Bright Horizons (NYSE: BFAM) launches new $600M stock buyback program

Rhea-AI Filing Summary

Bright Horizons Family Solutions Inc. announced that its board approved a new share repurchase program authorizing buybacks of up to $600 million of its outstanding common stock. This authorization, effective March 9, 2026, replaces a prior $500 million program that had approximately $127.6 million remaining.

Shares may be repurchased at management’s discretion through open market purchases, privately negotiated transactions, Rule 10b5-1 plans, or accelerated share repurchase programs, subject to market conditions, legal requirements, and terms of the company’s senior secured credit facility. Repurchased shares will be retired, and the program has no expiration date but can be suspended, modified, or discontinued at any time.

Positive

• New $600 million repurchase authorization replaces a prior $500 million program and allows management to buy back and retire shares over time, using various transaction methods and without a fixed expiration date.

Negative

• None.

Insights

Equity Capital Allocation Analyst

Bright Horizons adopts a sizable, flexible $600M share buyback plan.

The board of Bright Horizons Family Solutions authorized repurchases of up to $600 million of common stock, replacing a prior $500 million authorization with $127.6 million remaining. Repurchases can be executed via open market trades, private deals, Rule 10b5-1 plans, or accelerated share repurchase structures, giving management multiple pathways to transact.

The program’s scale and lack of expiration date provide ongoing flexibility, but actual repurchase volume will depend on factors such as stock price, broader market and economic conditions, legal constraints, and compliance with the senior secured credit facility. Future disclosures in company filings may detail execution levels and any changes to this authorization.

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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): March 9, 2026

BRIGHT HORIZONS FAMILY SOLUTIONS INC.

(Exact name of registrant as specified in its charter)

Delaware		001-35780		80-0188269
(State or other jurisdiction of incorporation)		(Commission File Number)		(I.R.S. Employer Identification Number)

2 Wells Avenue
Newton, Massachusetts		02459
(Address of principal executive offices)		(Zip code)

Registrant’s telephone number, including area code: (617) 673-8000

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 (see General Instruction A.2. below):

☐ 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(s)		Name of each exchange on which registered
Common Stock, $0.001 par value per share		BFAM		New York Stock Exchange

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 8.01 Other Events

On March 9, 2026 (the “Authorization Date”), the Board authorized a new share repurchase program under which up to an aggregate of $600 million (exclusive of fees, commissions or other expenses) of the Company’s outstanding common stock may be repurchased. The share repurchase program, which is effective as of the Authorization Date, replaces and cancels the prior $500 million authorization announced in June 2025, of which approximately $127.6 million remained available as of the Authorization Date.

Shares may be repurchased from time to time in open market transactions at prevailing market prices, in privately negotiated transactions or by other means in accordance with federal securities law, including under Rule 10b5-1 plans or accelerated share repurchase programs. The actual timing, number and value of shares repurchased under the program will be determined by management at its discretion and will depend on a number of factors, including the market price of the Company’s stock, general market and economic conditions, applicable legal requirements, and compliance with the terms of the Company’s senior secured credit facility. Shares purchased under the program will be retired. The share repurchase program does not have an expiration date and may be suspended, modified or discontinued at any time without prior notice.

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 thereunto duly authorized.

BRIGHT HORIZONS FAMILY SOLUTIONS INC.
Date:		March 9, 2026				By:		/s/ Elizabeth Boland
								Elizabeth Boland
								Chief Financial Officer

FAQ

What did Bright Horizons (BFAM) announce regarding its share repurchase program?

Bright Horizons’ board approved a new share repurchase program authorizing up to $600 million of common stock buybacks. The authorization is effective March 9, 2026 and allows repurchases through multiple methods, with repurchased shares to be retired and no set expiration date.

How does the new Bright Horizons $600 million buyback compare to the prior authorization?

The new authorization permits up to $600 million in repurchases and replaces a prior $500 million program. Under the older authorization, approximately $127.6 million remained available as of March 9, 2026, which is now superseded by the larger, newly approved program.

What methods can Bright Horizons use to repurchase its BFAM common stock?

Bright Horizons may repurchase shares in open market transactions at prevailing prices, in privately negotiated transactions, or by other means. These include transactions under Rule 10b5-1 trading plans and accelerated share repurchase programs, all conducted in accordance with applicable federal securities laws.

Are there conditions that will influence Bright Horizons’ actual share repurchases under the program?

Yes. The timing, number, and value of shares repurchased will be determined by management and depend on factors such as the company’s stock price, general market and economic conditions, applicable legal requirements, and compliance with its senior secured credit facility terms.

Does Bright Horizons’ new share repurchase program have an expiration date or fixed term?

The share repurchase program does not have an expiration date. It is effective as of March 9, 2026 and may be suspended, modified, or discontinued at any time without prior notice, giving the company flexibility to adjust the program over time.

What happens to Bright Horizons shares repurchased under the new program?

Shares purchased under the program will be retired. Retiring shares means they are removed from circulation as outstanding common stock, which can reduce the number of shares in the market compared with the level before repurchases occurred.

Filing Exhibits & Attachments

3 documents

Other Documents

• EX-101 XBRL TAXONOMY EXTENSION SCHEMA 2.8 KB
• EX-101 XBRL TAXONOMY EXTENSION LABEL LINKBASE 16.8 KB
• EX-101 XBRL TAXONOMY EXTENSION PRESENTATION LINKBASE 10.6 KB