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Business Wire
14-07-2025
- Business
- Business Wire
Cognyte Announces Board Authorization of New $20 Million Share Repurchase Program
HERZLIYA, Israel--(BUSINESS WIRE)-- Cognyte Software Ltd. (NASDAQ: CGNT), a global leader in software-driven technology for investigative analytics, today announced that its board of directors has approved a new share repurchase program. The company completed the repurchase program previously authorized by the board and repurchased a total of 2,094,538 ordinary shares for an aggregate purchase price of $20 million. The new program announced today authorizes the buyback of up to an additional $20 million in ordinary shares over the next 18 months through January 14, 2027, as part of the Company's capital allocation strategy. The board and management remain committed to delivering value to shareholders and are confident in the Company's growth prospects and ability to generate cash. The Company may repurchase its ordinary shares from time to time through open market purchases, privately negotiated transactions or otherwise, all in accordance with U.S. securities laws and regulations, including Rule 10b-18 under the U.S. Securities Exchange Act of 1934, as amended. The Company may also, from time to time, enter into plans that are compliant with Rule 10b5-1 of the Exchange Act to facilitate repurchases of its shares under this authorization. The repurchase program does not obligate the Company to acquire any particular number of ordinary shares, and the repurchase program may be suspended or discontinued at any time at the Company's discretion. Repurchases under the repurchase program may begin after the conclusion of a 30-day period for creditors of the Company to object to the Company's intent to effect a deemed distribution by way of repurchase in accordance with the Israeli Companies Regulations (Relief for Public Companies Whose Securities are Traded on Stock Exchanges Outside of Israel), 5760-2000 and the Israeli Companies Regulations (Approval of Distribution), 5761–2001. The timing, number and value of shares to be repurchased will depend on the market price of the Company's ordinary shares, general market and economic conditions, and other factors. The Company expects to fund repurchases with cash on its balance sheet and ongoing cash flow generation. Any shares acquired will be available for general corporate purposes. About Cognyte Cognyte is a leading software-driven technology company, focused on solutions for data processing and investigative analytics that allow customers to generate Actionable Intelligence for a Safer World™. Cognyte's solutions empower law enforcement, national security, national and military intelligence agencies, and other organizations to navigate an increasingly complex threat landscape. With offerings that leverage state-of-the-art technology, including Artificial Intelligence (AI), big data analytics and advanced machine learning, Cognyte helps customers make smarter, faster decisions with their data for the best possible outcomes. Hundreds of customers rely on Cognyte's investigative analytics solutions to uncover critical insights from past events and anticipate emerging threats. By harnessing AI-driven intelligence, Cognyte accelerates investigations with exceptional speed and accuracy while enabling customers to better investigate, anticipate, predict and mitigate risks with greater precision. Learn more at Cautionary Statement Regarding Forward-Looking Statements Any statements contained in this press release that do not describe historical facts may constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Such statements are identified by use of the words 'anticipates,' 'believes,' 'estimates,' 'expects,' 'intends,' 'plans,' 'predicts,' 'projects,' 'should,' 'views,' and similar expressions. Any forward-looking statements contained herein are based on current expectations, but are subject to risks and uncertainties that could cause actual results to differ materially from those indicated, including, but not limited to the projected growth of Cognyte's business, and Cognyte's ability to achieve its financial and business plans, goals and objectives and drive shareholder value, including with respect to its ability to successfully implement its strategy, and other risk factors discussed from time to time in Cognyte's filings with the SEC, including those factors discussed under the caption 'Risk Factors' in its most recent annual report on Form 20-F, filed with the Securities and Exchange Commission ('SEC') on April 2, 2025, and in subsequent reports filed with or furnished to the SEC. Cognyte assumes no obligation and does not intend to update these forward-looking statements, except as required by law, to reflect events or circumstances occurring after today's date.
Yahoo
07-04-2025
- Business
- Yahoo
ALL INDIVIDUALS WHO PURCHASED COMPASS MINERALS INTERNATIONAL, INC., COMMON STOCK BETWEEN MARCH 2, 2017, AND OCTOBER 22, 2018
COSTA MESA, Calif., April 7, 2025 /PRNewswire/ -- The following statement is being issued by Simpluris, Inc., Fund Administrator for the United States Securities and Exchange Commission, regarding the Compass Minerals International, Inc., Fair Fund and Plan of Distribution. NOTICE OF FAIR FUND DISTRIBUTION PLANIn the Matter of Compass Minerals International, Proceeding File No. 3-21145 For more information, visit The United States Securities and Exchange Commission ("SEC") has settled administrative proceedings (the "Order") against Compass Minerals International, Inc. ("Compass"). In the Order, the Commission found that from 2017 to 2018, Compass made repeated misrepresentations about its plans to reduce costs and about the production levels at its Goderich salt mine in Canada. In addition to these violations, Compass filed materials that did not comply with Generally Accepted Accounting Principles ("GAAP") standards. The SEC found that Compass' statements violated Section 8(A) of the Securities Act, and Section 21C of the Securities Exchange Act. The SEC ordered the Respondents to pay a $12,000,000 civil money penalty to the Commission. The SEC also created a Fair Fund, pursuant to Section 308(a) of the Sarbanes-Oxley Act of 2002, so that the penalty collected can be distributed to harmed investors (the "Fair Fund"). The Fair Fund will be paid out according to the Plan of Distribution ("Plan"). A summary of the eligibility criteria and claims process is below. Full details are available at You may also request a copy of the Plan from the Fund Administrator via email at info@ or by calling 866-675-2446. Who is eligible to receive a payment from the Fair Fund? To receive a payment, you must have: purchased Compass common stock between March 2, 2017, and October 22, 2018; approved transactions that calculate to at least $10.00 of Recognized Loss under the Plan; not been an Excluded Party under the Plan; submitted a valid Claim Form. How do I submit a Claim? The easiest way to submit a claim is online at the Compass Fair Fund website: Claim Forms completed online must be submitted on or before 11:59 p.m. Eastern Standard Time on June 27, 2025. If you are unable to submit a Claim Form online, you may request a copy of the paper Claim Form from the Fund Administrator via email at info@ or by calling 866-675-2446. You may also download a copy of the Claim Form to print from: Claim Forms submitted via mail must be sent to the address provided on the Claim Form and postmarked (or if not sent by U.S. Mail, then received) by June 27, 2025. The Fund Administrator will send a Determination Notice advising each Eligible Claimant who timely submitted a Claim Form of their eligibility determination and will provide a calculation of the claimant's Recognized Loss. The Fund Administrator may consider disputes of an Eligible Claimant's Recognized Loss calculation if timely submitted in accordance with the Plan. This notice is a summary. For more information, View original content: SOURCE Simpluris Inc. Sign in to access your portfolio
