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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
Pursuant to Section 13 or 15(d)
of The Securities Exchange Act of 1934
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Item 8.01. Other Events.
On September 3, 2021, the Board of Directors of Frontdoor, Inc. (the “Company”) authorized the repurchase of up to $400 million of our common stock over the three-year period from September 3, 2021 through September 3, 2024 (the “Repurchase Program”). Stock repurchases may be effected through open market repurchases at prevailing market prices, including through the use of trading plans intended to qualify under Rule 10b5-1 under the Securities Exchange Act of 1934, privately-negotiated transactions, block purchases, or a combination of these methods on such terms and in such amounts as management deems appropriate. We are not obligated to repurchase any specific number of shares, and the timing, manner, value and actual number of shares repurchased will depend on a variety of factors, including our stock price, general market and economic conditions, our liquidity requirements and other business considerations. The Company may discontinue purchases without notice at any time.
On September 7, 2021, the Company issued a press release announcing the adoption of the Repurchase Program. A copy of the press release is attached as Exhibit 99.1 and incorporated by reference herein.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits.
| Exhibit No. | Description of Exhibit | |
| 99.1 | Press Release of Frontdoor, Inc., dated September 7, 2021 | |
| 104 | The cover page from this Current Report on Form 8-K, formatted in Inline XBRL | |
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| Dated: September 7, 2021 | FRONTDOOR, INC. | |||||||
| By: | /s/ Jeffrey A. Fiarman | |||||||
| Name: | Jeffrey A. Fiarman | |||||||
| Title: | Senior Vice President, General Counsel and Secretary | |||||||
