NOTE 9 — STOCK REPURCHASE PROGRAM

On November 28, 2018 we announced our plan to return $1.0 billion in capital to stockholders by May 31, 2021, through share repurchases and the retirement of our convertible note during fiscal 2019. In January 2021, our Board of Directors extended the stock repurchase program beyond its original expiration date until such time that the remaining capital has been returned to our stockholders. As of May 31, 2026, the maximum dollar amount that was available to be repurchased under this program was $114.8 million. On July 22, 2026, we announced a $700 million increase to the repurchase program. The authorization has no expiration date.

As a result, we may repurchase shares from time to time in the open market or in private transactions at various times and in amounts and for prices that our management deems appropriate, subject to insider trading rules and other securities law restrictions. The timing of our purchases will depend upon prevailing market conditions, alternative uses of capital and other factors. We may limit or terminate the repurchase program at any time. The maximum dollar amount that may yet be repurchased under our stock repurchase program was $792.4 million at August 31, 2026.