Seaboard Corporation Announces a $100 million Share Repurchase Program
Seaboard Corporation (SEB) has announced a new $100 million share repurchase program approved by its Board of Directors. The program will run through December 31, 2027, allowing the company to repurchase shares through various means including open-market transactions, block trades, and privately negotiated purchases.
The repurchase program is flexible, with no minimum purchase requirement, and can be modified, suspended, or terminated at the company's discretion. Management will determine the timing and amount of repurchases based on factors including market price, business conditions, investment opportunities, and financial situation. Any repurchased shares will be retired and return to authorized but unissued status.
Seaboard Corporation (SEB) ha annunciato un nuovo programma di riacquisto di azioni da 100 milioni di dollari approvato dal Consiglio di Amministrazione. Il programma sarà attivo fino al 31 dicembre 2027 e permetterà all'azienda di riacquistare azioni tramite diverse modalità, tra cui transazioni sul mercato aperto, operazioni a blocchi e acquisti negoziati privatamente.
Il programma di riacquisto è flessibile, senza un requisito minimo di acquisto, e può essere modificato, sospeso o terminato a discrezione dell'azienda. La direzione deciderà tempi e quantità dei riacquisti in base a fattori quali il prezzo di mercato, le condizioni aziendali, le opportunità di investimento e la situazione finanziaria. Le azioni riacquistate saranno annullate e torneranno allo stato di azioni autorizzate ma non emesse.
Seaboard Corporation (SEB) ha anunciado un nuevo programa de recompra de acciones por 100 millones de dólares aprobado por su Junta Directiva. El programa estará vigente hasta el 31 de diciembre de 2027, permitiendo a la empresa recomprar acciones mediante diversas vías, incluyendo transacciones en el mercado abierto, operaciones en bloque y compras negociadas de forma privada.
El programa de recompra es flexible, sin un requisito mínimo de compra, y puede ser modificado, suspendido o terminado a discreción de la empresa. La dirección determinará el momento y la cantidad de las recompras basándose en factores como el precio de mercado, las condiciones del negocio, las oportunidades de inversión y la situación financiera. Las acciones recompradas serán canceladas y volverán a estar autorizadas pero no emitidas.
Seaboard Corporation (SEB)는 이사회에서 승인한 새로운 1억 달러 규모의 자사주 매입 프로그램을 발표했습니다. 이 프로그램은 2027년 12월 31일까지 진행되며, 공개 시장 거래, 블록 거래, 사적 협상 매입 등 다양한 방법으로 자사주를 매입할 수 있습니다.
자사주 매입 프로그램은 최소 매입 요건이 없으며 유연하게 운영되며, 회사의 재량에 따라 수정, 중단 또는 종료할 수 있습니다. 경영진은 시장 가격, 사업 상황, 투자 기회, 재무 상태 등 여러 요인을 고려하여 매입 시기와 규모를 결정합니다. 매입된 주식은 소각되어 승인되었으나 발행되지 않은 상태로 돌아갑니다.
Seaboard Corporation (SEB) a annoncé un nouveau programme de rachat d'actions de 100 millions de dollars approuvé par son conseil d'administration. Ce programme s'étendra jusqu'au 31 décembre 2027, permettant à l'entreprise de racheter des actions par différents moyens, y compris des transactions sur le marché ouvert, des opérations en bloc et des achats négociés en privé.
Le programme de rachat est flexible, sans exigence d'achat minimum, et peut être modifié, suspendu ou arrêté à la discrétion de l'entreprise. La direction déterminera le moment et le montant des rachats en fonction de facteurs tels que le prix du marché, les conditions commerciales, les opportunités d'investissement et la situation financière. Les actions rachetées seront annulées et redeviendront des actions autorisées mais non émises.
Seaboard Corporation (SEB) hat ein neues Aktienrückkaufprogramm im Wert von 100 Millionen US-Dollar angekündigt, das vom Vorstand genehmigt wurde. Das Programm läuft bis zum 31. Dezember 2027 und ermöglicht dem Unternehmen, Aktien auf verschiedenen Wegen zurückzukaufen, darunter offene Markttransaktionen, Blockgeschäfte und privat verhandelte Käufe.
