Company: CRUS
Filing Date: 2025-02-04
Form Type: 10-Q
Source: 0000772406-25-000007
Chunk: 22

Company: CIRRUS LOGIC, INC.
Filing Date: 2025-02-04
Form: 10-Q
Item: Item 4
Chunk 22
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, design and software development solutions and tools, and data center processing.  While we own and manage some of these information technology systems directly, we also rely on third-party information technology systems in the operation of our business.  Our operations could be harmed and our costs could increase if any of these systems are disrupted for any reason, including information technology system failures or cyber-attacks; natural disasters; power or water shortages; political, social or economic instability including military, terrorist, or other catastrophic events; labor disruptions; insolvency of third-parties on which we rely; or other operational issues or system failures. We have experienced outages in the past and could be subjected to periods in which our systems and solutions or the third-party systems on which we rely are negatively impacted, degraded or unavailable, potentially for extended periods of time. If this were to occur, we could be subject to data loss or corruption, inability to accurately process or record transactions, reputational harm, litigation, indemnity obligations and other liabilities, and our business, revenues, profitability and financial condition could be negatively impacted.

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ITEM 2.  UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS

The following table provides information about purchases of equity securities that are registered by us pursuant to Section 12 of the Exchange Act during the three months ended December 28, 2024 (in thousands, except per share amounts):

Monthly PeriodTotal Number of Shares PurchasedAverage Price Paid Per ShareTotal Number of Shares Purchased as Part of Publicly Announced Plans or ProgramsApproximate Dollar Value of Shares That May Yet Be Purchased Under the Plans or Programs (1)September 29, 2024 - October 26, 2024— $— — $224,147 October 27, 2024 - November 23, 2024610 $102.58 610 $161,604 November 24, 2024 - December 28, 202469 $108.53 69 $154,110 Total679 $103.18 679 $154,110 

(1) As of December 28, 2024, the Company has one active share repurchase authorization, the $500 million in share repurchases authorized by the Board of Directors in July 2022.  Share repurchases are to be funded from existing cash and intended to be effected from time to time in accordance with applicable securities laws through the open market,