Plexus Corp Approves $100M Share Repurchase Program

What Happened
Plexus Corp (PLXS) announced on August 20, 2026 that its Board approved a new share repurchase program authorizing up to $100.0 million of common stock repurchases. The filing (on Form 8-K dated August 24, 2026) states the new program will begin upon expiration of the Company's current $100.0 million repurchase program, which remains in effect until it expires.

Key Details

• Board approval date: August 20, 2026; Form 8-K filed August 24, 2026.
• New authorization: up to $100.0 million of common stock repurchases.
• Current program status: original $100.0 million program remains in effect; $9.6 million remained available as of August 19, 2026.
• Repurchases: no set schedule or commitment — shares may be bought at amounts, prices and times the Company deems appropriate, subject to market, legal, financing and other considerations.

Why It Matters
A fresh $100.0M buyback authorization signals the Board's intent to return capital to shareholders and can support the stock by reducing share count if executed. Because the new program starts only after the current program expires and there is no guaranteed timing or amount, investors should watch future company disclosures and trading activity for actual repurchase execution.