Vicor Corporation filed an 8-K with the SEC on August 27, 2026, disclosing that its Board of Directors approved a new share repurchase authorization of up to $150,000,000 of its common stock, superseding the company's previously authorized program.

Key Highlights

  • New authorization: The Board approved repurchases of up to $150,000,000 of common stock, par value $0.01 per share.
  • Supersedes prior program: The new authorization replaces and supersedes the previously authorized share repurchase program.
  • No expiration date: The repurchase program has no expiration date, according to the filing.
  • No obligation to repurchase: The program does not obligate the company to acquire any particular amount of common stock.
  • Discretionary suspension: The program may be suspended at any time at the company's discretion.
  • Rule 10b5-1 plans: The company may enter into Rule 10b5-1 plans to facilitate repurchases under this authorization.

Vicor's $150 Million Buyback Authorization: Key Terms and Mechanics

According to the 8-K filed by Vicor Corporation (NASDAQ:VICR), the company's Board of Directors approved the new share repurchase authorization on August 25, 2026. The authorization covers up to $150,000,000 of shares of the company's common stock and supersedes and replaces the previously authorized share repurchase program. The filing was signed by James F. Schmidt, Chief Financial Officer, and submitted on August 27, 2026.

The filing states that repurchases may be made from time to time through open market repurchases, subject to market conditions, applicable legal requirements, and other relevant factors. Open market repurchases may be structured to occur in accordance with the requirements of Rule 10b-18 of the Exchange Act. The company also disclosed that it may, from time to time, enter into Rule 10b5-1 plans to facilitate repurchases of its shares under this authorization.

The filing notes that "the timing and actual number of shares repurchased may depend on a variety of factors, including price, general business and market conditions, and other considerations." No specific timetable or minimum repurchase commitment was stated. The program carries no expiration date and may be suspended at any time at the company's discretion, as disclosed in the filing.

What Was Disclosed

Vicor Corporation disclosed a new Board-approved share repurchase authorization of up to $150,000,000 of its common stock, replacing the prior program. The program has no expiration date, imposes no purchase obligation, and may be suspended at any time.