2 unchanged sentences
Our common stock is listed on the NYSE under the ticker symbol “DHX”.
−Removed: We have not listed our stock on any other markets or exchanges.
−Removed: Prior to July 18, 2007, there was no public market for our common stock.
As of December 31, 2022, there were 19 stockholders of record of our common stock.
5 unchanged sentences
Accordingly, we do not anticipate paying periodic cash dividends on our stock for the foreseeable future.
−Removed: Furthermore, we are restricted by our Credit Agreement in the amount of cash dividends that we can pay.
−Removed: The payment of any future dividends will be at the discretion of our board of directors and subject to the Credit Agreement and will depend upon, among other things, future earnings, operations, capital requirements, our general financial condition, contractual restrictions and general business conditions.
−Removed: Repurchases of Equity Securities
+Added: Furthermore, our Credit Agreement restricts the amount of cash dividends that we can pay.
+Added: The payment of any future dividends will be at the discretion of our board of directors and subject to the Credit Agreement and will depend upon, among other things, future earnings, operations, capital requirements, our general financial condition, compliance with covenants under any then-existing financing agreements, contractual restrictions and general business conditions.
+Added: Purchases of Equity Securities by the Issuer
Our board of directors approved a stock repurchase program that permitted the Company to repurchase our common stock.
The following table summarizes the stock repurchase plans approved by the board of directors:
−Removed: May 2018 to May 2019 May 2019 to May 2020 May 2020 to May 2021 (1)
+Added: May 2019 to May 2020 May 2020 to May 2021 (1)
February 2021 to June 2022 (2)
−Removed: Approval Date May 2018 April 2019 May 2020 February 2021
+Added: February 2022 to February 2023 (3)
+Added: Approval Date April 2019 May 2020 February 2021 February 2022
Authorized Repurchase Amount of Common Stock $7 million $5 million $20 million $15 million
1 unchanged sentence
(2) During the second quarter of 2021, the Company ended its $8 million stock repurchase program approved in February 2021 and allowed for the purchase of an additional $12.0 million of our common stock through June 2022, bringing total authorized purchases under the plan to $20.0 million.
+Added: During the first quarter of 2022, the Company completed its purchases under the plan, which consisted of approximately 4.4 million shares for $20.0 million, effectively ending the plan prior to its original expiration date.
+Added: (3) On February 15, 2022, the Company announced that its Board of Directors approved a new stock repurchase program that permits the purchase of up to $15.0 million of the Company's common stock through February 2023.
Under each plan, management has discretion in determining the conditions under which shares may be purchased from time to time.
+Added: Subsequent to December 31, 2022, the Company's Board of directors announced a new stock repurchase program that permits the repurchase of up to $10 million of the Company's common stock through February 2024.
During the three months ended December 31, 2022, purchases of our common stock pursuant to the Stock Repurchase Plans were as follows:
−Removed: Period (a) Total Number of Shares Purchased [1] (b) Average Price Paid per Share [2] (c) Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs (d) Approximate Dollar Value of Shares that May Yet Be Purchased Under the Plans or Programs
+Added: Period (a) Total Number of Shares Purchased [1] (b) Average Price Paid per Share [2] (c) Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs [3] (d) Maximum Dollar Value of Shares that May Yet Be Purchased Under the Plans or Programs
October 1 through October 31, 2022 207,759 $ 5.88 207,759 $ 4,430,601
4 unchanged sentences
[2] Average price paid per share includes costs associated with the repurchases.
+Added: [3] On February 15, 2022, the Company announced that its Board of Directors approved a new stock repurchase program that permits the purchase of up to $15.0 million of the Company's common stock through February 2023.
+Added: The number, price, structure, and timing of the repurchases, if any, will be at our sole discretion and future repurchases will be evaluated by us depending on market conditions, liquidity needs, restrictions under the agreements governing our indebtedness, and other factors.
+Added: Share repurchases may be made in the open market or in privately negotiated transactions.
+Added: The repurchase authorization does not oblige us to acquire any particular amount of our common stock.
+Added: The Board of Directors may suspend, modify, or terminate the repurchase program at any time without prior notice.
Performance Graph
8 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.