3 unchanged sentences
Our Class B common stock is not registered with the SEC nor traded on any exchange.
−Removed: As of December 31, 2021, we held 100% of our Class B common stock in treasury so it is no longer outstanding.
+Added: We hold 100% of our Class B common stock in treasury and thus here are no Class B shares outstanding.
The number of stockholders of record as of March 7, 2023 was as follows:
3 unchanged sentences
We have never paid cash dividends on our Class A or B common stock and do not expect to pay cash dividends in the foreseeable future, as it is our policy to retain earnings for use in the operation and expansion of our business.
−Removed: Company Purchases of Equity Securities.
−Removed: We did not repurchase any shares of our Class A common stock during the fourth quarter of 2021.
−Removed: See Part III.
−Removed: Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters for equity compensation plan information.
−Removed: PERFORMANCE COMPARISON
−Removed: The following graph compares, for the five-year period ended December 31, 2021, the change in the Company’s cumulative total stockholder return on its Class A common stock to that of the NYSE Composite and NASDAQ Insurance indexes.
−Removed: The graph assumes a $100 investment on December 31, 2016, and reinvestment of all dividends in each of the Company’s Class A common stock, the NYSE Composite and the NASDAQ Insurance Index.
−Removed: Note that historical stock price performance is not necessarily indicative of future stock price performance.
−Removed: 2016 2017 2018 2019 2020 2021
−Removed: Citizens, Inc.
−Removed: $ 100.00 74.85 76.58 68.74 58.35 54.07
−Removed: NYSE Composite $ 100.00 118.73 108.10 135.68 145.16 175.18
−Removed: NASDAQ Insurance $ 100.00 113.68 102.76 136.99 137.65 158.73
−Removed: December 31, 2021 | 10-K 30
−Removed: CITIZENS, INC.
+Added: Securities Authorized for Issuance Under Equity Compensation Plans.
+Added: See Item 15, Note 11 Stock Compensation for equity compensation plan information.
+Added: Recent Sales of Unregistered Securities;
+Added: Use of Proceeds.
+Added: Issuer Purchases of Equity Securities.
+Added: In May 2022, the Board of Directors authorized an equity repurchase plan for up to $8.0 million.
+Added: The timing of any share repurchases under the repurchase authorization is dependent upon several factors, including market price of the Company's securities, the Company’s cash on hand, cash flows from operations, general market conditions, the Company's blackout periods, and other considerations.
+Added: This program has no set termination date and may be suspended or discontinued by the Company’s Board of Directors at any time.
+Added: The Company purchased the following shares of its Class A common stock during the three months ended December 31, 2022.
+Added: Period Total Number of Shares Purchased
+Added: Average Price Paid Per Share
+Added: Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs
+Added: Approximate Dollar Value of Shares that May Yet be Purchased Under the Plans or Programs [2]
+Added: October 2022 — $ — —
+Added: November 2022 56,354 3.3800 56,354
+Added: December 2022 127,831 2.5475 127,831
+Added: Total 184,185 184,185 $ 5,300,000
+Added: [1] The stock repurchase program was publicly announced on May 10, 2022.
+Added: [2] The Company was authorized to repurchase up to $8.0 million of its outstanding shares of Class A common stock.
+Added: [3] The stock repurchase program does not have an expiration date.
+Added: [4] No stock repurchase program has expired during the three months ended December 31, 2022.
+Added: [5] There is no stock repurchase program that the Company has determined to terminate prior to expiration, or under which the Company does not intend to make further purchases.
December 31, 2022 | 10-K 27
1 unchanged sentence
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.