1 unchanged sentence
Our common stock is traded on the NASDAQ Global Select Market under the symbol "ADTN" and the Frankfurt Stock Exchange under the symbol "QH9".
−Removed: As of January 24, 2025, we had 47 stockholders of record and approximately 15,860 beneficial owners of shares held in street name.
−Removed: 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 Business Efficiency Program.
−Removed: 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.
+Added: As of February 9, 2026, we had 43 stockholders of record and approximately 19,352 beneficial owners of shares held in street name.
+Added: The payment of any 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.
In addition, the Wells Fargo Credit Agreement currently does not allow for the payment of dividends to stockholders.
−Removed: 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 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.
+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 of Acorn MergeCo, Inc., a subsidiary of ADTRAN Holdings, Inc., with and into ADTRAN, Inc., on July 8, 2022, after which ADTRAN, Inc.
+Added: became a wholly-owned direct subsidiary of ADTRAN Holdings, Inc.
+Added: (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.
2 unchanged sentences
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.
−Removed: * $100 invested on 12/31/19 in stock or index-including reinvestment of dividends.
−Removed: Fiscal year ending December 31, 2024.
+Added: * Assumes that $100 was invested on December 31, 2020 in stock or index, including reinvestment of dividends through fiscal year ending December 31, 2025.
ADTRAN Holdings, Inc.
3 unchanged sentences
The Company's cumulative total returns for the period December 31, 2020 through December 31, 2021 relate to Adtran, Inc.
−Removed: 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.
−Removed: subsequent to the Business Combination.
+Added: prior to its business combination with Adtran Networks and the Company's cumulative total returns for the period December 31, 2022 through December 31, 2025 relate to Adtran Holdings, Inc.
+Added: subsequent to the business combination with Adtran Networks.
+Added: Recent Sales of Unregistered Securities
Purchases of Equity Securities
−Removed: The following table sets forth repurchases of our common stock for the months indicated.
−Removed: Total Number of Shares
−Removed: Purchased as Part of
−Removed: Publicly Announced
−Removed: Plans or Programs (1)
−Removed: Maximum Number of
−Removed: Shares that May Yet Be
−Removed: Purchased Under the
−Removed: Plans or Programs
−Removed: October 1, 2024 – October 31, 2024
−Removed: November 1, 2024 – November 30, 2024
−Removed: December 1, 2024 – December 31, 2024
During the year ended December 31, 2025, the Company did not repurchase any shares of Company common stock as part of a publicly announced plan or program and there is no current authorization to repurchase Company common stock.
−Removed: The shares purchased relate to shares withheld to cover taxes for vested stock awards.
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.