7 unchanged sentences
Securities Authorized for Issuance under Equity Compensation Plans.
−Removed: We currently award stock options and restricted stock units to our employees meeting certain eligibility requirements under a plan approved by our stockholders in 2014, as amended, referred to as the “2014 Stock Plan” and have previously awarded stock options and restricted stock units to our employees meeting certain eligibility requirements under a plan approved by our stockholders in 2010.
+Added: We currently award stock options and restricted stock units to our employees meeting certain eligibility requirements under a plan approved by our stockholders in 2023, referred to as the “2023 Stock Plan” and have previously awarded stock options and restricted stock units to our employees meeting certain eligibility requirements under a plan approved by our stockholders in 2014 and 2010.
The following table summarizes information about our equity compensation plans as of March 31, 2024:
−Removed: Plan Category Number of Securities to be Issued Upon Exercise of Outstanding Stock Options or Rights (1)
−Removed: (a) Weighted-Average Exercise Price of Outstanding Stock Options or Rights (1)
+Added: Plan Category Number of Securities to be Issued Upon Exercise of Outstanding Stock Options, RSUs and PSUs (1)
+Added: Weighted-Average Exercise Price of Outstanding Stock Options or Rights
(b) Number of Securities Remaining Available for Future Issuance Under Equity Compensation Plans
3 unchanged sentences
Equity compensation plans not approved by security holders
−Removed: (1) Does not take into account outstanding restricted stock units.
−Removed: (2) Historically, the number of shares of our common stock reserved under the 2014 Stock Plan were increased, based on Board approval each January 1, which was intended to continue through and including January 1, 2024, by an amount equal to the smaller of 5% of the number of shares of our common stock issued and outstanding on the immediately preceding December 31 or a lesser amount determined by our Board (the “evergreen provision”).
−Removed: On June 14, 2021, the Compensation Committee of our Board approved Amendment No.
−Removed: 1 to 2014 Stock Plan to eliminate the evergreen provision for all future years (i.e., January 1,2022 through January 1, 2024).
−Removed: There was no increase in the number of shares authorized under the 2014 Stock Plan during the fiscal year ended March 31, 2023.
−Removed: Stock Performance Graph
−Removed: The following performance graph and related information shall not be deemed “soliciting material” or to be “filed” with the SEC, nor shall such information be incorporated by reference into any future filing under the Securities Act of 1933, as amended (the “Securities Act”), or the Exchange Act, except to the extent that we specifically incorporate it by reference into such filing.
−Removed: The performance graph set forth below compares our cumulative total stockholder return for the periods commending March 31, 2018 through March 31, 2023, assuming an initial investment of $100 in our common stock, and in each of the Nasdaq Capital Market Composite Index and Nasdaq Telecommunications Index and assumes the reinvestment of dividends.
−Removed: No dividends have been declared or paid on our common stock.
−Removed: The comparisons in the performance graph below are required by the SEC and are not intended to forecast or be indicative of possible absolute or relative future performance of our common stock, and we do not make or endorse any predictions as to future stockholder returns.
+Added: (1) I ncludes shares underlying RSUs and PSUs, at maximum, as of March 31, 2024.
+Added: (2) On August 8, 2023 (the “Effective Date”), the Company adopted a new equity-based compensation plan known as the 2023 Stock Plan.
+Added: The 2023 Stock Plan permits the Company to grant equity compensation awards to employees, consultants and non-employee directors of the Company.
+Added: As of the Effective Date, no additional awards may be granted under the Anterix Inc.
+Added: 2014 Stock Plan (the “2014 Stock Plan”).
+Added: The 2023 Stock Plan authorizes 250,000 shares of common stock of the Company (“Shares”) for grant.
+Added: Additionally, Shares remaining for grant under the 2014 Stock Plan immediately prior to the Effective Date, Shares subject to outstanding stock awards granted under the 2014 Stock Plan that, following the Effective Date, expire or are terminated or cancelled without having been exercised or settled in full, and Shares acquired pursuant to an award subject to forfeiture or repurchase that are forfeited or repurchased by the Company for an amount not greater than the recipient’s purchase price, are issuable under the 2023 Stock Plan.
Unregistered Sales of Equity Securities and Use of Proceeds.
14 unchanged sentences
(1) On September 29, 2021, our Board authorized a share repurchase program pursuant to which we may repurchase up to $50.0 million of our outstanding shares of common stock on or before September 29, 2023.
−Removed: The manner, timing and amount of any share repurchases may fluctuate and will be determined by us based on a variety of factors, including the market price of our common stock, our priorities for the use of cash to support our business operations and plans, general business and market conditions and alternative investment opportunities.
−Removed: The share repurchase program authorization does not obligate us to acquire any specific number or dollar value of shares.
−Removed: Under the share repurchase program, shares may be repurchased in privately negotiated and/or open market transactions, including under plans complying with Rule 10b5-1 under the Exchange Act.
+Added: We repurchased and subsequently retired a total of $33.9 million of our common stock under the 2021 Share Repurchase Program, including $10.7 million during fiscal year 2024.
+Added: On September 21, 2023, our Board authorized the new 2023 Share Repurchase Program pursuant to which we may repurchase up to $250.0 million of our common stock on or before September 21, 2026.
+Added: We repurchased and subsequently retired a total of $13.9 million of our common stock under the 2023 Share Repurchase Program during fiscal year 2024.
+Added: We may repurchase shares of our common stock via the open market and/or privately negotiated transactions.
+Added: Repurchases will be made in accordance with applicable securities laws and may be effected pursuant to Rule 10b5-1 trading plans.
+Added: The manner, timing and amount of any share repurchases will be determined by us based on a variety of factors, including proceeds from customer contracts, the timing of which is unpredictable, as well as general business and market conditions, our capital position, and other strategic considerations.
+Added: The 2023 Share Repurchase Program does not obligate us to repurchase any particular amount of our common stock.
(2) Average price paid per share includes cost associated with the repurchases.
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.