MYR Group Inc. filed a Form 8-K with the SEC on October 28, 2026, disclosing third-quarter 2026 financial results and a new Board-approved share repurchase program authorizing up to $100.0 million in common stock buybacks.

Key Highlights

  • New repurchase authorization: The Board of Directors approved a program to repurchase up to $100.0 million of outstanding common stock in the aggregate.
  • Effective date: The Repurchase Program becomes effective on November 4, 2026, and expires on November 3, 2027, or when authorized funds are exhausted, whichever is earlier.
  • Repurchase methods: Purchases may occur on the open market or in privately negotiated transactions, including through Rule 10b5-1 trading plans and structured transactions.
  • Funding source: The company intends to fund repurchases with cash on hand and borrowings under its revolving credit facility.
  • Board discretion: The Board may modify or terminate the program at any time, and the company is not obligated to acquire any specific amount of common stock.
  • Quarterly results: A press release announcing financial results for the three and nine months ended September 30, 2026, was furnished as Exhibit 99.1.

MYR Group Board Authorizes $100.0 Million Buyback, Reports Q3 2026 Results

MYR Group Inc. (NASDAQ:MYRG), headquartered in Thornton, Colorado, filed a current report on October 28, 2026, disclosing two separate corporate actions. First, under Item 2.02, the company furnished a press release covering its financial results for the three and nine months ended September 30, 2026. Second, under Item 8.01, the company announced that its Board of Directors approved a new share repurchase program set to take effect on November 4, 2026.

According to the filing, the Repurchase Program authorizes the company to repurchase "in the aggregate, up to $100.0 million of its outstanding shares of common stock from time to time at management's discretion." Repurchases may be executed on the open market or through privately negotiated transactions, and may include Rule 10b5-1 trading plans, structured transactions, or other means consistent with applicable securities laws. The filing notes that "the amount and timing of repurchases are subject to a variety of factors, including market and business conditions, as well as applicable contractual and legal requirements."

The program is scheduled to expire on November 3, 2027, or upon exhaustion of the authorized funds, whichever comes first. The company disclosed that it intends to fund the program using cash on hand and borrowings under its revolving credit facility. The filing also states that the Board retains the right to modify or terminate the program at any time and that the company bears no obligation to acquire any specific amount of common stock. The financial results press release was furnished, not filed, and is therefore not incorporated by reference under Section 18 of the Securities Exchange Act of 1934, according to the filing.

What Was Disclosed

MYR Group disclosed Q3 2026 financial results via a furnished press release and announced a $100.0 million share repurchase program approved by its Board, effective November 4, 2026, and expiring no later than November 3, 2027.