Short answer
CoreCivic, Inc. (CXW) filed an 8-K current report with the SEC on August 10, 2026 reporting Item 7.01 (Regulation FD Disclosure), Item 8.01 (Other Events), Item EX-99.1 (Exhibit EX-99.1). CoreCivic announced an ASR agreement, signaling planned share repurchases and potential reduction in shares outstanding.
CoreCivic, Inc. 8-K event analysis
AI summary of each reported item and its exhibits
Item 7.01 · Regulation FD Disclosure
- CoreCivic announced an ASR agreement, signaling planned share repurchases and potential reduction in shares outstanding
- Full-year 2026 guidance updated, making revised forecasts the key near-term valuation and earnings catalyst
- Exhibit 99.1 contains the detailed buyback terms and updated financial outlook for investor review
Item 8.01 · Other Events
- $500 million ASR accelerates capital return, funded August 10, 2026, under expanded $755.8 million authorization
- Initial delivery of approximately 12.4 million shares, reducing shares outstanding and potentially boosting per-share metrics
- Approximately $255.8 million repurchase authorization remains after ASR completion
- Final share count depends on average daily volume-weighted price, discount, and contractual adjustments
- Settlement scheduled before end of second quarter 2027, with potential additional shares, share delivery, or cash payment
Item EX-99.1 · Exhibit EX-99.1
- $500 million ASR funded with cash, initially receiving approximately 12.4 million shares
- Approximately $255.8 million repurchase authorization remains after the ASR
- Final settlement before second quarter 2027, with potential additional shares, share delivery, or cash payment
- 2026 diluted EPS guidance raised to $15.62–$15.82 from $15.00–$15.20 on fewer shares
- Adjusted EBITDA guidance reduced to $434.5–$439.5 million from $440.5–$445.5 million after cash deployment reduces interest income
Generated from the filing text and exhibits; verify against the original. What 8-K item codes mean
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