UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
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| Item 8.01 | Other Events. |
Effective as of September 26, 2022, the Board of Directors of Ingredion Incorporated (the “Company”) approved termination of the Company’s existing stock repurchase program and approved a new stock repurchase program (the “new repurchase program”) authorizing the Company to purchase up to 6 million shares of its outstanding common stock during the period from September 26, 2022 through December 31, 2025. As of its termination date, the existing repurchase program had approximately 3.8 million shares of common stock remaining for repurchase. Repurchases under the new repurchase program may be made by the Company from time to time in the open market, in privately negotiated transactions, or otherwise, at prices the Company deems appropriate. The new repurchase program does not obligate the Company to repurchase any shares under the authorization, and the new repurchase program may be suspended, discontinued, or modified at any time, for any reason and without notice.
Also effective as of September 26, 2022, the Board of Directors declared a quarterly dividend of $0.71 per share on the Company’s common stock. The dividend is payable on October 25, 2022 to stockholders of record at the close of business on October 6, 2022.
SIGNATURES
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.
| Date: September 26, 2022 | Ingredion Incorporated | |||||
| By: | /s/ Tanya M. Jaeger de Foras | |||||
| Tanya M. Jaeger de Foras | ||||||
| Senior Vice President, General Counsel, Corporate Secretary and Chief Compliance Officer | ||||||