Unregistered Sales of Equity Securities and Use of Proceeds.
−Removed: On March 14, 2023, the Company’s Board of Directors approved a stock repurchase program pursuant to which the Company was initially authorized to repurchase up to $15.0 million of its common stock through open market and privately negotiated transactions.
−Removed: The initial authorization was completed during the third quarter of fiscal 2023.
−Removed: Subsequent to the end of the third quarter, on November 15, 2023, the Board of Directors approved an amendment to the stock repurchase program to increase the amount authorized under the program from $15.0 million to $25.0 million, effective November 17, 2023.
−Removed: The timing and the amount of any repurchases of common stock will be determined based on the Company’s evaluation of market conditions and other factors.
−Removed: The stock repurchase program will expire on March 16, 2024, but may be suspended, terminated or modified at any time for any reason.
−Removed: Stock repurchase activity during the three months ended October 28, 2023 was as follows:
+Added: On March 14, 2023, the Company’s Board of Directors approved a stock repurchase program pursuant to which the Company was initially authorized to repurchase up to $15.0 million of its common stock through open market and privately negotiated transactions.
+Added: The stock repurchase program was amended on November 15, 2023 to increase the amount authorized under the program from $15.0 million to $25.0 million.
+Added: The Company completed the stock repurchase program in the first quarter of fiscal 2024.
+Added: Stock repurchase activity during the three months ended May 4, 2024 was as follows:
Total number of shares purchased
2 unchanged sentences
Approximate dollar value of shares that may yet be purchased under the plan (1)
−Removed: July 30, 2023 to August 26, 2023
−Removed: August 27, 2023 to September 30, 2023
−Removed: October 1, 2023 to October 28, 2023
−Removed: (1) Average price paid per share and the approximate dollar value of shares that may yet be purchased under the plan excludes the accrual of excise tax of $0.1 million as of October 28, 2023.
−Removed: (2) Reflects the additional $10.0 million authorized in November 2023, subsequent to the end of the third quarter of fiscal 2023.
+Added: February 4, 2024 to March 2, 2024
+Added: March 3, 2024 to April 6, 2024
+Added: April 7, 2024 to May 4, 2024
+Added: (1) Average price paid per share and the approximate dollar value of shares that may yet be purchased under the plan excludes the accrual of excise tax.
Defaults Upon Senior Securities.
2 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.