4 unchanged sentences
As of March 18, 2024, there were 191 holders of record of our Class A common shares and 12 holders of record of our Class B common shares.
−Removed: Th e number of holders of record is based upon the actual number of holders registered at such date and does not include holders of shares in "street names" or persons, partnerships, associates, corporations, or other entities identified in security position listings maintained by depositories.
−Removed: The payment of any future dividends is at the discretion of our Board of Directors and is based on our future earnings, cash flow, financial condition, capital requirements, changes in taxation laws, general economic condition, and any other relevant factors.
−Removed: It is anticipated that dividends will be declared on a quarterly basis.
−Removed: On March 15, 2023, the Board of Directors declared a quarterly cash dividend payment of $0.05 per share for both Class A and Class B common shares.
+Added: The number of holders of record is based upon the actual number of holders registered at such date and does not include holders of shares in "street names" or persons, partnerships, associates, corporations, or other entities identified in security position listings maintained by depositories.
+Added: The payment of any future dividends is at the discretion of our Board and is based on our future earnings, cash flow, financial condition, capital requirements, changes in taxation laws, general economic condition, and any other relevant factors.
+Added: We anticipate declaring dividends on a quarterly basis.
+Added: On March 14, 2024, the Board declared a quarterly cash dividend payment of $0.05 per share for both Class A and Class B common shares.
The dividend will be paid on April 12, 2024 to shareholders of record as of the close of business on March 29, 2024.
SHARE REPURCHASE PROGRAM
−Removed: On August 17, 2017, the Board of Directors authorized the repurchase of an additional $500 million of Class A common shares under our share repurchase program, which was added to the $33.5 million remaining from the previous authorization.
−Removed: A s of January 28, 2023 , $187.4 million of Class A common shares remained available for repurchase under the program.
+Added: On August 17, 2017, the Board authorized the repurchase of an additional $500.0 million of Class A common shares under our share repurchase program, which was added to the $33.5 million remaining from the previous authorization.
+Added: A s of February 3, 2024 , $87.7 million of Class A common shares remained available for repurchase under the program.
The share repurchase program may be suspended, modified or discontinued at any time, and we have no obligation to repurchase any amount of our Class A common shares under the program.
Shares will be repurchased in the open market at times and in amounts considered appropriate based on price and market conditions.
+Added: The following table sets forth the Class A common shares repurchased during the three months ended February 3, 2024:
(in thousands, except per share amounts) (a)
−Removed: Total Number of Shares Purchased (b)
+Added: Total Number of Shares Purchased (1)
Average Price Paid per Share (c)
2 unchanged sentences
October 29, 2023 to November 25, 2023 55 $ 10.07 — $ 87,677
−Removed: 6 $ 14.61 — $ 187,386
November 26, 2023 to December 30, 2023 78 $ 8.80 — $ 87,677
−Removed: January 1, 2023 to January 28, 2023 (1)
−Removed: 1 $ 9.09 — $ 187,386
+Added: December 31, 2023 to February 3, 2024 59 $ 8.42 — $ 87,677
(1) The total number of shares repurchased represents shares withheld in connection with tax payments due upon vesting of employee restricted stock awards.
−Removed: The ABL Revolver contains customary covenants restricting our activities, including limitations on the ability to pay dividends or repurchase stock.
+Added: The ABL Revolver and the Term Loan contain customary covenants restricting our activities, including limitations on the ability to pay dividends or repurchase stock.
There are specific exceptions to these covenants including, in some cases, upon satisfying specified payment conditions based on availability.
2 unchanged sentences
The comparison of the cumulative total returns for each investment assumes that $100 was invested on February 2, 2019 and that all dividends were reinvested.
−Removed: This comparison includes the period beginning February 3, 2018 and ended January 28, 2023.
−Removed: Company / Index February 3, 2018 February 2, 2019 February 1, 2020 January 30, 2021 January 29, 2022 January 28, 2023
+Added: This comparison includes the period beginning February 2, 2019 and ended February 3, 2024.
+Added: Company / Index February 2, 2019 February 1, 2020 January 30, 2021 January 29, 2022 January 28, 2023 February 3, 2024
Designer Brands Inc.
3 unchanged sentences
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.