UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
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Emerging growth company
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| Item 7.01 | Regulation FD Disclosure |
On August 16, 2019, Blucora, Inc. (the “Company”) issued a press release announcing that it had recently completed the repurchase of approximately 272,000 shares of its common stock at an average price of approximately $23.13 per share pursuant to the previously announced authorization of the Company’s board of directors to repurchase up to $100.0 million of the Company’s common stock. The repurchases were conducted in the open market through a broker pursuant to a Rule 10b-18 trading plan.
In addition, as part of the repurchase program, on August 15, 2019, the Company entered into a Rule 10b5-1 repurchase plan. Repurchases under the Rule 10b5-1 repurchase plan, if any, may begin on September 15, 2019 and may continue until December 31, 2019. Any repurchases made pursuant to the Rule 10b5-1 repurchase plan will be made in accordance with certain trading parameters set forth in the plan as well as the price, volume and timing limitations set forth under Rule 10b-18.
Under the authorization of the Company’s board of directors, stock repurchases may be made through a variety of methods, including open market or privately negotiated transactions. The timing and number of shares repurchased will depend on a variety of factors, including price, general business and market conditions, and alternative investment opportunities. The Company’s repurchase program does not obligate it to repurchase any specific number of shares and may be suspended or discontinued at any time. Any future repurchases of the Company’s common stock will be disclosed in the Company’s periodic reports with the Securities and Exchange Commission, including Annual Reports on Form 10-K and Quarterly Reports on Form 10-Q.
The information in this Current Report on Form 8-K (including Exhibit 99.1 attached hereto) is being furnished pursuant to Item 7.01 and shall not be deemed to be filed for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise be subject to the liabilities of that section, nor shall it be deemed to be incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, whether made before or after the date hereof and regardless of any general incorporation language in such filing.
| Item 9.01 | Financial Statements and Exhibits |
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Description | |||
| 99.1 |
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| 104 |
Cover Page Interactive Data File (embedded within the Inline XBRL Document) | |||
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.
Date: August 16, 2019
| BLUCORA, INC. | ||
| By: |
/s/ Ann J. Bruder | |
| Ann J. Bruder | ||
| Chief Legal Officer and Secretary | ||