UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM
CURRENT REPORT
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| Item 8.01 | Other Events. |
Increase in Share Repurchase Program
As of May 25, 2022, the Board of Directors (“Board”) of the Company approved an increase of $60 million to the Company’s stock repurchase program. The timing, price and volume of repurchases will be based on market conditions, relevant securities laws and other factors. The stock repurchases may be made from time to time, through solicited or unsolicited transactions in the open market, in privately negotiated transactions or pursuant to a Rule 10b5-1 plan. The program may be discontinued or amended at any time without notice.
Decrease in Shares Outstanding
After April 22, 2022 through May 25, 2022, the Company has repurchased 1,597,007 shares of the Company’s common stock for treasury. These repurchases have resulted in a decrease of approximately 5% of the Company’s outstanding shares of common stock after April 22, 2022. As of May 25, 2022, the Company had 32,065,701 shares of common stock outstanding.
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.
| MEDPACE HOLDINGS, INC. | ||||||
| Date: May 26, 2022 | By: | /s/ Stephen P. Ewald | ||||
| Name: | Stephen P. Ewald | |||||
| Title: | General Counsel and Corporate Secretary | |||||