3 unchanged sentences
(c) Stock Repurchases.
−Removed: The Company’s Board of Directors approved its fifth stock repurchase program in December 2021 pursuant to which the Company may repurchase from time to time up to seven percent of the Company’s common stock, or approximately 747,000 shares (in addition to the 657 shares that remained available for repurchase under the Company’s prior stock repurchase program at that date) through open market purchases, privately-negotiated transactions, pursuant to any trading plan that may be adopted in accordance with Rule 10b5-1 of the Securities and Exchange Commission or otherwise in compliance with Rule 10b-18 under the Securities Exchange Act of 1934.
−Removed: The repurchase program terminates on January 29, 2023, unless completed sooner.
−Removed: The timing, volume and price of purchases are made at our discretion, and are contingent upon our overall financial condition, as well as general market conditions.
+Added: Under the Company’s fifth stock repurchase program, which was approved by the Company’s board of directors in December 2021, the Company was authorized to repurchase up to 747,000 shares, or approximately 7.0%, of its then outstanding shares from time to time through open market purchases, privately-negotiated transactions, pursuant to any trading plan that may be adopted in accordance with Rule 10b5-1 of the Securities and Exchange Commission or otherwise in compliance with Rule 10b-18 under the Securities Exchange Act of 1934.
+Added: In October 2022, our Board of Directors approved a sixth stock repurchase program to commence following completion of the fifth stock repurchase program for the repurchase of up to 645,000 shares, or approximately 5.0%, of the Company’s outstanding common stock, over a one year period through open market purchases, privately-negotiated transactions, or otherwise in compliance with Rule 10b-18 under the Securities Exchange Act of 1934.
+Added: The actual timing, number and value of shares repurchased under the stock repurchase program will depend on a number of factors, including constraints specified pursuant to any trading plan that may be adopted in accordance with Rule 10b5-1 of the Securities and Exchange Commission, price and market conditions, and alternative investment opportunities.
The stock repurchase program does not obligate the Company to acquire any specific number of shares in any period, and may be expanded, extended, modified or discontinued at any time .
−Removed: The following table sets forth information with respect to our repurchases of our outstanding common shares during the three months ended June 30, 2022:
+Added: The following table sets forth information with respect to our repurchases of our outstanding common shares during the three months ended September 30, 2022:
Total number of
6 unchanged sentences
plans or programs
−Removed: April 1, 2022 - April 30, 2022
−Removed: May 1, 2022 - May 31, 2022
−Removed: June 1, 2022 - June 30, 2022
+Added: July 1, 2022 - July 31, 2022
+Added: August 1, 2022 - August 31, 2022
+Added: September 1, 2022 - September 30, 2022
Defaults of Senior Securities
3 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.