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We intend to retain our future earnings, if any, for use in the operation and expansion of our business, payment of our outstanding debt and for our stock repurchase program.
−Removed: In addition, our current revolving credit agreement and the indenture and loan agreement governing our other outstanding debt limit the amount we could pay as cash dividends on or for repurchase of our common stock.
+Added: In addition, our current revolving credit agreement and the indentures and loan agreement governing our other outstanding debt limit the amount we could pay as cash dividends on or for repurchase of our common stock.
For additional information surrounding our stock repurchase program, see Note 15, "Stockholders' Equity," to our consolidated financial statements included in Item 8 of this report.
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During the three months ended December 31, 2022, no shares were repurchased under the Rule 10b5-1 plan.
−Removed: Future repurchases will also be made as open market or privately negotiated transactions as described above.
+Added: Future repurchases may be made as open market or privately negotiated transactions as described above.
We have no obligation to repurchase stock under this program and may suspend or terminate the repurchase program at any time.
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AMONG CLEAN HARBORS, INC.,
−Removed: NYSE COMPOSITE INDEX, S&P MIDCAP 400 INDEX, REFUSE SYSTEMS AND CUSTOM PEER GROUP
+Added: NYSE COMPOSITE INDEX, S&P MIDCAP 400 INDEX, REFUSE SYSTEMS AND CUSTOM PEER GROUPS
Performance Graph
−Removed: The following graph compares the five-year return from investing $100 in each of our common stock, the NYSE Composite Index, the S&P Midcap 400 Index, and a custom peer group.
−Removed: We selected a custom peer group that closely aligns with the breadth and size of our business.
−Removed: This peer group is comprised of American Water Works Company, Inc., Casella Waste Systems, Inc., Civeo Corporation, Covanta Holding Corporation, Heritage-Crystal Clean, Inc., Iron Mountain Incorporated, Newpark Resources, Inc., Oil States International, Inc., Republic Services, Inc., Stericycle, Inc., Superior Energy Services, Inc., US Ecology, Inc., and Waste Management, Inc.
+Added: The following graph compares the five-year return from investing $100 in each of our common stock, the NYSE Composite Index, the S&P Midcap 400 Index, and two custom peer groups.
+Added: In 2022, we reassessed our peers to maintain a group that closely aligns with the breadth and size of our current operations.
+Added: As a result of this assessment, we established the following group as Peer Group (New):
+Added: ABM Industries Incorporated, Advanced Drainage Systems, Inc., Chemed Corporation, Darling Ingredients, Inc., Emcor Group, Inc., GFL Environmental, Inc., Harsco Corporation, Healthcare Services Group, Inc., Heritage-Crystal Clean, Inc., Huntsman Corporation, Iron Mountain Incorporated, KBR, Inc, Quanta Services, Inc., Republic Services, Inc., Rollins, Inc., Stericycle, Inc., Tetra Tech, Inc., Waste Connections, Inc., and Waste Management, Inc.
+Added: We had previously established our Peer Group in 2018 which comprised of the following group, included in the graph below as Peer Group (Old):
+Added: American Water Works Company, Inc., Casella Waste Systems, Inc., Civeo Corporation, Covanta Holding Corporation, Heritage-Crystal Clean, Inc., Iron Mountain Incorporated, Newpark Resources, Inc., Oil States International, Inc., Republic Services, Inc., Stericycle, Inc., Superior Energy Services, Inc.
+Added: and Waste Management, Inc.
+Added: US Ecology had previously been in Peer Group Old, however was acquired by Republic Services in 2022 so is no longer listed.
+Added: In accordance with the rules of the SEC, the performance graph presents both peer group indices in the year of the change.
+Added: In future Annual Reports of Form 10-K, we expect to report only on Peer Group (New), and not the Peer Group (Old), in the performance graph, which we believe best illustrates a relevant peer index to the Company's current operations.
The values illustrated assume reinvestment of dividends on the ex-dividend date and compares relative performance since a particular starting date.
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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.