UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
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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).
Emerging growth company
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Item 8.01Other Events
On October 29, 2020, the Board of Directors of MSCI Inc. (the “Company”), authorized a stock repurchase program providing for the additional repurchase of shares of the Company's common stock with an aggregate value of up to $1.0 billion. When aggregated with the amount remaining under the previously approved share repurchase program, as of October 29, 2020, the Company is authorized to repurchase shares of its common stock with an aggregate value of up to approximately $1,804.5 million.
The timing, price and volume of repurchases will be based on market conditions, relevant securities laws and other factors. The stock repurchases may be made from time to time, through one or more open market repurchases or privately negotiated transactions, including, without limitation, accelerated share repurchase transactions, trading plans or derivative transactions, or otherwise.
Since the Company announced its first stock repurchase program in December 2012, the Company has repurchased a total of 45.2 million shares of its common stock at an average price of $85.09 per share.
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.
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MSCI Inc. |
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Date: October 29, 2020 |
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/s/ Henry A. Fernandez |
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Name: |
Henry A. Fernandez |
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Title: |
Chairman and Chief Executive Officer |