MARKET FOR REGISTRANT’S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES
−Removed: Principal Market
+Added: Market Information and Dividends
Our common stock is listed on the NASDAQ Global Select Market under the symbol “AEIS.” On January 31, 2024, the number of common stockholders of record was 236.
This does not include stockholders whose shares are held in “street name” through brokers or other nominees.
−Removed: Dividend Policy
−Removed: In March 2021, the Board of Directors (the “Board”) declared the first quarterly cash dividend since our inception as a public company.
In each of the four quarters in 2023, we paid quarterly cash dividends of $0.10 per share, totaling $15.2 million for the full year.
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Purchases of Equity Securities by the Issuer
−Removed: The following table summarizes actions by our Board of Directors in relation to the stock repurchase program:
−Removed: September 2015
−Removed: Authorized a program to repurchase up to $150.0 million of our common stock
−Removed: Approved a $50.0 million increase in the repurchase program
−Removed: December 2019
−Removed: Authorized the removal of the expiration date and increased the balance available for the repurchase program by $25.1 million
−Removed: Approved an increase to the repurchase program, which authorized the Company to repurchase up to $200.0 million with no time limitation
−Removed: Approved an increase to the repurchase program from its remaining authorization of $102.4 million, to repurchase up to $200.0 million with no time limitation
−Removed: To execute the repurchase of shares of our common stock, we periodically enter into stock repurchase agreements.
−Removed: The following table summarizes these repurchases during the year ended December 31, 2022:
+Added: To repurchase shares of our common stock, we periodically enter into stock repurchase agreements, open market transactions, and/or other transactions in accordance applicable federal securities laws.
+Added: Before repurchasing our shares, we consider the market price of our common stock, the nature of other investment opportunities, available liquidity, cash flows from operations, general business and economic conditions, and other relevant factors.
+Added: During the past three years, our Board approved several increases to the stock repurchase program.
+Added: Most recently, the Board approved a $40.0 million increase to the program specifically for a $40.1 million stock repurchase that occurred concurrently with the September 12, 2023 issuance of the Convertible Notes.
+Added: The following table summarizes stock repurchases during the year ended December 31, 2023:
Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs
(in thousands, except price per share data)
−Removed: First quarter
−Removed: Second quarter
−Removed: Third quarter
−Removed: Fourth quarter
+Added: We did not repurchase any shares during the fourth quarter of 2023.
+Added: The maximum dollar value of shares that may yet be purchased under share repurchase program does not have a time limit.
Performance Graph
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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.