4 unchanged sentences
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: 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.
+Added: The Board voted to increase the repurchase authorization by $2.0 billion on December 20, 2023 and $1.5 billion on June 19, 2024, bringing the total value of authorized share repurchases to $39.2 billion.
Shares of common stock repurchased by the Company during the quarter ended August 31, 2024 were as follows:
4 unchanged sentences
May 5, 2024 to June 1, 2024
−Removed: June 4, 2023 to July 1, 2023
1,184,718,249
−Removed: July 2, 2023 to July 29, 2023
+Added: June 2, 2024 to June 29, 2024
2,450,725,318
+Added: June 30, 2024 to July 27, 2024
+Added: 2,201,510,545
July 28, 2024 to August 31, 2024
1 unchanged sentence
2,163,969,364
−Removed: (1) Average price per share includes excise tax assessed at one percent of the fair market value of net stock repurchases.
−Removed: 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.
+Added: The Company also repurchased, at market value, an additional 4,886 shares in fiscal year 2022 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.
Maximum permitted annual purchases are $15,000 per employee or 10 percent of compensation, whichever is less.
8 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.