Dover Corporation

11/10/2025 | Press release | Distributed by Public on 11/10/2025 16:24

Material Event (Form 8-K)

Item 8.01

Other Events

On November 10, 2025, Dover Corporation (the "Company") established an accelerated share repurchase program (the "ASR") with JPMorgan Chase Bank, National Association to repurchase $500 million of its common stock, par value $1.00 per share ("Common Stock"). The Company is conducting the accelerated share repurchase under a repurchase authorization for an aggregate of 20,000,000 shares approved by its board of directors in August 2023. Approximately 2,334,010 shares of Common Stock repurchased under the ASR will be received by the Company on November 12, 2025, representing a substantial majority of the shares expected to be retired over the course of the ASR. The Company intends to fund the accelerated share repurchases with cash on hand.

The final number of shares of Common Stock to be repurchased under the ASR will be based on the average of the daily volume weighted average price of Common Stock during the term of the ASR, less a discount and subject to potential adjustments pursuant to the terms of the ASR. Under the terms of the ASR, the final settlement is expected to be completed in the second quarter of 2026, but the ASR may be terminated early in certain circumstances.

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