Item 7.01. Regulation FD Disclosure.
On December 7, 2021, Zoetis Inc. (the Company) announced that its Board of
Directors has approved a multi-year share repurchase program (the Share
Repurchase Program), pursuant to which the Company may, from time to time,
purchase shares of its common stock for an aggregate repurchase price not to
exceed $3.5 billion. Share repurchases may be executed through various means,
including, without limitation, open market or privately negotiated transactions.
The Share Repurchase Program does not have an expiration date and does not
obligate the Company to purchase any shares. The authorization for the Share
Repurchase Program may be terminated, increased or decreased by the Company's
Board of Directors at any time. The Company's previous $2.0 billion share
repurchase program, which was approved in December 2018, is expected to be
completed in 2022. A copy of the press release is attached hereto as Exhibit
99.1 and is incorporated by reference into this Item 7.01.
On December 7, 2021, the Company also declared a dividend of $0.325 per share
for the first quarter of 2022. The dividend will be paid on March 1, 2022, to
all holders of record of the Company's common stock as of the close of business
on January 20, 2022.
The information set forth under this Item 7.01, including Exhibit 99.1, shall
not be deemed "filed" for purposes of the Securities Exchange Act of 1934, as
amended, or incorporated by reference in any filing under the Securities Act of
1933, as amended, regardless of any general incorporation language in such
filing, unless expressly incorporated by specific reference in such filing.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits
Exhibit No. Description
99.1 Press Release issued on December 7, 2021.
104 Cover Page Interactive Data File (embedded within the Inline XBRL document)
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