1 unchanged sentence
Stock Repurchases
−Removed: The following table summarizes stock repurchases for the three months ended September 30, 2021:
+Added: The following table summarizes stock repurchases for the three months ended March 31, 2022:
ISSUER PURCHASES OF EQUITY SECURITIES
Period Total Number of Shares Purchased Average Price Paid per Share Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs (1) Maximum Number of Shares that May Yet Be Purchased Under the Plans or Programs (1)
−Removed: July 1 to July 31, 2021 364,963 $ 454.67 364,963 1,153,142
−Removed: August 1 to August 31, 2021 406,680 566.33 406,680 746,462
−Removed: September 1 to September 30, 2021 514,603 598.20 514,603 2,231,859
+Added: January 1 to January 31, 2022 — $ — — 1,625,550
+Added: February 1 to February 28, 2022 320,260 (2) 537.90 318,515 1,307,035
+Added: March 1 to March 31, 2022 483,475 518.51 483,475 823,560
803,735 $ 526.24 801,990
−Removed: (1) On March 5, 2020, our board of directors authorized the repurchase by us from time to time up to three million shares of our common stock (the "March 2020 Authorization").
−Removed: The March 2020 Authorization, which was announced on March 11, 2020, does not have a specified expiration date.
−Removed: On September 28, 2021, our board of directors authorized the repurchase by us from time to time of up to two million shares of our common stock (the "September 2021 Authorization") in addition to the March 2020 Authorization.
+Added: (1) On September 28, 2021, o ur board of directors authorized the repurchase by us from time to time of up to two million shares of our common stock (the "September 2021 Authorization").
The September 2021 Authorization, which was announced on October 1, 2021, does not have a specified expiration date.
−Removed: Repurchases under the March 2020 Authorization and the September 2021 Authorization may be made in the open market, through privately negotiated transactions, through block trades, pursuant to trading plans adopted in accordance with Rule 10b5‑1 under the Securities Exchange Act of 1934 or otherwise.
−Removed: First Amendment to Loan and Security Agreement, dated as of September 1, 2021, by and among the Company, CAC Warehouse Funding LLC VIII, Citizens Bank, N.A.
−Removed: and Wells Fargo Bank, National Association (incorporated by reference to Exhibit 4.119 to the Company’s Current Report on Form 8 K filed September 8, 2021).
−Removed: Eighth Amendment to Sixth Amended and Restated Credit Agreement and Extension Agreement, dated as of October 6, 2021, by and among the Company, Comerica Bank and the other banks signatory thereto and Comerica Bank, as administrative agent for the banks (incorporated by reference to Exhibit 4.120 to the Company’s Current Report on Form 8‑K filed October 12, 2021).
−Removed: Third Amendment to Loan and Security Agreement, dated as of October 15, 2021, among the Company, CAC Warehouse Funding LLC VI and Flagstar Bank, fsb (incorporated by reference to Exhibit 4.121 to the Company’s Current Report on Form 8‑K filed October 21, 2021).
−Removed: Settlement Agreement and Assurance of Discontinuance (incorporated by reference to Exhibit 10.19 to the Company’s Current Report on Form 8 K filed September 1, 2021).
+Added: Repurchases under the September 2021 Authorization may be made in the open market, throug h privately negotiated transactions, through block trades, pursuant to trading plans adopted in accordance with Rule 10b5‑1 under the Securities Exchange Act of 1934 or otherwise.
+Added: (2) Amount includes 1,745 shares of common stock released to us by team members as payment of tax withholdings upon the conversion of restricted stock units to common stock and the vesting of restricted stock and restricted stock units.
+Added: Amended and Restated Bylaws (incorporated by reference to the Company’s Current Report on Form 8‑K filed March 7, 2022).
+Added: Description of Common Stock of Credit Acceptance Corporation.
Certification of principal executive officer and principal financial officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.
10 unchanged sentences
CREDIT ACCEPTANCE CORPORATION
−Removed: Senior Vice President - Finance & Accounting
+Added: Senior Vice President, Finance and Accounting
(Chief Accounting Officer)
−Removed: November 1, 2021
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.