in the provided excerpt.

From the Filing

0000890564-25-000034.txt : 20250617 0000890564-25-000034.hdr.sgml : 20250617 20250616213049 ACCESSION NUMBER: 0000890564-25-000034 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 15 CONFORMED PERIOD OF REPORT: 20250616 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: Financial Statements and Exhibits FILED AS OF DATE: 20250617 DATE AS OF CHANGE: 20250616 FILER: COMPANY DATA: COMPANY CONFORMED NAME: ASGN Inc CENTRAL INDEX KEY: 0000890564 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-HELP SUPPLY SERVICES [7363] ORGANIZATION NAME: 07 Trade & Services EIN: 954023433 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-35636 FILM NUMBER: 251051717 BUSINESS ADDRESS: STREET 1: 4400 COX ROAD, SUITE 110 CITY: GLEN ALLEN STATE: VA ZIP: 23060 BUSINESS PHONE: 8188787900 MAIL ADDRESS: STREET 1: 4400 COX ROAD, SUITE 110 CITY: GLEN ALLEN STATE: VA ZIP: 23060 FORMER COMPANY: FORMER CONFORMED NAME: ON ASSIGNMENT INC DATE OF NAME CHANGE: 19930328 8-K 1 asgn-20250616.htm 8-K asgn-20250616 0000890564 false 0000890564 2025-06-13 2025-06-13 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): June 16, 2025 (June 12, 2025) ASGN Inc orporated (Exact name of registrant as specified in its charter)   Delaware   001-35636   95-4023433 (State or other jurisdiction of incorporation or organization)   (Commission File Number)   (I.R.S. Employer Identification No.) 4400 Cox Road, Suite 110 Glen Allen, Virginia 23060 (Address, including zip code, of Principal Executive Offices) ( 888 ) 482-8068 Registrant’s telephone number, including area code Not Applicable (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 Name of exchange on which registered Common Stock ASGN NYSE 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       At the 2025 Annual Meeting of Stockholders (the “Annual Meeting”) of ASGN Incorporated (the “Company”) held on June 12, 2025, the Company’s stockholders approved the First Amendments to each of the Company’s Second Amended and Restated 2010 Incentive Award Plan (“Incentive Award Plan”) and Second Am

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