UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): April 12, 2018
Broadcom Inc.
(Exact name of registrant as specified in its charter)
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| Delaware | | 001-38449 | | 35-2617337 |
(State or other jurisdiction of incorporation) | | (Commission File Number) | | (IRS Employer Identification No.) |
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1320 Ridder Park Drive San Jose, California | | 95131 |
| (Address of principal executive offices) | | (Zip Code) |
Registrant’s telephone number, including area code: (408)433-8000
Check the appropriate box below if the Form8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
| ☐ | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
| ☐ | Soliciting material pursuant toRule 14a-12 under the Exchange Act (17 CFR240.14a-12) |
| ☐ | Pre-commencement communications pursuant toRule 14d-2(b) under the Exchange Act (17 CFR240.14d-2(b)) |
| ☐ | Pre-commencement communications pursuant toRule 13e-4(c) under the Exchange Act (17 CFR240.13e-4(c)) |
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) or Rule12b-2 of the Securities Exchange Act of 1934(§240.12b-2).
Emerging Growth Company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
On April 12, 2018, the Board of Directors of Broadcom Inc., a Delaware corporation (the “Company”) authorized the repurchase by the Company of up to $12.0 billion (the “Repurchase Plan”) of its common stock, par value $0.001 per share (the “Common Stock”) from time to time on or prior to November 3, 2019, the end of the Company’s fiscal year 2019. The Repurchase Plan may be effected through a variety of methods, including open market or privately negotiated purchases in compliance with Rule10b-18 under the Securities Exchange Act of 1934, as amended.
The timing and number of shares of Common Stock repurchased will depend on a variety of factors, including price, general business and market conditions and alternative investment opportunities. The Company’s capital return program does not obligate it to repurchase any specific number of shares of Common Stock or continue a dividend for any fixed period, and may be suspended or discontinued at any time.
| Item 9.01 | Financial Statements and Exhibits. |
(d) Exhibits
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.
Date: April 12, 2018
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| Broadcom Inc. |
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| By: | | /s/ Thomas H. Krause, Jr. |
| Name: | | Thomas H. Krause, Jr. |
| Title: | | Chief Financial Officer |
