UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported):
(Exact name of registrant as specified in its charter)
(State or other jurisdiction |
(Commission |
(IRS Employer |
|
|
(
(Registrant’s telephone number, including area code)
N/A
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
Securities registered pursuant to Section 12(b) of the Act:
(Title of each class) |
|
(Trading symbol) |
|
(Name of each exchange on which registered) |
|
|
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).
☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.
1
Item 8.01 Other Events.
On June 6, 2024, Verra Mobility Corporation (the “Company”) entered into a share repurchase agreement (the “Share Repurchase Agreement”) with a stockholder (the “Selling Stockholder”), pursuant to which the Company repurchased, directly from the Selling Stockholder, 2.0 million shares of the Company’s Class A Common Stock, par value $0.0001 per share (the “Class A Common Stock”), for an aggregate purchase price of $51.5 million (such repurchase, the “Share Repurchase”). Following the Share Repurchase, approximately $48.5 million remained available under the Company’s previously authorized $100 million share repurchase program. The Company funded the Share Repurchase with cash on hand.
2
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Dated: June 7, 2024 |
Verra Mobility Corporation |
|
|
|
|
|
By: |
/s/ Craig Conti |
|
Name: |
Craig Conti |
|
Title: |
Chief Financial Officer |
3