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ISSUER PURCHASES OF EQUITY SECURITIES
−Removed: The following table sets forth information with respect to our repurchases of common stock during the three months ended September 30, 2023.
+Added: The following table sets forth information with respect to our repurchases of common stock during the three months ended March 31, 2024.
Total Number of Shares Purchased
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Maximum Number of Shares that May Yet Be Purchased under the Plans or Programs (2)
−Removed: July 1 - July 31
−Removed: August 1 - August 31
−Removed: September 1 - September 30
−Removed: Because withholding tax-related stock repurchases are permitted outside the scope of our 5,000,000 share Board-authorized repurchase plan, these amounts exclude shares of stock returned to us by employees in satisfaction of withholding tax requirements on exercised stock options and vested stock grants.
−Removed: There were 185,250 such shares returned to us during the three months ended September 30, 2023.
−Removed: Because withholding stock repurchases related to stock option exercise prices are permitted outside the scope of our 5,000,000 share Board-authorized repurchase plan, these amounts exclude shares of stock returned to us by employees in satisfaction of stock option exercise prices on exercised grants.
−Removed: There were 91,167 such shares returned to us during the three months ended September 30, 2023.
−Removed: Pursuant to a share repurchase plan authorized by our Board of Directors on March 15, 2022, we are authorized to repurchase 5,000,000 shares of our common stock through June 30, 2024.
−Removed: The following table sets forth information with respect to our repurchases of Series B Preferred Stock during the three months ended September 30, 2023.
+Added: January 1 - January 31
+Added: February 1 - February 29
+Added: March 1 - March 31
+Added: Because withholding tax-related stock repurchases are permitted outside the scope of our Board-authorized repurchase plan, these amounts exclude shares of stock returned to us by employees in satisfaction of withholding tax requirements on exercised stock options and vested stock grants.
+Added: There were 18,033 such shares returned to us during the three months ended March 31, 2024.
+Added: Pursuant to a share repurchase plan authorized by our Board of Directors on May 7, 2024, we are authorized to repurchase 2,000,000 shares of our common stock through June 30, 2026.
+Added: The following table sets forth information with respect to our repurchases of Series B preferred stock during the three months ended March 31, 2024.
Total Number of Shares Purchased
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Maximum Number of Shares that May Yet Be Purchased under the Plans or Programs (1)
−Removed: July 1 - July 31
−Removed: August 1 - August 31
−Removed: September 1 - September 30
−Removed: On November 8, 2022, our Board of Directors authorized the Company to repurchase up to 500,000 shares of our Series B Preferred Stock through June 30, 2024.
−Removed: We will continue to evaluate our common stock price and Series B Preferred Stock prices relative to other investment opportunities and, to the extent we believe that the repurchase of our common stock or Series B Preferred Stock represents an appropriate return of capital, we will repurchase shares of our common stock or Series B Preferred Stock.
−Removed: We have no current plans to pay dividends to holders of our common stock.
+Added: January 1 - January 31
+Added: February 1 - February 29
+Added: March 1 - March 31
+Added: On May 7, 2024, our Board of Directors authorized the Company to repurchase up to 500,000 shares of our Series B preferred stock through June 30, 2026.
+Added: We will continue to evaluate our common stock price and Series B preferred stock price relative to other investment opportunities and, to the extent we believe that the repurchase of our common stock or Series B preferred stock represents an appropriate return of capital, we will repurchase shares of our common stock or Series B preferred stock.
+Added: We have no current plans to pay dividends to holders of our common stock.
As we continue to pursue our growth strategy, we will assess our cash flow, the long-term capital needs of our business and other uses of cash.
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Furthermore, dividends on our Series A preferred stock and Series B preferred stock are payable in preference to any common stock dividends.
+Added: We pay cumulative cash dividends on the Series A preferred stock, when and as declared by our Board of Directors, in the amount of 6% of the $100.00 liquidation preference per share annually.
We pay cumulative cash dividends on the Series B preferred stock, when and as declared by our Board of Directors, in the amount of $1.90625 per share each year, which is equivalent to 7.625% of the $25.00 liquidation preference per share.
−Removed: For additional information, see Part I, Item 2 “Management’s Discussion and Analysis of Financial Condition and Results of Operations—Liquidity, Funding and Capital Resources.”
+Added: For additional information, see Part I, Item 2 "Management’s Discussion and Analysis of Financial Condition and Results of Operations—Liquidity, Funding and Capital Resources."
DEFAULTS UPON SENIOR SECURITIES
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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.