3 unchanged sentences
(c) Stock Repurchases.
−Removed: 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.
−Removed: 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.
−Removed: 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.
−Removed: 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 September 30, 2022:
+Added: The following table sets forth information with respect to our repurchases of our outstanding common shares during the three months ended March 31, 2023:
Total number of
6 unchanged sentences
plans or programs
−Removed: July 1, 2022 - July 31, 2022
−Removed: August 1, 2022 - August 31, 2022
−Removed: September 1, 2022 - September 30, 2022
−Removed: Defaults of Senior Securities
+Added: January 1, 2023 - January 31, 2023
+Added: February 1, 2023 - February 28, 2023
+Added: March 1, 2023 - March 31, 2023
+Added: On October 24, 2022, the Company announced that its Board of Directors approved a sixth stock repurchase program, which commenced in December 2022 following the expiration of the fifth stock repurchase program, pursuant to which the Company is authorized to repurchase up to five percent of its common stock, or approximately 645,000 shares.
+Added: The existing stock repurchase program will expire on October 24, 2023, unless sooner completed.
+Added: In April 2023, the Company’s Board of Directors approved a seventh stock repurchase program, to commence following completion of the sixth stock repurchase program, for the repurchase of up to 619,000 shares, or approximately 5.0% of the Company’s outstanding common stock, over a one year period.
+Added: Purchases under the Company’s stock repurchase programs may be made through open market purchases, privately-negotiated transactions, or otherwise in compliance with Rule 10b-18 under the Securities Exchange Act of 1934.
+Added: The repurchase programs may be suspended, terminated, or modified at any time for any reason, including market conditions, the cost of repurchasing shares, the availability of alternative investment opportunities, liquidity, and other factors deemed appropriate.
+Added: The Company’s stock repurchase programs do not obligate the Company to purchase any particular number of shares.
+Added: Defaults Upon Senior Securities
Not applicable.
2 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.