−Removed: There have been no material changes to the risk factors set forth in Item 1A under the heading “Risk Factors” in our Annual Report on Form 10-K for the fiscal year ended September 30, 2021.
+Added: Except as set forth below, there have been no material changes to the risk factors set forth in Item 1A under the heading “Risk Factors” in our Annual Report on Form 10-K for the fiscal year ended September 30, 2021.
+Added: Our business, financial condition and results of operations could be adversely affected by disruptions in the global economy caused by the ongoing conflict between Russia and Ukraine.
+Added: The global economy has been negatively impacted by the military conflict between Russia and Ukraine.
+Added: Furthermore, governments in the United States, United Kingdom and European Union have each imposed export controls on certain products and financial and economic sanctions on certain industry sectors and parties in Russia.
+Added: Although we do not have significant customers or suppliers in Russia or Ukraine, we do have customers and suppliers in surrounding regions which may be affected.
+Added: Further escalation of Russian-Ukraine military conflict and geopolitical tensions related to such military conflict, including increased trade barriers or restrictions on global trade, could result in, among other things, cyber attacks, supply disruptions, lower consumer demand, and changes to foreign exchange rates and financial markets, any of which may adversely affect our business, financial condition and results of operations.
+Added: In addition, the effects of the ongoing conflict could heighten many of our known risks described in section entitled "Risk Factors"
+Added: in Part I, Item 1A in our Annual Report on Form 10-K for the fiscal year ended September 30, 2021 filed with the SEC on December 9, 2021.
+Added: Purchases of equity securities
+Added: On February 8, 2011, the Board of Directors authorized the Company to purchase up to 250 thousand additional shares of the Company's outstanding common stock at market price.
+Added: The plan does not expire.
+Added: As of May 14, 2020, we suspended our stock repurchase program until further economic clarity.
+Added: The Board of Directors approved the activation of the suspended stock repurchase program on December 29, 2021.
+Added: The Company repurchased approximately 13 thousand shares of its outstanding common stock on the open market during the three months ended March 31, 2022.
+Added: As of March 31, 2022, approximately 181 thousand shares remain authorized to repurchase under the stock repurchase program
+Added: Common stock of CSP Inc.
+Added: may be repurchased on the open market at the discretion of management.
+Added: Open market repurchases will be made in compliance with the Securities and Exchanges Commission’s Rule 10b-18 in addition to complying with applicable legal and other considerations.
+Added: Below are the purchases that have been made for the three months ended March 31, 2022.
+Added: Total number of shares purchased
+Added: Average price paid per share
+Added: Total number of shares purchased as part of publicly announced plans (1)
+Added: Maximum number that may yet be purchased under the repurchase plan
+Added: January 1-31, 2022
+Added: February 1-28, 2022
+Added: March 1-31, 2022
+Added: (1) On December 29, 2021, the Company announced the commencement of purchases under our stock repurchase program, which was originally authorized and announced February 8, 2011.
+Added: This program originally allowed the Company to purchase up to 250,000 shares of its Common Stock.
+Added: As of the December 29, 2021 announcement, 194,125 shares of Common Stock were available to be repurchased under the stock repurchase program.
+Added: The program does not expire.
+Added: The stock repurchase program may be suspended, terminated, or modified at any time for any reason.
Rule 13(a)-14(a) / 15d-14(a) Certification of Chief Executive Officer
1 unchanged sentence
Section 1350 Certifications of Chief Executive Officer and Chief Financial Officer
−Removed: Interactive Data Files regarding (a) our Condensed Consolidated Balance Sheets as of December 31, 2021 and September 30, 2021, (b) our Condensed Consolidated Statements of Income (Loss) for the three months ended December 31, 2021 and 2020, (c) our Condensed Consolidated Statements of Comprehensive Income (Loss) for the three months ended December 31, 2021 and 2020, (d) our Condensed Consolidated Statement of Shareholders’ Equity for the three months ended December 31, 2021 and 2020, (e) our Condensed Consolidated Statements of Cash Flows for the three months ended December 31, 2021 and 2020 and (f) the Notes to such Condensed Consolidated Financial Statements.
+Added: The following financial statements for the Company’s Quarterly Report on Form 10-Q for the quarter ended March 31, 2022 formatted in eXtensible Business Reporting Language (XBRL) (a) our Condensed Consolidated Balance Sheets as of March 31, 2022 and September 30, 2021, (b) our Condensed Consolidated Statements of Income (Loss) for the three and six months ended March 31, 2022 and 2021, (c) our Condensed Consolidated Statements of Comprehensive Income (Loss) for the three and six months ended March 31, 2022 and 2021, (d) our Condensed Consolidated Statement of Shareholders’ Equity for the three and six months ended March 31, 2022 and 2021, (e) our Condensed Consolidated Statements of Cash Flows for the six months ended March 31, 2022 and 2021 and (f) the Notes to such Condensed Consolidated Financial Statements.
+Added: The cover page from this Quarterly Report on Form 10-Q for the quarter ended March 31, 2022, formatted in inline XBRL.
* Filed Herewith
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.
−Removed: February 9, 2022
/s/ Victor Dellovo
2 unchanged sentences
President and Director
−Removed: February 9, 2022
Chief Financial Officer
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.