FORUM MARKETS Inc 8-K

What Happened
Forum Markets, Incorporated announced on June 29, 2026 that its Board of Directors approved an amendment to the company’s existing share repurchase program. The program, which had been set to expire June 30, 2026, was extended through June 30, 2027; the Board also reduced the aggregate repurchase authorization from $250 million to $100 million and expressly authorized repurchases via derivative transactions in addition to other repurchase methods. As of June 29, 2026, the company had 13,210,145 shares of common stock outstanding.

Key Details

• Amendment approved by the Board on June 29, 2026; extension effective through June 30, 2027.
• Aggregate repurchase authorization reduced from $250,000,000 to $100,000,000.
• Repurchases may be effected through derivative transactions as well as other methods.
• Shares outstanding: 13,210,145 as of June 29, 2026 (the $100M authorization roughly equals ~$7.57 per outstanding share if used to buy all shares).

Why It Matters
A share repurchase program gives the company flexibility to buy back shares, which can reduce outstanding share count and potentially support earnings per share and market price. However, the Board cut the overall authorization by 60% (from $250M to $100M) and retains full discretion on timing, amount and method of repurchases based on factors like stock price, trading volume and capital needs. There is no assurance the company will repurchase any shares; the program may be extended, suspended, or ended at the Board’s discretion. The filing also includes the usual forward‑looking statement language and references the company’s 2025 Form 10‑K and 2026 Form 10‑Q for additional risk factors.