Company: JBI
Filing Date: 2025-05-15
Form Type: 8-K
Source: 0001104659-25-049505
Chunk: 1

Company: Janus International Group, Inc.
Filing Date: 2025-05-15
Form: 8-K
Item: Item 8.01
Chunk 1
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Item 8.01. Other Events.

On May 15, 2025, the Board of Directors of the
Company approved an additional $75 million to the Company’s previously approved share repurchase program, bringing the total amount
authorized for future stock repurchases up to $91.3 million of its common stock. As of March 29, 2025, the Company has repurchased approximately
7.8 million shares of common stock at a total cost of $83.7 million under the share repurchase program. The Company may repurchase shares
from time to time through various methods, including in open market transactions, block trades, or otherwise, to be made pursuant to Rule
10b-18 under the Exchange Act and in compliance with applicable state and federal securities laws. The timing, as well as the number and
value of shares repurchased under the program, will be determined by the Company at its discretion and will depend on a variety of factors,
including our assessment of the intrinsic value of the Company's common stock, the market price of the Company's common stock, general
market and economic conditions, available liquidity, compliance with the Company's debt and other agreements, applicable legal requirements,
the nature of other investment opportunities available to the Company, and other considerations. The Company is not obligated to purchase
any shares under the repurchase program, and the program may be suspended, modified, or discontinued at any time without prior notice.
The Company expects to fund the repurchases by using cash on hand and expected free cash flow to be generated in the future.

As of May 2, 2025, there were 139,961,636 shares
of the Company’s common stock outstanding.

Item 9.01. Financial Statement and Exhibits.