UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
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Item 7.01 | Regulation FD Disclosure |
On May 21, 2018, the Company announced that its Board of Directors had authorized a stock repurchase program (the “Repurchase Program”) through open market purchases, block trades, privately negotiated transactions and/or derivative transactions, subject to market conditions and Micron's ongoing determination that it is the best use of available cash. On December 21, 2022, the Company disclosed the temporary suspension of the Repurchase Program as a result of the industry downturn. In light of improved conditions, on August 7, 2024, the Company determined that repurchases may resume, which will help offset dilution from employee stock purchase programs. The Company maintains its commitment to further strengthening its balance sheet and sustaining its investment grade credit rating.
SIGNATURE
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 7, 2024 |
MICRON TECHNOLOGY, INC. | |
By: | /s/ Mark Murphy | |
Name: | Mark Murphy | |
Title: | Executive Vice President and Chief Financial Officer |