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Market Information on Common Stock
−Removed: 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).
−Removed: 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 August 23, 2023, there were approximately 1,896 holders of record of our common stock.
+Added: Aviat’s common stock is listed and primarily traded on the NASDAQ Global Select Market (“NASDAQ”), under the ticker symbol AVNW.
+Added: According to the records of the Company’s transfer agent, as of October 3, 2024, there were approximately 1,750 holders of record of Aviat’s common stock.
Dividend Policy
−Removed: We have not paid cash dividends on our common stock and do not intend to pay cash dividends in the foreseeable future.
−Removed: We intend to retain any earnings for use in our business.
−Removed: In addition, the covenants of our credit facility may restrict us from paying dividends or making other distributions to our stockholders under certain circumstances.
−Removed: On April 7, 2021, we effected a two-for-one split in the form of a stock dividend to shareholders of record as of April 1, 2021.
+Added: The Company has not paid cash dividends on its common stock and does not intend to pay cash dividends at this time.
+Added: The Company intends to retain any earnings for use in its business.
+Added: In addition, the covenants of the Company’s credit facility may restrict it from paying dividends or making other distributions to its stockholders under certain circumstances.
+Added: Refer to Note 7.
+Added: Credit Facility and Debt of the Notes to the consolidated financial statements in this Annual Report on Form 10-K for further information.
Sales of Unregistered Securities
−Removed: On April 13, 2021, we filed a registration statement on Form S-3 with the SEC using a “shelf” registration process.
−Removed: When we utilize the shelf registration we will be able to, from time to time, offer and sell, either individually or in combination, in one or more offerings, up to a total dollar amount of $200 million of any combination of the securities described in the shelf registration statement or a related prospectus supplement.
−Removed: During fiscal 2023, we did not issue or sell any unregistered securities.
+Added: During fiscal 2024, the Company did not issue or sell any unregistered securities not previously reported on Form 10-Q or 8-K.
Issuer Purchases of Equity Securities
−Removed: 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 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.
−Removed: During the fourth quarter of fiscal 2023 we did not repurchase any shares of our common stock.
+Added: In November 2021, the Company’s Board of Directors approved a stock repurchase program to purchase up to $10.0 million of its common stock.
+Added: As of June 28, 2024, $6.9 million remains available under the stock repurchase program, and the Company may choose to suspend or discontinue the repurchase program at any time.
+Added: During the fourth quarter of fiscal 2024, the Company did not repurchase any shares of its common stock.
Performance Graph
−Removed: 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 following graph and accompanying data compare the cumulative total return of Aviat’s common stock, the NASDAQ Composite Index and the NASDAQ Telecommunications Index for the five-year period ended June 28, 2024.
The comparison assumes $100 was invested on June 28, 2019, in the Company’s common stock and each of the indices and assumes reinvestment of dividends.
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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.