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 Exchange Act.
+Added: On August 5, 2025, the Board of Directors of the Company authorized and approved a second share repurchase program for up to $100 million of outstanding shares of the Company’s common stock, expiring January 1, 2028.
+Added: Under both share repurchase programs, 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.
The Board of Directors also authorized the Company to enter into written trading plans pursuant to Rule 10b5-1 under the Exchange Act.
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.
−Removed: 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: 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.
The timing, manner, price, and number of shares to be repurchased will be at the discretion of Company management.
−Removed: The repurchase program does not obligate Blue Bird to acquire any specific amount of securities and can be modified or terminated at any time without notice.
−Removed: 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 June 28, 2025, was as follows:
+Added: The repurchase programs do not obligate Blue Bird to acquire any specific amount of securities and can be modified or terminated at any time without notice.
+Added: Repurchases under these programs are expected to be funded from one or a combination of existing cash balances, future free cash flow, or indebtedness.
+Added: Share repurchase activity under the share repurchase programs, on a trade date basis, for each fiscal month in the quarter ended December 27, 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: March 30 - April 26, 2025 73,400 $ 34.08 73,400 $ 17.5
−Removed: April 27 - May 24, 2025 70,150 36.17 70,150 15.0
−Removed: May 25 - June 28, 2025 101,699 38.36 101,699 11.1
+Added: September 28 - October 25, 2025 — $ — — $ 110.5
+Added: October 26 - November 22, 2025 169,762 51.28 169,762 101.8
+Added: November 23 - December 27, 2025 120,986 51.69 120,986 95.6
Total 290,748 290,748
(1) Average price paid per share includes costs associated with the repurchases, except for the cost of any associated excise tax.
−Removed: (2) All share repurchases were made under the $60.0 million repurchase program approved on January 31, 2024 and announced on February 1, 2024 that expires on January 31, 2026.
+Added: (2) All share repurchases were made under either the (i) $60.0 million repurchase program approved on January 31, 2024 that expires on January 31, 2026 or (ii) $100.0 million repurchase program approved on August 5, 2025 that expires on January 1, 2028.
+Added: The share repurchases during the three months ended December 27, 2025 resulted in the Company utilizing all $60.0 million that was authorized under the initial share repurchase program prior to its expiration date.
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.