Company: CALX
Filing Date: 2025-04-21
Form Type: 8-K
Source: 0001406666-25-000014
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Company: CALIX, INC
Filing Date: 2025-04-21
Form: 8-K
Item: Item 8.01
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Item 8.01 Other Events.

The Company maintains a repurchase program for its common stock. As of March 29, 2025, the remaining authorized balance under the program was $62.9 million. On April 18, 2025, the Board amended the stock repurchase program to authorize the repurchase of up to an additional $100 million of its common stock, bringing the total authorization under the program up to $300 million.

Under the repurchase program, repurchases can be made from time to time using a variety of methods, which may include open market purchases, privately negotiated transactions or otherwise, all in accordance with the rules of the SEC and other applicable legal requirements. The specific timing, price and size of the purchases will depend on prevailing stock prices, general economic and market conditions, and other considerations consistent with the Company’s capital allocation strategy. The repurchase program does not obligate the Company to acquire a particular amount of common stock, and the repurchase program may be suspended or discontinued at any time at the Company’s discretion.

Item 9.01 Financial Statements and Exhibits.