UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM
CURRENT REPORT
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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 8.01Other Events
On July 28, 2022, the Board of Directors of MSCI Inc. (the “Company”), authorized a new share repurchase program providing for the repurchase of shares of the Company’s common stock with an aggregate value of up to $1.0 billion. The new share repurchase program replaces and incorporates remaining authorization under the Company’s previous share repurchase program, which was authorized on October 29, 2020. When aggregated with the amount remaining under the previous share repurchase program, as of July 28, 2022, the Company is authorized to repurchase shares of its common stock with an aggregate value of up to approximately $1,539.1 million.
The timing, price and volume of repurchases will be based on market conditions, available capital resources, relevant securities laws and other factors. The stock repurchases may be made from time to time, through one or more open market repurchases or privately negotiated transactions, including, without limitation, accelerated share repurchase transactions, trading plans or derivative transactions, or otherwise.
Since the Company announced its first stock repurchase program in December 2012, the Company has repurchased a total of 47.9 million shares of its common stock at an average price of $106.62 per share.
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.
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MSCI Inc. |
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Date: July 28, 2022 |
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/s/ Henry A. Fernandez |
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Name: |
Henry A. Fernandez |
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Title: |
Chairman and Chief Executive Officer |