Company: HEI-A
Filing Date: 2025-12-22
Form Type: 10-K
Source: 0000046619-25-000082
Chunk: 124

Company: HEICO CORP
Filing Date: 2025-12-22
Form: 10-K
Item: Item 8
Chunk 124
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 Stock    The Company has two classes of common stock that are virtually identical in all economic respects except voting rights.  Each share of Common Stock is entitled to one vote per share.  Each share of Class A Common Stock is entitled to a 1/10 vote per share.  Holders of the Company’s common stock are entitled to receive dividends and other distributions payable in cash, property, stock or otherwise, when and if declared by the Board of Directors.  In the event of liquidation, after payment of debts and other liabilities of the Company, the remaining assets of the Company will be distributable ratably among the holders of both classes of common stock.Share Repurchases    In 1990, the Company's Board of Directors authorized a share repurchase program, which allows the Company to repurchase shares of Company common stock in the open market or in privately negotiated transactions at the Company's discretion, subject to certain restrictions included in the Company's revolving credit agreement.  As of October 31, 2025, the maximum number of shares that may yet be purchased under this program was 4,886,353 of either or both of the Company's Class A Common Stock and the Company's Common Stock.  The repurchase program does not have a fixed termination date.  During fiscal 2025, 2024 and 2023, the Company did not repurchase any shares of Company common stock under this program.During fiscal 2025, the Company redeemed an aggregate 53,294 shares and 23,198 shares of Common Stock and Class A Common Stock, respectively, at a total cost of $16.9 million and $5.5 million, respectively.  During fiscal 2024, the Company redeemed an aggregate 68,494 shares and 62,215 shares of Common Stock and Class A Common Stock, respectively, at a total 

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cost of $18.2 million and $11.8 million, respectively.  During fiscal 2023, the Company redeemed an aggregate 61,658 shares and 33,992 shares of Common Stock and Class A Common Stock, respectively, at a total cost of $10.4 million and $4.4 million, respectively.  The shares redeemed represent shares tendered as payments to satisfy employee withholding taxes due upon exercises of stock option awards.  The shares redeemed in fiscal 2025, 2024 and 2023 did not impact the number of shares authorized for future purchase under