Plexus Corp. filed a Form 8-K on August 24, 2026, disclosing that its Board of Directors approved a new $100.0 million share repurchase program set to begin upon expiration of the company's existing $100.0 million repurchase program.

Key Highlights

  • New authorization: The Board approved a new program to repurchase up to $100.0 million of Plexus common stock.
  • Timing: The new program begins upon expiration of the current $100.0 million share repurchase program, which remains in effect until its expiration.
  • Remaining balance: As of August 19, 2026, the current program had a remaining balance of $9.6 million.
  • Board approval date: The Board of Directors approved the new program on August 20, 2026.
  • No fixed schedule: The company disclosed it does not have a specific schedule or commitment for repurchasing shares.

Plexus Corp. Outlines Terms of Successor Buyback Authorization

According to the filing, the Board of Directors of Plexus Corp. (NASDAQ:PLXS) approved the new share repurchase program on August 20, 2026. The authorization permits the company to repurchase up to $100.0 million of its common stock, but the program does not activate until the current $100.0 million program expires. The filing confirmed that the current program remains in effect until its expiration.

As of August 19, 2026, the company disclosed that $9.6 million remained available under the existing repurchase program. The filing noted that the company "does not have a specific schedule or commitment for the repurchase of the shares and may repurchase shares in amounts, at prices, and at such times as the Company deems appropriate, subject to market conditions, legal requirements, financing and other considerations."

The 8-K was signed by Angelo M. Ninivaggi, Executive Vice President, Chief Legal and Public Affairs Officer, on behalf of Plexus Corp., a Wisconsin-incorporated company headquartered at One Plexus Way, Neenah, Wisconsin 54956.

What Was Disclosed

Plexus Corp. disclosed a new $100.0 million share repurchase authorization approved August 20, 2026, succeeding the current program, which had $9.6 million remaining as of August 19, 2026. No fixed repurchase schedule or commitment was established.