3 unchanged sentences
We declared a quarterly dividend of $0.09 per share of common stock to record holders during each of the quarters through September 30, 2023.
−Removed: On November 6, 2023, the Board of Directors suspended the Company’s quarterly cash dividend in order to reduce debt and interest expense and support the Company's capital efficiency program.
+Added: On November 6, 2023, the Board of Directors suspended the Company’s quarterly cash dividend in order to reduce debt and interest expense and support the Company's Business Efficiency Program.
The payment of any future dividends will be at the discretion of the Board of Directors and will depend on the Company’s financial condition, results of operations, capital requirements, and any other factors deemed relevant by the Board of Directors.
−Removed: In addition, the Wells Fargo Credit Agreement currently does not allow for the payment of dividends to shareholders.
−Removed: For additional information, see Note 20 of Notes to Consolidated Financial Statements included in Part II, Item 8 and Liquidity & Capital Resources included in Part II, Item 7 of this report .
+Added: In addition, the Wells Fargo Credit Agreement currently does not allow for the payment of dividends to stockholders.
+Added: For additional information, see Note 18 of the Notes to Consolidated Financial Statements included in Part II, Item 8 and Liquidity & Capital Resources included in Part II, Item 7 of this report .
Performance Graph
−Removed: The graph below matches our cumulative 5-Year total shareholder return on common stock (specifically, the total shareholder return on ADTRAN, Inc.’s common stock for all periods prior to the Merger and that of ADTRAN Holdings, Inc.
+Added: The graph below matches our cumulative 5-Year total stockholder return on common stock (specifically, the total stockholder return on ADTRAN, Inc.’s common stock for all periods prior to the Merger and that of ADTRAN Holdings, Inc.
following the Merger) with the cumulative total returns of the NASDAQ Telecommunications index and the NASDAQ Composite index.
The graph tracks the performance of a $100 investment in our common stock and in each index (with the reinvestment of all dividends) from December 31, 2019 to December 31, 2024.
+Added: In accordance with the rules of the SEC, this section, captioned “Performance Graph,” is not incorporated by reference into any of our future filings made under the Exchange Act or the Securities Act of 1933, as amended (the “Securities Act”).
+Added: The Performance Graph, including its accompanying table and footnotes, is not deemed to be soliciting material or to be filed under the Exchange Act or the Securities Act.
* $100 invested on 12/31/19 in stock or index-including reinvestment of dividends.
4 unchanged sentences
The stock price performance included in this graph is not necessarily indicative of future stock price performance.
+Added: The Company's cumulative total returns for the period December 31, 2019 through December 31, 2021 relate to Adtran, Inc.
+Added: prior to the Business Combination and the Company's cumulative total returns for the period December 31, 2022 through December 31, 2024 relate to Adtran Holdings, Inc.
+Added: subsequent to the Business Combination.
Purchases of Equity Securities
14 unchanged sentences
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.