Item 8.01 Other Events
On March 3, 2022, Cognex Corporation (the "Company") announced that its Board of
Directors authorized the repurchase of an additional $500,000,000 of the
Company's common stock through open market purchases, privately negotiated
transactions or otherwise in compliance with applicable securities laws. The
Board also reauthorized the Company to establish Rule 10b5-1 trading plans. Rule
10b5-1 trading plans allow companies to repurchase shares at times when they
might otherwise be prevented from doing so by securities laws or because of
self-imposed trading blackout periods. The Company may repurchase shares
pursuant to its repurchase program depending upon a variety of factors,
including, among other things, the impact of dilution from equity-based awards,
stock price, share availability, and cash requirements.
A copy of the release is attached as Exhibit 99.1 to this Current Report on Form
8-K and is incorporated herein by reference.
Item 9.01 Financial Statements and Exhibits
(d) Exhibits
Exhibit No. Description
99.1 News release, dated March 3, 2022, by Cognex Corporation (filed
herewith)
104 Cover Page Interactive Data File (the cover page XBRL tags are embedded
within the Inline XBRL document)
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