Item 8.01 Other Events.
On October 7, 2020, Guidewire Software, Inc. (the "Company") issued a press
release announcing that, on October 5, 2020, its Board of Directors authorized
and approved a stock repurchase program pursuant to which the Company may
purchase up to $200 million of the Company's outstanding common stock. Stock
repurchases under the program may be made from time to time, in the open market,
in privately negotiated transactions and otherwise, at the discretion of
management of the Company and in accordance with applicable federal securities
laws, including Rule 10b-18 of the Exchange Act, and other applicable legal
requirements. The timing, pricing, and sizes of these repurchases will depend on
a number of factors, including the market price of the Company's common stock
and general market and economic conditions. The stock repurchase program does
not obligate the Company to repurchase any dollar amount or number of shares,
and the program may be suspended or discontinued at any time. A copy of the
press release is being furnished as Exhibit 99.1 to this Current Report on Form
8-K.
This Current Report on Form 8-K contains "forward-looking statements" within the
meaning of the "safe harbor" provisions of the Private Securities Litigation
Reform Act of 1995, including but not limited to, statements regarding purchases
by the Company of its common stock. Forward-looking statements are subject to a
number of risks and uncertainties, many of which involve factors or
circumstances that are beyond the Company's control, including changes in price
and volume and the volatility of the Company's common stock; adverse
developments affecting prices and trading of exchange-traded securities,
including securities quoted on the New York Stock Exchange; and unexpected or
otherwise unplanned or alternative requirements with respect to the capital
investments of the Company. The Company undertakes no intention or obligation to
update or revise any forward-looking statements, whether as a result of new
information, future events or otherwise.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits.
Exhibit No. Description of Exhibits
99.1 Press Release dated October 7, 2020
Cover Page Interactive Data File (the cover page XBRL tags embedded within
104 the inline XBRL document)
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