Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On
Year.
On
The foregoing is only a summary of the principal features of the Amendments and is qualified in its entirety by reference to the text of the Company's Amended and Restated Bylaws reflecting the Amendments, which is included as Exhibit 3.1 to this Current Report on Form 8-K, and is incorporated herein by reference. Item 8.01. Other Events.
OnDecember 10, 2020 , the Board terminated all remaining repurchase authorizations under the Company's existing repurchase authorization that was approved effective as of the close of business onNovember 4, 2019 (the "prior repurchase authorization") and approved a new share repurchase authorization in the aggregate amount of$2.0 billion (the "new repurchase authorization"). As ofDecember 10, 2020 , the remaining authorization available under the prior repurchase authorization was approximately$329 million . The new repurchase authorization does not have an expiration date and does not obligate the Company to purchase any shares. Under the terms of the new repurchase authorization, the Company is authorized to make purchases from time to time in the open market or in privately negotiated transactions, including without limitation, through accelerated share repurchase transactions, derivative transactions, tender offers, Rule 10b5-1 plans or any combination of the foregoing, depending upon market conditions and other considerations. The Company remains subject to certain share repurchase limitations, including under the terms of the current senior secured credit facilities and the indentures governing the Company's senior notes. Forward-Looking Statements This Current Report on Form 8-K contains forward-looking statements within the meaning of the federal securities laws. All such statements in this report, other than statements of historical fact, are forward-looking statements. Words such as "expect," "intend," "will," "plan," "anticipate," "believe," "continue," and similar expressions are intended to identify forward-looking statements. The Company bases its forward-looking statements on information available to it on the date of this report, and undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of changed circumstances, new information, future events or otherwise, except as may otherwise be required by law. Actual results and other events could differ materially from any forward-looking statements due to numerous factors that involve substantial known and unknown risks and uncertainties. These risks and uncertainties include, among other things, the risk factors set forth in the Company's reports on Form 10-K and Form 10-Q and the other risks and uncertainties discussed in any subsequent reports that the Company files with theSecurities and Exchange Commission from time to time. --------------------------------------------------------------------------------
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits.
Exhibit Number Description 3.1 Amended and Restated Bylaws ofDaVita Inc. , adopted onDecember 10, 2020 104.0 Cover Page Interactive Data File - the cover page XBRL tags are embedded within the Inline XBRL document
--------------------------------------------------------------------------------
© Edgar Online, source