2 unchanged sentences
On January 31, 2024, the Board of Directors of the Company authorized and approved a share repurchase program for up to $60 million of outstanding shares of the Company’s common stock over a period of 24 months, expiring January 31, 2026.
−Removed: Under the share repurchase program, the Company may repurchase shares through open market purchases, privately negotiated transactions, accelerated share repurchase transactions, block purchases or otherwise in accordance with applicable federal securities laws, including Rule 10b-18 of the Securities Exchange Act of 1934, as amended.
−Removed: The Board of Directors also authorized the Company to enter into written trading plans pursuant to Rule 10b5-1 under the Securities Exchange Act of 1934, as amended.
−Removed: Adopting a trading plan that satisfies the conditions of Rule 10b5-1 allows a company to repurchase its shares at times when it might otherwise be prevented from doing so due to self-imposed trading blackout periods or
−Removed: pursuant to insider trading laws.
−Removed: The Company may from time to time enter into Rule 10b5-1 trading plans to facilitate the repurchase of its common stock pursuant to its share repurchase program.
+Added: Under the share repurchase program, the Company may repurchase shares through open market purchases, privately negotiated transactions, accelerated share repurchase transactions, block purchases or otherwise in accordance with applicable federal securities laws, including Rule 10b-18 of the Exchange Act.
+Added: The Board of Directors also authorized the Company to enter into written trading plans pursuant to Rule 10b5-1 under the Exchange Act.
+Added: Adopting a trading plan that satisfies the conditions of Rule 10b5-1 allows a company to repurchase its shares at times when it might otherwise be prevented from doing so due to self-imposed trading blackout periods or pursuant to insider trading laws.
+Added: Company may from time to time enter into Rule 10b5-1 trading plans to facilitate the repurchase of its common stock pursuant to its share repurchase program.
The timing, manner, price, and number of shares to be repurchased will be at the discretion of Company management.
1 unchanged sentence
Repurchases under this program are expected to be funded from one or a combination of existing cash balances, future free cash flow, or indebtedness.
−Removed: Share repurchase activity under the share repurchase program, on a trade date basis, for each month in the quarter ended December 28, 2024, was as follows:
+Added: Share repurchase activity under the share repurchase program, on a trade date basis, for each month in the quarter ended March 29, 2025, was as follows:
Period by fiscal month Total number of shares repurchased
2 unchanged sentences
Approximate dollar value of shares that may yet be purchased under the plans or programs (in millions)
−Removed: September 29 - October 26, 2024 — $ — — $ 50.1
−Removed: October 27 - November 23, 2024 — — — 50.1
−Removed: November 24 - December 28, 2024 243,450 41.22 243,450 40.0
+Added: December 29 - January 25, 2025 — $ — — $ 40.0
+Added: January 26 - February 22, 2025 299,877 35.89 299,877 29.2
+Added: February 23 - March 29, 2025 259,475 35.67 259,475 20.0
Total 559,352 559,352
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.