11 unchanged sentences
sale prices for the Company’s Common Stock
−Removed: as reported on the Nasdaq Global Market, and the cash dividends declared to
+Added: as reported on the Nasdaq Global Market, and the cash dividends declared
shareholders during the indicated periods.
14 unchanged sentences
Holders of Common Stock are entitled to
−Removed: receive such dividends as may be declared by the Company’s
+Added: receive such dividends when, as and if may be declared by the Company’s
Board of Directors.
−Removed: The amount and frequency of cash
−Removed: dividends will be determined in the judgment of the Board based upon a number of
−Removed: factors, including the Company’s
−Removed: earnings, financial condition, capital requirements and other relevant factors.
−Removed: The Board currently intends to continue its
−Removed: present dividend policies.
+Added: The amount and frequency
+Added: of cash dividends will be determined in the judgment of the Board based
+Added: upon a number of factors, including the
+Added: Company’s earnings, financial
+Added: condition, liquidity, capital and
+Added: regulatory requirements and other relevant factors and the
+Added: availability of dividend payable by the Bank consistent with amounts available
+Added: therefore, including the Bank’s earnings,
+Added: financial condition, liquidity, regulatory
+Added: and capital requirements and other relevant factors.
+Added: The Board currently intends to
+Added: continue its present dividend policies.
Federal Reserve policy could restrict future dividends on our Common Stock, depending
5 unchanged sentences
The amount of dividends payable by the Bank is limited by law and regulation.
−Removed: The need to maintain adequate capital in
−Removed: the Bank also limits dividends that may be paid to the Company.
+Added: The need to maintain adequate capital and
+Added: liquidity in the Bank also limits dividends that may be paid to the Company.
Performance Graph
2 unchanged sentences
December 31, 2017 to December 31, 2022, with that of the Nasdaq Composite Index and
−Removed: SNL Southeast Bank Index
−Removed: (assuming a $100 investment on December 31, 2016).
−Removed: Cumulative total return represents
−Removed: the change in stock price and the
−Removed: amount of dividends received over the indicated period, assuming the reinvestment of
+Added: BMI Banks – Southeast
+Added: Region Index (assuming a $100 investment on December 31, 2017).
+Added: Cumulative total return
+Added: represents the change in stock
+Added: price and the amount of dividends received over the indicated period, assuming the
+Added: reinvestment of dividends.
Period Ending
11 unchanged sentences
The Approximate
+Added: the Plans or Programs
October 1 – October 31, 2022
1 unchanged sentence
December 1 – December 31, 2022
−Removed: (1) On March 9, 2021 the Company adopted a $5 million stock repurchase program that became effective April 1, 2021.
+Added: On April 12, 2022, the Board of Directors of Auburn National Bancorporation, Inc.
+Added: (the "Company") announced that its Board of
+Added: Directors had approved a new stock repurchase program to replace the repurchase program that expired on March 31, 2022.
+Added: program authorized the repurchase, from time to time, of up to $5 million of the Company’s issued and outstanding common stock
+Added: through the earliest of (i) the expenditure of $5 million on Share repurchases, (ii) the termination or replacement of the Repurchase Plan
+Added: and (iii) April 15, 2024.
+Added: The stock repurchases may be open-market or private purchases, negotiated transactions, block purchases, and
Securities Authorized for Issuance Under Equity Compensation Plans
9 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.