27 unchanged sentences
Performance Measurement Comparison (1)
−Removed: The following chart compares the cumulative total stockholder return of AECOM stock (ACM) with the cumulative total return of the S&P MidCap 400, and the S&P Composite 1500 Construction & Engineering, from September 28, 2018 to September 29, 2023.
+Added: The following chart compares the cumulative total stockholder return of AECOM stock (ACM) with the cumulative total return of the S&P MidCap 400, and the S&P Mid Cap 400 Commercial & Professional Services Index, from September 27, 2019 to September 27, 2024.
We believe the S&P 400 MidCap is an appropriate independent broad market index, since it measures the performance of similar mid-sized companies in numerous sectors.
−Removed: In addition, we believe the S&P Composite 1500 Construction & Engineering index is an appropriate third party published industry index since it measures the performance of engineering and construction companies.
+Added: In addition, we believe the S&P Mid Cap 400 Commercial & Professional Services Index is an appropriate third party published industry index since it measures the performance of professional services companies.
+Added: During fiscal 2024, we determined that the S&P Mid Cap 400 Commercial & Professional Services Index is a more appropriate comparison than the prior S&P Composite 1500 Construction & Engineering Index due to the composition of the included companies given their size, comparable services, and lines of business.
(1) This section is not “soliciting material,” is not deemed “filed” with the SEC and is not incorporated by reference in any of our filings under the Securities Act or Exchange Act whether made before or after the date hereof and irrespective of any general incorporation language in any such filing.
Stock Repurchase Program
−Removed: On September 22, 2021, the Company’s Board of Directors approved an increase in the Company’s repurchase authorization of AECOM common stock to $1.0 billion.
−Removed: Stock repurchases can be made through open market purchases or other methods, including pursuant to a Rule 10b5-1 plan.
−Removed: On November 9, 2023, the Board approved another increase in the Company’s repurchase authorization back up to $1.0 billion.
−Removed: A summary of the repurchase activity for the three months ended September 30, 2023 is as follows:
+Added: The following table shows the repurchase activity for each of the three months ended September 30, 2024:
Total Number of Shares
3 unchanged sentences
Value that May Yet Be Purchased
+Added: Fiscal Period
Paid Per Share
4 unchanged sentences
September 1 – 30, 2024
+Added: On November 14, 2024, the Board approved an increase in the Company’s repurchase authorization up to an aggregate amount of $1.0 billion with no expiration date.
+Added: Stock repurchase can be made through open market purchases or other methods, including pursuant to a Rule 10b5-1 plan.
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.