CDW Corp 8-K

What Happened
CDW Corporation announced on May 13, 2026 that its Board of Directors authorized a $1.0 billion increase to the company's existing share repurchase program. The company issued a press release (filed as Exhibit 99.1) and the 8-K was signed by CFO Albert J. Miralles. The increase is effective immediately and is incremental to approximately $484 million that remained available under the prior repurchase authorization as of March 31, 2026.

Key Details

• Board authorized a $1.0 billion increase to the share repurchase program (May 13, 2026).
• Approximately $484 million was unused under the prior program as of March 31, 2026; the $1.0 billion is incremental to that amount.
• Repurchases may occur in the open market or through privately negotiated or other transactions; timing and amounts depend on market conditions, price, regulatory requirements, and capital availability.
• The program does not obligate the company to repurchase any specific dollar amount or number of shares and may be modified, suspended, or discontinued without notice.

Why It Matters
The authorization gives CDW additional capacity to buy back shares, which can be a tool for returning capital to shareholders and managing outstanding share count. Because the program is discretionary and non‑binding, actual repurchases will depend on future market conditions and the company’s capital needs. Investors should watch future disclosures for any announced repurchase activity and the company’s use of available cash and capital resources.