1 unchanged sentence
The Company had 350 common shareholders of record at March 28, 2023.
−Removed: The Company's common stock trades on the NASDAQ Global Market under the trading symbol SYNL.
+Added: The Company's common stock trades on the NASDAQ Global Market under the trading symbol ACNT.
The Company's credit agreement restricts the payment of dividends indirectly through a minimum fixed charge coverage covenant.
2 unchanged sentences
The Company is a smaller reporting company as defined in Rule 12b-2 of the Exchange Act and is not required to provide this information.
−Removed: Unregistered Sales of Equity Securities
−Removed: Pursuant to the compensation arrangement with directors discussed under Item 12 "Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters" in this Form 10-K, on May 20, 2021, the Company issued an aggregate of 22,026 shares of restricted stock to non-employee directors in lieu of $214,000 of their annual cash retainer fees.
−Removed: These shares vest quarterly over a one year period.
−Removed: On May 25, 2021, the Company also issued an aggregate of 20,000 additional shares of restricted stock to the Company's new Chairman of the Board due to the increased responsibilities of the role.
−Removed: Issuance of these shares was not registered under the Securities Act of 1933 based on the exemption provided by Section 4(a)(2) thereof because no public offering was involved.
−Removed: The Company also issued 180,658 shares of common stock in 2021 to management and key employees that vested pursuant to the 2015 Stock Awards Plans.
−Removed: Issuance of these shares was not registered under the Securities Act of 1933 based on the exemption provided by Section 4(a)(2) thereof because no public offering was involved.
Issuer Purchases of Equity Securities
−Removed: Neither the Company, nor any affiliated purchaser (as defined in Rule 10b-18(a)(3) of the 1934 Act) on behalf of the Company repurchased any of the Company's securities during the fiscal quarter ended December 31, 2021.
+Added: The following table sets forth information with respect to purchase of the Company's common stock made during the fourth quarter of 2022:
+Added: Period Total Number of Shares Purchased Average Price Paid per Share Total Number of Shares Purchased as Part of Publicly Announced Programs 1
+Added: Number of Shares that May Yet Be Purchased under the Program 1
+Added: October 1, 2022 - October 31, 2022 — $ — — 760,183
+Added: November 1, 2022 - November 30, 2022 34,403 11.00 34,403 725,780
+Added: December 1, 2022 - December 31, 2022 45,801 10.30 45,801 679,979
+Added: As of December 31, 2022 80,204 $ 10.60 80,204 679,979
+Added: 1 On December 20, 2022, the Company announced that is Board of Directors re-authorized the Company's share repurchase program that was set to expire on February 17, 2023.
+Added: As re-authorized, the share repurchase program now extends to February 17, 2025.
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.