Modine Manufacturing Company filed SEC Form 8-K: Other Events, Financial Statements and Exhibits
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Information to be Included in the Report
Item 8.01Other Events.
On March 6, 2025, the Board of Directors (the “Board”) of Modine Manufacturing Company (“the “Company”) authorized a new share repurchase program (the “Share Repurchase Program”) that allows the Company to repurchase up to $100 million of its common stock, par value $0.625 per share (the “common stock”). The timing and amount of repurchases will depend on a variety of factors including ongoing assessments of the capital needs of the business, share price, trading volumes and general market conditions. The Share Repurchase Program is to be conducted in accordance with Rule 10b-18 under the Securities Exchange Act of 1934, as amended (the “Exchange Act”). Shares of common stock may be repurchased from time to time on the open market, in privately negotiated transactions, or otherwise, including pursuant to one or more trading plans adopted in accordance with Rule 10b5-1(c) under the Exchange Act.
The authorization does not require the Company to purchase a specific number of shares, nor does it obligate the Company to make any repurchases at any specific time. The Share Repurchase Program is effective immediately, does not expire, and will continue until the aggregate repurchase amount that has been approved by the Board has been expended. The Share Repurchase Program may be suspended, extended, modified or discontinued by the Board at any time.
On March 7, 2025, the Company issued a press release announcing that its Board had approved the Share Repurchase Program. A copy of the press release is attached hereto as Exhibit 99.1 and is incorporated herein by reference.
Item 9.01Financial Statements and Exhibits
(d) | Exhibits |
The following exhibits are being furnished herewith:
| Press Release issued March 7, 2025. | |
104 | Cover Page Interactive Data File (formatted as Inline XBRL) |
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Signatures
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.
Modine Manufacturing Company | |||
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| By: | /s/ Neil D. Brinker |
| Neil D. Brinker | ||
| President and Chief Executive Officer | ||
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Date: March 7, 2025 |
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