2 unchanged sentences
As of the close of business on February 22, 2023, there were 955 holders of record of our common stock.
−Removed: Dividends - At the discretion of the Board of Directors, we pay semi-annual cash dividends.
−Removed: Board approval is required to determine the date of declaration and amount for each semi-annual dividend payment.
−Removed: Our recent dividends are as follows:
+Added: Dividends - At the discretion of the Board of Directors, we pay cash dividends.
+Added: Board approval is required to determine the date of declaration and amount for each cash dividend payment.
+Added: Our cash dividends for the three years ended December 31, 2022 are as follows:
Declaration Date Record Date Payment Date Dividend per Share
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Comparative Stock Performance Graph
−Removed: The following performance graph compares our cumulative total shareholder return, the NASDAQ Composite and a peer group of publically traded U.S.
−Removed: industrial manufacturing companies in the air conditioning, ventilation, and heating exchange equipment markets from December 31, 2016 through December 31, 2021.
−Removed: Our peer group includes Lennox International, Inc., Trane Technologies plc (formerly Ingersoll-Rand plc), Johnson Controls International plc, Carrier Global Corporation (formerly United Technologies Corporation), and Vertiv (Vertiv Holding Co.).
−Removed: The graph assumes that $100 was invested at the close of trading December 31, 2016, with reinvestment of dividends.
+Added: The following performance graph compares our cumulative total shareholder return for the Company’s common stock for the five-year period ending on December 31, 2022, compared to an overall stock market index (the NASDAQ Composite Index) and the Company’s peer group index (S&P 600 Capital Goods Industry Group Index).
+Added: We believe the S&P 600 Capital Goods Industry Group Index best represents our relative peer group based on our current business and market capitalization.
+Added: The graph assumes that $100 was invested at the close of trading December 31, 2017, with the reinvestment of dividends since that date.
This table is not intended to forecast future performance of our Common Stock.
−Removed: 1 On March 2, 2020, Trane Technologies PLC (formerly known as Ingersoll-Rand plc) spun off its industrial assets, which made up over 50% of the company’s sales.
−Removed: Thus, historical stock performance prior to the divestiture is not fully representative of the current company’s assets.
−Removed: 2 On April 3, 2020, Carrier Global Corporation was spun off from its parent company, United Technologies Corporation.
−Removed: We have included Carrier's cumulative total shareholder return from April 3, 2020 through December 31, 2021 assuming $100 was invested at the close of trading on April 3, 2020.
−Removed: 3 With its initial public offering in 2018, the first trading date for Vertiv Holdings Co.
−Removed: was July 30, 2018.
−Removed: We have included Vertiv's shareholder return from July 30, 2018 through December 31, 2021 assuming $100 was invested at the close of trading on July 30, 2018.
This stock performance graph is not deemed to be “soliciting material” or otherwise be considered to be “filed” with the SEC or subject to Regulation 14A or 14C under the Securities Exchange Act of 1934 (Exchange Act) or to the liabilities of Section 18 of the Exchange Act, and should not be deemed to be incorporated by reference into any filing under the Securities Act of 1933 or the Exchange Act, except to the extent the Company specifically incorporates it by reference into such a filing.
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.