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Verisk Analytics, Inc. — Capital/Financing Update 2011
Apr 13, 2011
30087_rns_2011-04-13_c50ea334-034d-4cba-9860-c5f779b1c991.zip
Capital/Financing Update
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UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-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, 2011
VERISK ANALYTICS, INC.
(Exact name of registrant as specified in its charter)
| Delaware | 001-34480 | 26-2994223 |
|---|---|---|
| (State or other jurisdiction of incorporation) | (Commission File Number) | (IRS Employer Identification No.) |
| 545 Washington Boulevard, Jersey City, NJ | 07310 |
|---|---|
| (Address of principal executive offices) | (Zip Code) |
Registrants telephone number, including area code: (201) 469-2000
(Former name or former address, if changed since last report.)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
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link2 "Item 8.01 Other Events"
Item 8.01 Other Events
On April 12, 2011, Verisk Analytics, Inc. (the Registrant) announced that its Board of Directors has authorized an incremental $150 million of share repurchases under its share repurchase program. This amount is in addition to the share repurchase authorization of $150 million authorized in September 2010.
Under the program, the Registrant may repurchase shares in the open market or as otherwise may be determined by the Registrant, subject to market conditions, business opportunities, and other factors. The Registrant has no obligation to repurchase shares under the program and intends to use this authorization as a means of offsetting dilution from the issuance of shares under employee compensation and benefit plans.
This authorization has no expiration date and may be suspended or terminated at any time. Repurchased shares will be recorded as treasury stock but will be available for future reissuance.
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link1 " SIGNATURES"
SIGNATURES
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.
| /s/ Kenneth E. Thompson | |
|---|---|
| Name: | Kenneth E. Thompson |
| Title: | Executive Vice President, General Counsel and |
| Corporate Secretary |
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