TD SYNNEX CORP 10-K

Item 5. Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities Our common stock, par value $0.001, is traded on the New York Stock Exchange, or NYSE, under the symbol “SNX.” As of January 17, 2024, our common stock was held by approximately 2,400 stockholders of record. Because many of the shares of our common stock are held by brokers and other institutions on behalf of stockholders, we are unable to estimate the total number of beneficial owners represented by these stockholders of record. Stock Price Performance Graph The stock price performance graph below, which assumes a $100 investment on November 30, 2018, compares our cumulative total stockholder return, the S&P Midcap 400 Index and Computer and Peripheral Equipment index for the period beginning November 30, 2018 through November 30, 2023. The Computer and Peripheral Equipment index is based on the Standard Industrial Classification Code 5045—Wholesale Computer and Computer Peripheral Equipment and Software. The closing price per share of our common stock was $98.64 on November 30, 2023. The comparisons in the table are required by the SEC and are not intended to forecast or be indicative of possible future performance of our common stock. Fiscal Years Ended 11/30/2018 11/30/2019 11/30/2020 11/30/2021 11/30/2022 11/30/2023 TD SYNNEX Corporation $ 100.00 $ 154.40 $ 202.10 $ 269.70 $ 270.08 $ 264.11 S&P Midcap 400 Index $ 100.00 $ 108.86 $ 119.42 $ 151.03 $ 146.07 $ 147.77 Computers and Peripheral Equipment $ 100.00 $ 134.71 $ 225.64 $ 244.22 $ 192.94 $ 194.11 30 Table of Contents Securities Authorized for Issuance under Equity Compensation Plans Information regarding the Securities Authorized for Issuance under Equity Compensation Plans can be found under Item 12 of this Report. Dividends We have a history of paying quarterly cash dividends. Dividends declared per share by fiscal quarter in 2023 and 2022 were as follows: Fiscal Years Ended November 30, 2023 2022 First Quarter $ 0.350 $ 0.300 Second Quarter $ 0.350 $ 0.300 Third Quarter $ 0.350 $ 0.300 Fourth Quarter $ 0.350 $ 0.300 On January 9, 2024, the Company announced a cash dividend of $0.40 per share to stockholders of record as of January 19, 2024, payable on January 26, 2024. Dividends are subject to continued capital availability and the declaration by our Board of Directors in the best interest of our stockholders. The Company currently expects that comparable cash dividends will continue to be paid in the future. Repurchases of Equity Securities In June 2020, our Board of Directors authorized a three-year $400.0 million share repurchase program, effective July 1, 2020. In January 2023, our Board of Directors authorized a new three-year $1.0 billion share repurchase program (the "new share repurchase program"), replacing the existing $400.0 million share repurchase program, pursuant to which we may repurchase our outstanding common stock from time to time in the open market or through privately negotiated transactions. The prior $400.0 million share repurchase program was terminated on January 4, 2023, when it was replaced by the new share repurchase program, which will expire on January 3, 2026. On October 10, 2023, we announced the October Offering of an aggregate of 7.8 million shares (which includes approximately 1.0 million additional shares that underwriters had the option to purchase) of which approximately 6.8 million shares were sold by certain entities managed by Apollo Global Management, Inc. and 966 thousand shares were sold by certain entities affiliated with MiTAC Holdings Corporation. All of the shares in the October Offering were sold by the Selling Stockholders. We did not receive any of the proceeds from the sale of shares by the Selling Stockholders in the October Offering. Also pursuant to the related underwriting agreement, we repurchased 2.8 million shares from the underwriters as part of the October Offering, at a repurchase price of $95.5135 per share, resulting in a purchase price of approximately $262.7 million (the "Concurrent Share Repurchase"). The Concurrent Share Repurchase was made under our existing share repurchase program, and is included within the activity for the month of October shown in the table below. The following table presents information with respect to purchases of common stock by the Company under the share repurchase program during the quarter ended November 30, 2023: Issuer Purchases of Equity Securities (amounts in thousands except per share amounts) Period Total number of shares purchased Average price paid per share (1) Total number of shares purchased as part of publicly announced plans or program Maximum dollar value of shares that may yet be purchased under the plans or program September 1 - September 30, 2023 459 $ 100.45 459 $ 692,672 October 1 - October 31, 2023 3,081 95.10 3,081 399,625 November 1 - November 30, 2023 41 92.15 41 395,875 Total 3,581 $ 95.76 3,581 _________________________ (1) Excludes excise taxes, whether accrued or paid, and excludes broker's commissions. 31 Table of Contents Item 6. [Reserved]