Business Context and Reporting Period
Company: CBIZ, Inc.
Filing Type: Form 8-K (Current Report)
Date of Report: February 11, 2026
Event: Authorization of a new Share Repurchase Program by the Board of Directors.
Key Financial Metrics
This filing does not report revenue, profit, cash flow, margins, debt, or liquidity figures. The document focuses exclusively on the authorization of share repurchases.
Material Changes
- Program Authorization: The Board authorized a new Share Repurchase Program on February 11, 2026, superseding the program authorized on February 11, 2025.
- Share Limit: The Company is authorized to purchase up to 5 million shares of common stock.
- Expiration: The program expires on March 31, 2027.
- Acquisition Context: The program includes provisions for privately negotiated transactions with former partners of Marcum LLP, contingent on the Company's right to repurchase shares issued as acquisition consideration.
Guidance, Outlook, and Management Commentary
- Funding Sources: The Company anticipates funding repurchases through operating cash flow and borrowings under its credit facility.
- Flexibility: The program does not obligate the Company to acquire a specific number of shares and may be suspended at any time.
- Trading Methods: Purchases may occur via open market, privately negotiated transactions, or Rule 10b5-1 trading plans.
- Risks/Contingencies: Repurchases are subject to availability under the Company's current or future credit facility.
Investor Verification Checklist
- Verify the total number of shares repurchased under the previous program (authorized Feb 11, 2025) to assess historical buyback activity.
- Review the Company's most recent 10-K or 10-Q for current operating cash flow and credit facility availability to assess funding capacity.
- Confirm the current market price of CBZ stock to evaluate the potential capital outlay for the 5 million share authorization.
- Monitor future 8-K filings for actual repurchase activity and Rule 10b5-1 plan adoptions.