Company: BHE
Filing Date: 2025-02-24
Form Type: 10-K
Source: 0000950170-25-025644
Chunk: 58

Company: BENCHMARK ELECTRONICS INC
Filing Date: 2025-02-24
Form: 10-K
Item: Item 1B
Chunk 58
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 paying quarterly dividends. However, the Company’s future dividend policy is subject to its compliance with applicable law, and depending on, among other things, our results of operations, financial condition, level of indebtedness, capital requirements, contractual restrictions, restrictions in our debt agreements, and other factors that the Board of Directors may deem relevant. Dividend payments are not mandatory or guaranteed; there can be no assurance that we will continue to pay a dividend in the future.

Issuer Purchases of Equity Securities

The following table provides information about the Company’s repurchase activity during the quarter ended December 31, 2024 related to its equity securities that are registered pursuant to Section 12 of the Exchange Act:

    (d)

    (c)

    Maximum

    Total

    Number (or

    Number of

    Approximate

    Shares (or Units)

    Dollar Value) of

    (a)

    Purchased as

    Shares (or Units)

    Total

    (b)

    Part of Publicly

    that May Yet Be

    Number of

    Average Price

    Announced

    Purchased Under

    Shares (or Units)

    Paid per Share

    Plans or

    the Plans or

    (amounts in millions, except per share data)
     
    Purchased

    (or Unit)

    Programs

    Programs (1)

    October 1 to 31, 2024

    —

    $
    —

    —

    $
    149.5

    November 1 to 30, 2024

    —

    —

    —

    149.5

    December 1 to 31, 2024

    —

    —

    —

    149.5

    Total

    —

    —

    —

    149.5

(1) 	On February 19, 2020, the Board of Directors approved a share repurchase authorization granting the Company authority to repurchase up to $150 million in common stock. Share purchases may be made in the open market, in privately negotiated transactions or block transactions at the discretion of the Company’s management and as market conditions warrant. Purchases will be funded from available cash and may be commenced, suspended or discontinued at any time without prior notice. Shares repurchased under the program are retired.

During 2024, the Company repurchased a total of 0.1 million shares for an aggregate of $5.1 million at an average price of $40.27 per share