−Removed: Unregistered Sales of Equity Securities, Use of Proceeds, and Issuer Purchases of Equity Securities
−Removed: Repurchases of Equity Securities
−Removed: Stock Repurchase Plans —Our Board approved a stock repurchase program that permits the Company to repurchase our common stock.
−Removed: Management has discretion in determining the conditions under which shares may be purchased from time to time.
−Removed: 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.
−Removed: Share repurchases may be made in the open market or in privately negotiated transactions.
−Removed: The repurchase authorization does not oblige us to acquire any particular amount of our common stock.
−Removed: The Board may suspend, modify, or terminate the repurchase program at any time without prior notice.
−Removed: The following tables reflect purchases of the Company's common stock pursuant to the Company's stock repurchase plans and reflect the related stock repurchase plans, both of which were approved by the Board:
+Added: Unregistered Sales of Equity Securities and Use of Proceeds
+Added: Stock Repurchase Plans - During the three months ended March 31, 2024, the Company had no stock repurchases pursuant to any stock repurchase plans.
+Added: As of March 31, 2024, the Company had no stock repurchase plans, and all previously approved stock repurchase plans have expired in accordance with their terms.
+Added: Stock Repurchases Pursuant to the 2022 Omnibus Equity Award Plan, as Amended and Restated —Under the 2022 Omnibus Equity Award Plan, as Amended and Restated (as defined below), and as further described in note 12 to the condensed consolidated financial statements, the Company repurchases its common stock withheld for income tax from the vesting of employee restricted stock or Performance-Based Restricted Stock Units (“PSUs”).
+Added: The Company remits the value, which is based on the closing share price on the vesting date, of the common stock withheld to the appropriate tax authority on behalf of the employee and the related shares become treasury stock.
+Added: Stock repurchases during the three months ended March 31, 2024 were as follows:
Period (a) Total Number of Shares Purchased (1)
(b) Average Price Paid per Share (2)
−Removed: (c) Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs (3)
−Removed: (d) Approximate Dollar Value of Shares that May Yet Be Purchased Under the Plans or Programs
−Removed: July 1 through July 31, 2023 112,118 $ 3.71 — $ 4,796,796
−Removed: August 1 through August 31, 2023 — $ — — $ 4,796,796
−Removed: September 1 through September 30, 2023 22,123 $ 3.85 — $ 4,796,796
+Added: (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: January 1 through January 31, 2024 547,760 $ 2.55 — $ —
+Added: February 1 through February 29, 2024 98,528 $ 2.10 — $ —
+Added: March 1 through March 31, 2024 — $ — — $ —
Total 646,288 — $ —
−Removed: (1) Total number of shares purchased includes shares withheld to satisfy employee income tax obligations upon the vesting of restricted stock awards.
−Removed: (2) Average price paid per share includes costs associated with the repurchases.
−Removed: (3) Total number of shares purchased as part of publicly announced plans or programs includes shares purchased under our stock repurchase plans described above.
−Removed: As noted above, the stock repurchase plans approved by the Board are presented in the table immediately following.
−Removed: February 2021 to June 2022 (1)
−Removed: February 2022 to February 2023 (2)
−Removed: February 2023 to February 2024 (3)
−Removed: Approval Date February 2021 February 2022 February 2023
−Removed: Authorized Repurchase Amount of Common Stock $20 million $15 million $10 million
−Removed: (1) During the second quarter of 2021, the Company amended its $8.0 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.
−Removed: 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.
−Removed: (2) During February 2023, the $15.0 million stock repurchase program approved in February 2022 expired with a total of 2.6 million shares purchased for $14.7 million.
−Removed: (3) On February 9, 2023, the Company announced that its Board approved a new stock repurchase program that permits the purchase of up to $10.0 million of the Company's common stock through February 2024.
+Added: (1) Total number of shares purchased includes shares withheld to satisfy employee income tax obligations upon the vesting of stock awards.
+Added: (2) Average price paid per share for shares purchased as part of a publicly announced plan or program includes costs associated with the repurchases.
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.