4 unchanged sentences
On March 13, 2023, there were 62 owners of record of our common stock.
−Removed: The majority of the outstanding shares of our common stock are held by a nominee holder on behalf of an indeterminable number of ultimate beneficial owners.
+Added: The foregoing does not include the number of shareholders whose shares are nominally held by banks, brokerage houses or other institutions, but includes each such institution as one record holder.
Dividend Policy
−Removed: On April 23, 2013, we announced that our board of directors approved the adoption of a cash dividend policy that called for the payment of an expected total annual cash dividend of $0.50 per share to holders of our common stock, payable in the amount of $0.125 per share per quarter.
−Removed: On February 23, 2016, our board of directors terminated the company’s dividend policy due to a number of factors, including our financial performance, our available cash resources, our cash requirements and alternative uses of capital that our board of directors concluded would represent an opportunity to generate a greater return on investment for us and our stockholders.
The current policy of our board of directors is to retain earnings, if any, to provide for our growth.
2 unchanged sentences
Securities Authorized for Issuance under Equity Compensation Plans
−Removed: Refer to Note 15 to the consolidated financial statements elsewhere herein for additional information.
+Added: Information required by this item is incorporated by reference to our Definitive Proxy Statement for our 2023 Annual Meeting of Stockholders.
Recent Sales of Unregistered Securities
−Removed: Stock Repurchase Program
−Removed: On December 6, 2021, Acacia’s Board of Directors approved a stock repurchase program, which authorized the purchase of up to $15.0 million of the Company’s common stock through open market purchases, through block trades, through 10b5-1 plans, or by means of private purchases, from time to time, through December 6, 2022.
−Removed: Stock repurchases during the quarter ended December 31, 2021, all of which were purchased as part of a publicly announced plan or program, were as follows:
−Removed: Purchased Average
−Removed: Share Approximate Dollar
−Removed: Value of Shares that
−Removed: May Yet be Purchased
−Removed: under the Program
−Removed: (In thousands)
−Removed: October 1, 2021 – October 31, 2021 — $ — $ —
−Removed: November 1, 2021 – November 30, 2021 — — —
−Removed: December 1, 2021 – December 31, 2021 784,104 $ 5.12 $ 11,004
−Removed: Total repurchases during the quarter ended December 31, 2021 784,104 $ 5.12
−Removed: Refer to Note 14 to the consolidated financial statements elsewhere herein for additional information.
−Removed: During February 2022, we completed this program with total common stock purchases of 3,125,819 shares for the aggregate amount of $15.0 million.
+Added: Stock Repurchases
+Added: There were no stock repurchases during the quarter ended December 31, 2022.
+Added: Refer to Note 12 to the consolidated financial statements elsewhere herein for additional information related to past repurchase programs.
Not applicable.
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.