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Our common stock is listed on the New York Stock Exchange under the symbol “AYI.” At October 21, 2022, there were 1,856 stockholders of record.
+Added: The timing, declaration, and payment of future dividends to holders of our common stock will depend upon many factors, including our cash balances and potential future capital requirements for strategic transactions, including acquisitions, results of operations, financial condition, and other factors that our Board of Directors may deem relevant.
The information required by this item with respect to equity compensation plans is included under the caption Equity Compensation Plans in our proxy statement for the annual meeting of stockholders to be held January 25, 2023, which we will file with the Securities and Exchange Commission pursuant to Regulation 14A.
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Issuer Purchases of Equity Securities
−Removed: In March 2018, the Board of Directors (the “Board”) authorized the repurchase of up to six million shares of our common stock.
−Removed: As of October 22, 2020, 2.2 million shares were available for repurchase under this authorization.
−Removed: On October 23, 2020, the Board authorized the repurchase of an additional 3.8 million shares of our common stock, bringing our total authorization back to six million shares at that time.
−Removed: Under the new increased share repurchase authorization, we may repurchase shares of our common stock from time to time at prevailing market prices, depending on market conditions, through open market or privately negotiated transactions.
+Added: On March 31, 2022, the Board of Directors (the “Board”) authorized the repurchase of up to five million shares of our common stock.
+Added: Under the current share repurchase authorization, we may repurchase shares of our common stock from time to time at prevailing market prices, depending on market conditions, through open market or privately negotiated transactions.
No date has been established for the completion of the share repurchase program, and we are not obligated to repurchase any shares.
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The following table summarizes share repurchase activity by month for the quarter ended August 31, 2022:
−Removed: Period Total Number of Shares Purchased Average Price Paid per Share Total Number of Shares Purchased as Part of Publicly Announced Plans Maximum Number of Shares that May Yet Be Purchased Under the Plans
+Added: Period Total Number of Shares Purchased Average Price Paid per Share Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs Maximum Number of Shares that May Yet Be Purchased Under the Plans or Programs
6/1/2022 through 6/30/2022 339,454 $ 166.98 339,454 3,111,550
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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.