Das Rückkaufprogramm ist flexibel, ohne Mindestkaufanforderung, und kann nach Ermessen des Unternehmens geändert, ausgesetzt oder beendet werden. Das Management wird den Zeitpunkt und die Menge der Rückkäufe basierend auf Faktoren wie Marktpreis, Geschäftsbedingungen, Investitionsmöglichkeiten und finanzieller Lage bestimmen. Rückgekaufte Aktien werden eingezogen und kehren in den Status von genehmigten, aber nicht ausgegebenen Aktien zurück.
- Authorization of substantial $100 million for share repurchases shows confidence in company's financial position
- Long program duration until December 2027 provides flexibility in timing of repurchases
- Share retirement will reduce outstanding shares, potentially increasing earnings per share
- No minimum repurchase commitment, making actual buyback amount uncertain
- Program may be modified or terminated at any time, reducing certainty for investors
Insights
Seaboard's $100M share repurchase program signals confidence in its business value and should theoretically support share price through reduced supply.
Seaboard Corporation's announcement of a
The program's size is noteworthy when considering Seaboard's market structure. The company has not committed to any specific timeline or volume of purchases, deliberately keeping options open with language noting the program "does not obligate the Company to acquire a minimum amount of Shares." This discretionary approach allows management to be opportunistic, potentially concentrating purchases during market downturns when shares might trade below intrinsic value.
Share repurchases theoretically benefit remaining shareholders in multiple ways. By reducing the number of outstanding shares, each remaining share represents a larger ownership percentage of the company. This typically enhances earnings per share metrics even without operational improvements. Additionally, repurchases can provide a price support mechanism by introducing a significant buyer into the market.
The decision to retire repurchased shares rather than holding them as treasury stock is significant, as it permanently reduces the share count rather than maintaining potential for reissuance. This structure signals a genuine long-term reduction in equity base rather than a temporary adjustment.
This authorization likely reflects management's confidence in Seaboard's financial position and potentially their view that shares represent good value. However, the extended timeframe and non-committal language preserve maximum flexibility, suggesting a measured approach to capital deployment rather than an aggressive near-term buying program.
MERRIAM, Kan., May 21, 2025 /PRNewswire/ -- Seaboard Corporation (NYSE AMERICAN: SEB) (the "Company") today announced that its Board of Directors (the "Board") approved a share repurchase program (the "Repurchase Program") authorizing the Company to repurchase up to
The Repurchase Program does not obligate the Company to acquire a minimum amount of Shares and the Repurchase Program may be modified, suspended or terminated at any time at the Company's discretion. The Company cannot predict when or if it will repurchase any Shares or the amount of any such repurchases as the repurchases will be determined by management at its discretion and will depend on a number of factors, including constraints specified in any applicable trading plans, the market price of the Shares, general business and market conditions, alternative investment opportunities, the Company's financial conditions and applicable legal requirements. Any Shares repurchased will be retired and shall resume the status of authorized and unissued shares. Information regarding share repurchases will be available in the Company's periodic reports on Form 10-Q and Form 10-K filed with the Securities and Exchange Commission (the "SEC") as required by the applicable rules of the Securities Exchange Act of 1934, as amended.
Forward-Looking Statements
This press release contains "forward-looking statements" within the meaning of the
About Seaboard Corporation
Seaboard Corporation is a diversified international agribusiness, energy and transportation company, primarily engaged in domestic pork processing, biofuel production and cargo shipping. Overseas, Seaboard is primarily engaged in commodity merchandising, flour and feed milling, produce farming, electric power generation, and sugar and alcohol production.
View original content:https://www.prnewswire.com/news-releases/seaboard-corporation-announces-a-100-million-share-repurchase-program-302462525.html
SOURCE Seaboard Corporation
FAQ
What is the size of Seaboard Corporation's (SEB) new share repurchase program?
When does SEB's share repurchase program expire?
How will Seaboard Corporation execute its share repurchase program?
What happens to the shares that Seaboard Corporation repurchases?
Is Seaboard Corporation required to spend the full $100 million on share repurchases?
