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AI brief of an SEC Form 8-K · TTM Technologies (TTMI)

TTM Technologies authorizes $100 million share repurchase through May 7, 2027

Neutral Impact 3 of 5 shareholder Written later

TTM Technologies' board approved a new share repurchase program of up to $100 million, replacing a two-year program that expired on May 3, 2025. The same week, director Kenton K. Alder resigned on May 8, 2025, after reaching the mandatory retirement age of 75, and shareholders elected three Class I directors at the annual meeting.

Key points

  • New buyback authorizes up to $100 million of common stock through May 7, 2027, and may be executed through open market purchases or Rule 10b5-1 plans.
  • CFO Dan Boehle said the company views repurchases as a prudent use of capital, while acquisitions remain a primary goal for free cash flow.
  • Kenton K. Alder resigned as a Class II director on May 8, 2025, due to mandatory retirement age; the filing says the resignation was not due to a disagreement.
  • At the May 8, 2025 annual meeting, 94,269,333 shares (about 92.77% of shares outstanding) were present, and all proposals passed, including election of Wajid Ali, Thomas T. Edman and Chantel E. Lenard.

The filing

CompanyTTM Technologies (TTMI)
Form8-K, current report
Filed with the SECMay 9, 2025, 8:00 AM ET
Accession number0001193125-25-116469

Items reported: 5.02 Director / Officer Change5.07 Shareholder Vote Results7.01 Regulation FD Disclosure8.01 Other Events

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 12:57 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on May 09, 2025.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.