Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities
−Removed: Our common stock is traded on the New York Stock Exchange under the symbol “ASIX”.
−Removed: On February 3, 2023, there were 17,673 holders of record of our common stock and the closing price of our common stock on the New York Stock Exchange was $43.86 per share.
+Added: Our common stock is traded on the New York Stock Exchange under the symbol “ASIX.” On February 2, 2024, there were 16,728 holders of record of our common stock and the closing price of our common stock on the New York Stock Exchange was $25.18 per share.
As of February 2, 2024, 26,700,024 shares of our common stock and 0 shares of our preferred stock were outstanding.
2 unchanged sentences
On February 17, 2023, the Company announced that the Board authorized a share repurchase program of up to an additional $75 million of the Company's common stock, which was in addition to the remaining capacity available under the previously approved share repurchase program.
−Removed: Repurchases may be made, from time to time, on the open market, including through the use of trading plans intended to qualify under Rule 10b5-1 of the Exchange Act.
+Added: Repurchases may be made from time to time on the open market in accordance with Rule 10b-18 of the Exchange Act, including through the use of trading plans intended to qualify under Rule 10b5-1 of the Exchange Act.
The size and timing of these repurchases will depend on pricing, market and economic conditions, legal and contractual requirements and other factors.
−Removed: The share repurchase program has no expiration date and may be modified, suspended or discontinued at any time.
+Added: The repurchase program has no expiration date and may be modified, suspended or discontinued at any time.
The below table sets forth the repurchases of Company common stock, by month, for the quarter ended December 31, 2023:
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During the period January 1, 2024 through February 2, 2024, the Company repurchased an additional 64,678 shares at a weighted average market price of $26.39 per share under the current authorized repurchase program.
−Removed: The Company commenced the declaration of dividends on September 28, 2021.
−Removed: Since commencement of dividends, the Company has declared dividends as follows:
+Added: The Company commenced the declaration of dividends on September 28, 2021 and has declared and paid dividends on a quarterly basis.
+Added: The Company has increased its quarterly dividend by 10% ($0.145 to $0.160) and 16% ($0.125 to $0.145) during the third quarter of 2023 and 2022, respectively.
+Added: Dividends paid during 2023 and announced on the date of this filing are as follows:
Date of Announcement Date of Record Date Payable Dividend per Share Total Approximate Dividend Amount ($M)
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2/17/2023 3/3/2023 3/17/2023 $0.145 $4.0
−Removed: 9/28/2021 11/9/2021 11/23/2021 $0.125 $3.5
The timing, declaration, amount and payment of future dividends to stockholders, if any, will be within the discretion of our Board.
Holders of shares of our common stock will be entitled to receive dividends when, and if, declared by our Board at its discretion out of funds legally available for that purpose, subject to the terms of our indebtedness, the preferential rights of any preferred stock that may be outstanding, legal requirements, regulatory constraints, industry practice and other factors that our Board deems relevant.
−Removed: The Company paid dividends of approximately $15.1 million and $3.5 million for the years ended December 31, 2022 and 2021, with no dividends declared during 2020.
+Added: The Company paid dividends of approximately $16.7 million, $15.1 million and $3.5 million for the years ended December 31, 2023, 2022 and 2021, respectively.
Performance Graph
11 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.