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Section 1: 8-K (8-K)

8-K

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

 

 

FORM 8-K

 

 

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the

Securities Exchange Act of 1934

Date of report (Date of earliest event reported): May 29, 2019

 

 

INTERDIGITAL, INC.

(Exact name of Registrant as Specified in Charter)

 

 

 

Pennsylvania   1-33579   82-4936666
(State or Other Jurisdiction   (Commission   (I.R.S. Employer
of Incorporation)   File Number)   Identification No.)

200 Bellevue Parkway, Suite 300

Wilmington, Delaware

  19809-3727
(Address of Principal Executive Offices)   (Zip Code)

Registrant’s telephone number, including area code: (302) 281-3600

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:

 

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

 

Title of each class

  

Trading Symbol(s)

  

Name of each exchange on which registered

Common stock, par value $0.01 per share    IDCC    NASDAQ Stock Market LLC

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).

Emerging growth company  ☐

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.  ☐

 

 

 


Item 8.01.

Other Events.

On May 29, 2019, InterDigital, Inc. issued a press release announcing a $100 million increase to its existing stock repurchase program. A copy of the press release is filed with this report as Exhibit 99.1, and is incorporated herein by reference.

 

Item 9.01.

Financial Statements and Exhibits.

(d) Exhibits.

 

Exhibit
No.

  

Description

99.1   

InterDigital, Inc. press release dated May 29, 2019.


SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

    INTERDIGITAL, INC.
DATED: May 29, 2019     By:  

/s/ Jannie K. Lau

        Name:    Jannie K. Lau
        Title:    Chief Legal Officer, General Counsel and Corporate Secretary
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Section 2: EX-99.1 (EX-99.1)

EX-99.1

Exhibit 99.1

 

News Release    LOGO

 

INTERDIGITAL ANNOUNCES $100 MILLION INCREASE TO SHARE BUYBACK AUTHORIZATION

WILMINGTON, DEL. – May 29, 2019 –– InterDigital, Inc. (NASDAQ:IDCC), a mobile technology research and development company, today announced that the company’s Board of Directors has authorized a $100 million increase to the company’s existing stock repurchase program. The Board authorized a $300 million stock repurchase program in June 2014, which was increased to $400 million in June 2015, to $500 million in September 2017, and then to $600 million in December 2018. The latest increase brings the total authorization to $700 million.

About InterDigital®

InterDigital develops mobile technologies that are at the core of devices, networks, and services worldwide. We solve many of the industry’s most critical and complex technical challenges, inventing solutions for more efficient broadband networks and a richer multimedia experience years ahead of market deployment. InterDigital has licenses and strategic relationships with many of the world’s leading wireless companies. Founded in 1972, InterDigital is listed on NASDAQ and is included in the S&P MidCap 400® index.

InterDigital is a registered trademark of InterDigital, Inc.

For more information, visit: www.interdigital.com.

###

 

InterDigital Contact:

Patrick Van de Wille

Email: [email protected]

+1 (858) 210-4814

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