2 unchanged sentences
We currently do not pay a dividend on our common stock.
−Removed: Our ability to pay dividends is subject to limitations imposed by Nevada law.
Any future payment of dividends would be dependent upon our financial condition, capital requirements, earnings and cash flow.
During 1998, the Company announced a program permitting the Company to repurchase a portion of its outstanding shares not to exceed a dollar maximum established by the Company’s Board of Directors.
−Removed: The program was most recently amended on October 4, 2022, to increase the repurchase authorization by $2.5 billion, bringing the total value of authorized share repurchases to $33.7 billion.
+Added: On June 14, 2023, the Board of Directors authorized the repurchase of an additional $2.0 billion of the Company’s common stock, bringing the total value of authorized share repurchases to $35.7 billion.
Shares of common stock repurchased by the Company during the quarter ended August 26, 2023 were as follows:
4 unchanged sentences
May 7, 2023 to June 3, 2023
−Removed: 1,853,994,652
June 4, 2023 to July 1, 2023
5 unchanged sentences
1,834,288,894
+Added: (1) Average price per share includes excise tax assessed at one percent of the fair market value of net stock repurchases.
The Company also repurchased, at market value, an additional 4,886 and 7,611 shares in fiscal years 2022 and 2021, respectively, from employees electing to sell their stock under the Company’s Eighth Amended and Restated Employee Stock Purchase Plan (as amended from time to time, the “Employee Plan”), qualified under Section 423 of the Internal Revenue Code, under which all eligible employees may purchase AutoZone’s common stock at 85% of the lower of the market price of the common stock on the first day or last day of each calendar quarter through payroll deductions.
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.