What changed in this filing

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Item 2. Unregistered Sales of Equity Securities

2020-08-13 compared with 2020-05-14 · 35 added, 25 removed, 0 unchanged (100% of the section changed)

UNREGISTERED SALES OF EQUITY SECURITIES

AND USE OF PROCEEDS.

Unregistered Sales of Equity Securities

Purchases of Equity Securities by the Issuer and Affiliated

Our current and future

debt financing arrangements may limit or prevent cash distributions from our subsidiaries to us, depending upon the achievement

of specified financial and other operating conditions and our ability to properly service our debt, thereby limiting or preventing

us from paying cash dividends.

For the three months

ended March 31, 2020, we accrued an aggregate of $0.3 million in dividends on our Series B Cumulative Convertible Preferred Stock,

or Series B Preferred Stock, but did not declare or pay cash dividends, as permitted under an agreement with the holders of our

Series B Preferred Stock, in an effort to preserve liquidity.

For the three months ended March 31, 2019, we declared and paid

in cash an aggregate of $0.3 million in dividends on our Series B Preferred Stock.

We have never declared

or paid cash dividends on our common stock and do not currently intend to pay cash dividends on our common stock in the foreseeable

We currently anticipate that we will retain any earnings for use in the continued development of our business.

The holders of our outstanding

Series B Preferred Stock are entitled to dividends of 7% per annum, payable quarterly.

Accrued and unpaid dividends in respect

of our Series B Preferred Stock must be paid prior to the payment of any dividends in respect of shares of our common stock.

DEFAULTS UPON SENIOR SECURITIES.

Not applicable.

MINE SAFETY DISCLOSURES.

Not applicable.

SALES OF EQUITY SECURITIES AND USE OF PROCEEDS.

Sales of Equity Securities

of Proceeds from Registered Securities

of Equity Securities by the Issuer and Affiliated Purchasers

granted to certain employees shares of restricted stock under our 2006 and 2016 Stock Incentive Plans pursuant to Restricted Stock

Agreements dated and effective as of their respective grant dates by and between us and those employees.

were obligated to withhold minimum withholding tax amounts with respect to vested shares of restricted stock and upon future vesting

of shares of restricted stock granted to our employees.

Each employee was entitled to pay the minimum withholding tax amounts

to us in cash or to elect to have us withhold a vested amount of shares of restricted stock having a value equivalent to our minimum

withholding tax requirements, thereby reducing the number of shares of vested restricted stock that the employee ultimately receives.

If an employee failed to timely make such election, we automatically withheld the necessary shares of vested restricted stock.

the three months ended June 30, 2020, in connection with satisfying our withholding requirements, we withheld the following

number of shares of our common stock and remitted cash payments to cover the minimum withholding tax amounts, thereby effectively

repurchasing from the employees such number of shares of our common stock at the following deemed purchase prices:

Shares Withheld

Deemed Purchase

Purchase Price

current and future debt financing arrangements may limit or prevent cash distributions from our subsidiaries to us, depending

upon the achievement of specified financial and other operating conditions and our ability to properly service our debt, thereby

limiting or preventing us from paying cash dividends.

the three and six months ended June 30, 2020, we accrued an aggregate of $0.3 million and $0.6 million, respectively, in

dividends on our Series B Cumulative Convertible Preferred Stock, or Series B Preferred Stock, but did not declare or pay cash

dividends, as permitted under an agreement with the holders of our Series B Preferred Stock, in an effort to preserve liquidity.

For the three and six months ended June 30, 2019, we declared and paid in cash an aggregate of $0.3 million and $0.6 million,

respectively, in dividends on our Series B Preferred Stock.

have never declared or paid cash dividends on our common stock and do not currently intend to pay cash dividends on our common

stock in the foreseeable future.

We currently anticipate that we will retain any earnings for use in the continued development

of our business.

holders of our outstanding Series B Preferred Stock are entitled to dividends of 7% per annum, payable quarterly.

unpaid dividends in respect of our Series B Preferred Stock must be paid prior to the payment of any dividends in respect of shares

of our common stock.

UPON SENIOR SECURITIES.

SAFETY DISCLOSURES.

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.

What changed 10-Q

Item 2. Unregistered Sales of Equity Securities