Lindsay Corp (LNN) Form 8-K Summary

Lindsay Corporation announced a significant capital allocation decision via an Item 7.01 Regulation FD disclosure:

• New Share Repurchase Program: The Board authorized a new program of up to $150.0 million.
• This follows the completion of the previous $250.0 million repurchase plan.
• Purchases will be at management’s discretion, subject to market conditions and applicable securities laws.
• Repurchases are subject to the 1% excise tax under the Inflation Reduction Act.

Management retains the right to suspend or discontinue the prog