4 unchanged sentences
As of May 8, 2023, there were 38,901 holders of record of our common stock.
−Removed: The Board of Directors (the “Board”) indefinitely suspended the Company’s cash dividend payment beginning in the first quarter of fiscal 2021.
+Added: The Board indefinitely suspended the Company’s cash dividend payment beginning in the first quarter of fiscal 2021.
Issuer Purchases of Equity Securities
4 unchanged sentences
Part of Publicly
−Removed: Announced Plans or Programs (1)
+Added: Announced Plans or Programs Approximate
of Shares that
4 unchanged sentences
March 1, 2023 to March 31, 2023 8,460,167 $ 24.96 8,460,167 $ 475,271,849
−Removed: On April 3, 2017, we announced the establishment of a share repurchase plan approved by the Board of Directors with an initial authorization of $2.0 billion for future repurchases of outstanding shares of our common stock.
−Removed: On November 8, 2018, our Board of Directors approved an incremental $2.0 billion share repurchase authorization.
−Removed: On February 2, 2022, we announced our intention to repurchase incrementally up to $1.0 billion of our outstanding shares of common stock in the open market.
−Removed: An expiration date has not been established for this repurchase plan.
−Removed: Share repurchases may be made from time to time through various means, including in open market purchases, 10b5-1 plans, privately-negotiated transactions, accelerated stock repurchases, block trades and other transactions, in compliance with Rule 10b-18 under the Exchange Act as well as, to the extent applicable, other federal and state securities laws and other legal requirements.
+Added: Total 13,522,181 $ 26.32 13,522,181
+Added: On April 3, 2017, we announced the establishment of a share repurchase plan approved by the Board with an initial authorization of $2.0 billion for future repurchases of outstanding shares of our common stock.
+Added: On November 8, 2018, our Board approved an incremental $2.0 billion share repurchase authorization.
+Added: Under these approved share repurchase plans, on February 2, 2022, we announced our intention and subsequently completed the repurchase of $1.0 billion of our outstanding shares of common stock in the open market prior to the issuance of this Annual Report on Form 10-K.
+Added: On May 18, 2023, DXC announced that its Board approved an incremental $1.0 billion share repurchase authorization.
+Added: Share repurchases may be made from time to time through various means, including in open market purchases, 10b5-1 plans, privately-negotiated transactions, accelerated stock repurchases, block trades and other transactions, in compliance with Rule 10b-18 under the Exchange Act of 1934, as amended, as well as, to the extent applicable, other federal and state securities laws and other legal requirements.
The timing, volume, and nature of share repurchases pursuant to the share repurchase plan are at the discretion of management and may be suspended or discontinued at any time.
+Added: On August 16, 2022, the U.S.
+Added: government enacted the Inflation Reduction Act (the "IRA") into law.
+Added: The IRA imposes a 1% excise tax on share repurchases completed after December 31, 2022.
+Added: We reflect the excise tax within equity as part of the repurchase of the common stock.
See Note 16 - "Stockholders' Equity" for more information.
Performance Graph
−Removed: The following graph shows a comparison from April 3, 2017 (the date our common stock commenced trading on the NYSE) through March 31, 2022 of the cumulative total return for our common stock, the Standard & Poor’s 500 Stock Index ("S&P 500 Index") and the Standard & Poor’s North American Technology Index ("S&P North American Technology Index").
−Removed: The graph assumes that $100 was invested at the market close on April 3, 2017 in our common stock, the S&P 500 Index, and the S&P North American Technology Index and that dividends have been reinvested.
+Added: The following graph compares the cumulative return on our common stock for the most recent five years, with the cumulative return on the Standard & Poor’s 500 Stock Index ("S&P 500 Index") and the Standard & Poor’s North American Technology Index ("S&P North American Technology Index").
+Added: The graph assumes that $100 was invested at the market close on April 2, 2018 (the first trading day of fiscal 2019) in our common stock, the S&P 500 Index, and the S&P North American Technology Index and that dividends have been reinvested.
The stock price performance of the following graph is not necessarily indicative of future stock price performance.
−Removed: Comparison of Cumulative Total Return
−Removed: The following table provides indexed returns assuming $100 was invested on April 3, 2017, with annual returns using our fiscal year-end date.
−Removed: Indexed Return
−Removed: Return 2018* Return 2019 Return 2020 Return 2021 Return 2022
+Added: Comparison of Five Year Cumulative Total Return
+Added: The following table provides total shareholder returns assuming $100 was invested on April 2, 2018, with annual returns using our fiscal year-end date:
+Added: Company/Market/Peer Group 2019 2020 2021 2022 2023
DXC Technology Company (24.6) % (77.7) % 127.6 % 4.2 % (20.7) %
1 unchanged sentence
S&P North American Technology Index 19.0 % 3.8 % 72.0 % 8.7 % (11.7) %
−Removed: * Since April 3, 2017
Equity Compensation Plans
−Removed: See Part III, Item 12 of this Annual Report for information regarding our equity compensation plans.
+Added: See Part III, Item 12 of this Annual Report on Form 10-K for information regarding our equity compensation plans.
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.