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Our stock is listed on the Nasdaq under the symbol “DRS.”
−Removed: We do not currently pay quarterly cash dividends.
−Removed: Such payments are at the discretion of our Board and will depend upon our financial condition, results of operations, capital requirements, alternative uses of capital and other factors that our Board may consider at its discretion.
−Removed: See Part II, Item 7, “ Management’s Discussion and Analysis of Financial Condition and Results of Operations ” included in this Report.
+Added: On February 20, 2025, the Company announced that its Board of Directors approved a cash dividend which will be paid on March 27, 2025.
+Added: This payment and any future payments are at the discretion of our Board and will depend upon our financial condition, results of operations, capital requirements, alternative uses of capital and other factors that our Board may consider at its discretion.
+Added: See Part II, Item 7, “ Management’s Discussion and Analysis of Financial Condition and Results of Operations ” included in this Annual Report.
Holders of Common Stock
−Removed: The Transfer Agent and Registrar for our common stock is American Stock Transfer LLC located at 6201 15th Avenue, Brooklyn, NY 11219.
+Added: The Transfer Agent and Registrar for our common stock is Equiniti Trust Company, LLC located at 48 Wall Street, Floor 23, New York, NY 10005.
As of February 28, 2025, there were 48 registered holders of record of our common stock.
Common Stock Share Repurchase Program
−Removed: We do not currently have a common stock share repurchase program.
+Added: On February 20, 2025, the Company announced that its Board of Directors approved a share repurchase program that allows the Company to purchase up to $75 million of its outstanding common stock through March 4, 2027, subject to market conditions.
+Added: All repurchased shares are expected to be retired.
Performance Graph
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.