1 unchanged sentence
Market Information on Common Stock
−Removed: Our common stock, with a par value of $0.01 per share, is listed and primarily traded on the NASDAQ Global Select Market, under the ticker symbol AVNW (prior to January 28, 2010 our ticker symbol was HSTX).
+Added: Our common stock is listed and primarily traded on the NASDAQ Global Select Market, under the ticker symbol AVNW (prior to January 28, 2010 our ticker symbol was HSTX).
There was no established trading market for shares of our common stock prior to January 29, 2007.
−Removed: According to the records of our transfer agent, as of September 2, 2022, there were 1,968 holders of record of our common stock.
+Added: According to the records of our transfer agent, as of August 23, 2023, there were approximately 1,896 holders of record of our common stock.
Dividend Policy
7 unchanged sentences
During fiscal 2023, we did not issue or sell any unregistered securities.
−Removed: Issuer Repurchases of Equity Securities
−Removed: During the fourth quarter of fiscal 2022 we repurchased 25,967 shares of our common stock in the open market for an aggregate purchase price, including commissions, of $0.7 million.
−Removed: These shares were recorded as treasury stock and we do not anticipate retiring them.
+Added: Issuer Purchases of Equity Securities
In November 2021, our Board of Directors approved a stock repurchase program to purchase up to $10.0 million of our common stock.
−Removed: As of July 1, 2022, $7.3 million remains available under the stock repurchase program, and we may choose to suspend or discontinue the repurchase program at any time.
−Removed: Following is a summary of stock repurchases for the three months ended July 1, 2022:
−Removed: Period Total Number of Shares Repurchased Average Price Paid per Share Total Number of Shares Repurchased as Part of Publicly Announced Program Approximate dollar Value of Shares that May Yet be Repurchased Under the Program (1)
−Removed: (in thousands)
−Removed: April 2, 2022 through April 29, 2022 25,967 28.86 25,967 $ 7,260
−Removed: April 30, 2022 through May 27, 2022 — — — $ 7,260
−Removed: May 28, 2022 through July 1, 2022 — — — $ 7,260
−Removed: (1) In November 2021, our Board of Directors approved a stock repurchase program, which does not have an expiration date, for the repurchase of up to $10.0 million of our common stock.
+Added: As of June 30, 2023, $7.3 million remains available under the stock repurchase program, and we may choose to suspend or discontinue the repurchase program at any time.
+Added: During the fourth quarter of fiscal 2023 we did not repurchase any shares of our common stock.
Performance Graph
−Removed: The following graph and accompanying data compare the cumulative total return on our common stock with the cumulative total return of the Total Return Index for The NASDAQ Composite Market (U.S.
−Removed: Companies) and the NASDAQ Telecommunications Index for the five-year period ended July 1, 2022.
−Removed: The stock price performance shown on the graph below is not necessarily indicative of future price performance.
+Added: The following graph and accompanying data compare the cumulative total return of our common stock, the NASDAQ Composite Index and the NASDAQ Telecommunications Index for the five-year period ended June 30, 2023.
+Added: The comparison assumes $100 was invested on June 29, 2018, in the Company’s common stock and each of the indices and assumes reinvestment of dividends.
+Added: The historical stock price performance shown below is not indicative of future price performance.
Note that this graph and accompanying data is “furnished,” not “filed,” with the SEC.
7 unchanged sentences
NASDAQ Telecommunications $ 100.00 $ 120.14 $ 125.46 $ 167.31 $ 133.94 $ 130.07
−Removed: ____________________________
−Removed: * Assumes (i) $100 invested on June 30, 2017 in Aviat Networks, Inc.
−Removed: common stock, the Total Return Index for The NASDAQ Composite Market (U.S.
−Removed: companies) and the NASDAQ Telecommunications Index;
−Removed: and (ii) immediate reinvestment of all dividends.
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.