CBIZ, Inc. 8-K

What Happened
CBIZ, Inc. announced on February 11, 2026 that its Board of Directors authorized a new Share Repurchase Program allowing the company to buy up to 5 million shares of its common stock. The program, which replaces the prior 2025 repurchase authorization, expires March 31, 2027. The 8-K filing was signed and dated February 17, 2026.

Key Details

• Authorized repurchase amount: up to 5,000,000 shares.
• Authorization date: February 11, 2026; Expiration date: March 31, 2027.
• Purchase methods allowed: open-market transactions (including purchases consistent with Rule 10b-18), privately negotiated transactions (including from employees, officers, directors, and certain former Marcum LLP partners), and Rule 10b5-1 trading plans.
• Funding: anticipated from operating cash flow and borrowings under the company’s credit facility; repurchases subject to credit facility restrictions.
• The program does not obligate CBIZ to repurchase any specific number of shares and may be suspended at any time.

Why It Matters
A share repurchase program gives CBIZ flexibility to reduce outstanding shares, which can increase earnings per share for remaining shareholders if executed. The authorization to use open-market, negotiated buys, and 10b5-1 plans allows the company to act across different market conditions. Investors should note purchases are discretionary, subject to funding and credit agreements, and the program simply authorizes — but does not require — any buybacks.