Item 1A. RISK FACTORS
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Item 1A. RISK FACTORS
Information regarding risk factors can be found in “Management’s Discussion and Analysis of Financial Condition and Results of Operations—Information Related to Forward-Looking Statements,” in Part I—Item 2 of this Report and in Part I—Item 1A of Danaher’s 2023 Annual Report.
ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS
Issuer Purchases of Equity Securities
On July 16, 2013, the Company’s Board of Directors approved a repurchase program (the “Completed Repurchase Program”) authorizing the repurchase of up to 20 million shares of the Company’s common stock from time to time on the open market or in privately negotiated transactions. As of September 27, 2024, no shares remained available for repurchase pursuant to the Completed Repurchase Program. On July 22, 2024, the Company’s Board of Directors approved a new repurchase program (the “New Repurchase Program”) authorizing the repurchase of up to 20 million shares of the Company’s common stock from time to time on the open market or in privately negotiated transactions. There is no expiration date for the New Repurchase Program, and the timing and amount of any shares repurchased under the program will be determined by members of the Company’s management based on its evaluation of market conditions and other factors. The New Repurchase Program may be suspended or discontinued at any time. Any repurchased shares will be available for use in connection with the Company’s equity compensation plans (or any successor plans) and for other corporate purposes.
The following table presents a summary of share repurchases made during the quarter ended September 27, 2024 (all share repurchases were made under the Completed Repurchase Program):
| Period | Total Number of Shares Purchased | Average Price Paid Per Share**(a)** | Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs | Maximum Number of Shares that May Yet Be Purchased Under the Plans or Programs | ||||||||||||||||||||||
| June 29, 2024 - July 26, 2024 | 2,565,239 | $ | 249.40 | 2,565,239 | 20,000,642 | |||||||||||||||||||||
| July 27, 2024 - August 23, 2024 | — | — | — | 20,000,642 | ||||||||||||||||||||||
| August 24, 2024 - September 27, 2024 | 642 | 267.00 | 642 | 20,000,000 | ||||||||||||||||||||||
| Total | 2,565,881 | $ | 249.41 | 2,565,881 | 20,000,000 |
(a) Amounts exclude excise taxes and other transaction costs.
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