CoreCivic, Inc. — Form 8-K

CoreCivic entered into an accelerated share repurchase (ASR) agreement on August 10, 2026, to repurchase $500 million of common stock from an unnamed financial institution. The company will pay $500 million in cash on August 10, 2026, and receive an initial delivery of approximately 12.4 million shares, with final settlement expected by Q2 2027. This depletes $500 million of the company's $755.8 million expanded repurchase authorization, leaving $255.8 million available. The ASR reduces projected 2026 Adjusted Net Income guidance to $157–165 million (from $161.5–169.5 million) and Adjusted Diluted EPS to $1.64–1.73 (from $1.62–1.70), primarily due to lower interest income from deploying $500 million cash and share count reduction offsetting the benefit.