4 unchanged sentences
Dividend Policy
−Removed: On December 3, 2018, March 1, 2019, June 13, 2019, September 9, 2019 and November 26, 2019, our Board of Directors declared quarterly cash dividends in the amount of $0.25 per share.
On March 2, 2020, the Board of Directors declared a quarterly dividend of $0.25 per share on the Company’s common stock which was to be paid on April 6, 2020, to shareholders of record at the close of business on March 16, 2020.
10 unchanged sentences
Options granted under both plans are exercisable at prices at least equal to the fair market value of such stock on the dates the options were granted and expire ten years after the date of grant.
+Added: During the year ended October 2, 2021, options to purchase 110,750 shares of common stock at an exercise price of $10.65 per share were granted to employees and directors of the Company (the "2021 Grant").
+Added: Such options are exercisable as to 50% of the shares commencing on the second anniversary of the date of grant and as to 50% on the fourth anniversary of the date of grant.
+Added: Such options had an aggregate grant date fair value of $2.22 per share and totaled approximately $246,000.
During the year ended October 3, 2020, options to purchase 266,500 shares of common stock at an exercise price of $21.90 per share were granted to employees, directors of the Company and other service providers.
1 unchanged sentence
The grant date fair value of these stock options was $3.35 per share.
−Removed: During the year ended September 28, 2019, options to purchase 23,000 shares of common stock at an exercise price of $19.61 per share were granted to employees of the Company.
−Removed: Such options are exercisable as to 50% of the shares commencing on the date of grant and as to an additional 50% commencing on the first anniversary of the date of grant.
−Removed: Such options had an aggregate grant date fair value of $3.48 per share and totaled approximately $80,000.
−Removed: During the year ended September 28, 2019, options to purchase 11,000 shares of common stock at an exercise price of $20.18 per share were granted to employees of the Company.
−Removed: Such options are exercisable as to 25% of the shares commencing on the first anniversary of the date of grant and 25% on the second, third and fourth anniversary thereof.
−Removed: Such options had an aggregate grant date fair value of $3.55 per share and totaled approximately $39,000.
−Removed: During the year ended September 28, 2019, options to purchase 19,500 shares of common stock with a strike price of $12.04 were exercised on a net issue basis as provided in the 2010 Plan.
−Removed: Accordingly, 11,774 shares were immediately repurchased and retired from treasury.
The following is a summary of the securities issued and authorized for issuance under our Stock Option Plans at October 2, 2021:
15 unchanged sentences
Total 596,476 $19.21 63,750
−Removed: Of the 626,500 options outstanding on October 3, 2020, 213,125 were held by the Company’s officers and directors.
+Added: Of the 596,476 options outstanding as of October 2, 2021, 218,625 were held by the Company’s officers and directors.
(1) The Company has no equity compensation plans that were not approved by shareholders.
2 unchanged sentences
Stock Performance Graph
−Removed: The graph set forth below compares the yearly percentage change in cumulative total shareholder return on the Company’s Common Stock for the five-year period commencing October 3, 2015 and ending October 3, 2020 against the cumulative total return on the NASDAQ Market Index and a peer group comprised of those public companies whose business activities fall within the same standard industrial classification code as the Company.
−Removed: This graph assumes a $100 investment in the Company’s Common Stock and in each index on October 3, 2015 and that all dividends paid by companies included in each index were reinvested.
+Added: The graph set forth below compares the yearly percentage change in cumulative total shareholder return on the Company’s Common Stock for the five-year period commencing September 30, 2016 and ending October 2, 2021 against the cumulative total return on the NASDAQ Market Index and a peer group comprised of those public companies whose business activities fall within the same standard industrial classification code as the Company.
+Added: This graph assumes a $100 investment in the Company’s Common Stock and in each index on September 30, 2016 and that all dividends paid by companies included in each index were reinvested.
Cumulative Total Return
7 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.