5 unchanged sentences
Dividend Policy
−Removed: On November 9, 2022, February 9, 2023, May 9, 2023 and August 8, 2023, the Board of Directors of the Company (the "Board") declared quarterly cash dividends of $0.125, $0.125, $0.1875 and $0.1875, respectively, per share, which were paid on December 13, 2022, March 14, 2023, June 13, 2023 and September 13, 2023 to the stockholders of record of the Company's common stock at the close of business on November 30, 2022, February 28, 2023, May 31, 2023 and August 31, 2023.
+Added: On November 8, 2023, February 6, 2024, and May 7, 2024, the Board of Directors of the Company (the "Board") declared quarterly cash dividends of $0.1875, $0.1875, and $0.1875, respectively, per share, which were paid on December 13, 2023, March 13, 2024, and June 12, 2024, respectively, to the stockholders of record of the Company's common stock at the close of business on November 30, 2023, February 29, 2024, and May 31, 2024, respectively.
+Added: The Board has not declared any dividends since May 7, 2024.
Future decisions to pay or to increase or decrease dividends are at the discretion of the Board and will depend upon operating performance and other factors.
11 unchanged sentences
The options expire ten years after the date of grant.
−Removed: During the year ended September 30, 2023, no options to purchase shares of common stock were issued by the Company.
−Removed: During the year ended October 1, 2022, options to purchase 22,500 shares of common stock at an exercise price of $17.80 per share were granted to employees and directors of the Company (the "2022 Grant").
−Removed: Such options are exercisable as to 25% of the shares commencing on the first anniversary of the date of grant and 25% each year thereafter.
+Added: On January 18, 2024, options to purchase 107,500 shares of common stock at an exercise price of $14.80 per share were granted to officers and directors of the Company under the 2022 Plan.
+Added: Such options are exercisable as to 25% of the shares commencing on the first anniversary of the date of grant and as to an additional 25% on each yearly anniversary thereafter.
The grant date fair value of these stock options was $4.39 per share and totaled approximately $472,000.
+Added: During the year ended September 28, 2023, no options to purchase shares of common stock were issued by the Company.
The following is a summary of the securities issued and authorized for issuance under our Stock Option Plans at September 28, 2024:
19 unchanged sentences
Under the Company's Section 162(m) Cash Bonus Plan, compensation paid in excess of $1,000,000 to any employee who is the chief executive officer, or one of the three highest paid executive officers on the last day of that tax year (other than the chief executive officer or the chief financial officer) is not tax deductible.
−Removed: 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 September 30, 2018 and ending September 30, 2023 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 September 30, 2018 and that all dividends paid by companies included in each index were reinvested.
−Removed: Cumulative Total Return
−Removed: 09/30/18 09/28/19 10/03/20 10/02/21 10/01/22 09/30/23
−Removed: Ark Restaurants Corp.
−Removed: $100.00 $91.71 $53.42 $71.97 $87.49 $74.29
−Removed: NASDAQ Composite 100.00 100.52 141.70 184.58 136.12 178.41
−Removed: SIC Code 5812 - Eating & Drinking Places 100.00 123.91 128.67 157.26 140.14 164.87
Not applicable.
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.