1 unchanged sentence
Market Information
−Removed: Our common stock IPO was completed on April 23, 2018 and our stock is listed on the NYSE under the trading symbol “EAF.”
−Removed: As of December 31, 2020, there were three holders of record of our common stock.
+Added: Our common stock is listed on the NYSE under the trading symbol “EAF.”
+Added: As of December 31, 2021, there were 12 registered holders of record of our common stock.
+Added: A substantially greater number of holders of our common stock are “street name” or beneficial holders, whose shares of record are held by banks, brokers, and other financial institutions.
Dividend Policies and Restrictions
7 unchanged sentences
The table below sets forth the information on a monthly basis regarding GrafTech's purchases of its common stock, par value $0.01 per share, during the fourth quarter of 2021.
+Added: Issuer Purchases of Equity Securities
Period Total Number of Shares Purchased Average Price Paid per Share Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs Approximate Dollar Value of Shares that May Yet Be Purchased Under the Plans or Programs (1)
October 1 through October 31, 2021
+Added: 364,620 $ 10.32 364,620 $ 9,030,314
November 1 through November 30, 2021
+Added: — — — 159,030,314
December 1 through December 31, 2021
+Added: — — — 159,030,314
Total 364,620 $ 10.32 364,620 $ 159,030,314
−Removed: (1) Authorization remaining pursuant to our previously announced program to repurchase, which was authorized by our Board of Directors on July 30, 2019 (the “Share Repurchase Program”).
−Removed: The Share Repurchase Program was announced on July 31, 2019 and allows for the purchase of up to $100 million of outstanding shares of our common stock from time to time on the open market, including under Rule 10b5-1 and/or Rule 10b-18 plans.
−Removed: The Share Repurchase Program has no expiration date.
−Removed: Selected Financial Data
−Removed: The data set forth below should be read in conjunction with “Management’s Discussion and Analysis of Financial Condition and Results of Operations” and the Consolidated Financial Statements and Notes thereto.
−Removed: Year Ended December 31,
−Removed: 2020 2019 2018 2017 (d)
−Removed: (in thousands, except per share amounts)
−Removed: Statement of Operations Data:
−Removed: Net sales $ 1,224,361 $ 1,790,793 $ 1,895,910 $ 550,771 $ 437,963
−Removed: Income (loss) from
−Removed: continuing operations 434,374 744,602 853,888 14,212 (108,869)
−Removed: Net income (loss) 434,374 744,602 854,219 7,983 (235,843)
−Removed: Basic and diluted earnings
−Removed: (loss) per common share:
−Removed: Income (loss) from continuing
−Removed: operations per share $ 1.62 $ 2.58 $ 2.87 $ 0.05 $ (0.36)
−Removed: Weighted average common
−Removed: shares outstanding (a) 267,916 289,057 297,748 302,226 302,226
−Removed: Dividends per common share (b) $ 0.12 $ 0.34 $ 7.71 $ — $ —
−Removed: Balance sheet data
−Removed: (at period end):
−Removed: Total assets $ 1,432,712 $ 1,526,164 $ 1,505,491 $ 1,199,103 $ 1,172,276
−Removed: Other long-term obligations (c) 81,478 72,562 72,519 68,907 82,148
−Removed: Total long-term debt 1,420,000 1,812,682 2,050,311 322,900 356,580
−Removed: Other financial data:
−Removed: Net cash provided by
−Removed: operating activities $ 563,646 $ 805,316 $ 836,603 $ 36,573 $ 22,815
−Removed: Net cash used in
−Removed: investing activities (35,696) (63,884) (67,295) (2,199) (10,471)
−Removed: Net cash used in
−Removed: financing activities (463,683) (709,631) (731,044) (32,995) (8,317)
−Removed: (a) Gives effect to the 3,022,259.23-for-1 stock split on our common stock effected on April 12, 2018.
−Removed: (b) 2018 calculated by total dividends paid of $2,294,265 divided by weighted average shares outstanding.
−Removed: $2,022,000 of these dividends were declared and paid to Brookfield prior to our IPO.
−Removed: All other dividends were declared and paid to all common stockholders.
−Removed: (c) Represents pension and post-retirement benefits and related costs and miscellaneous other long-term obligations.
−Removed: (d) 2016 and 2017 results included discontinued operations related to business units that have since been disposed.
+Added: (1) On July 31, 2019, we announced that our Board of Directors approved the repurchase of up to $100 million of our common stock in open market purchases, including under Rule 10b5-1 and/or Rule 10b-18 plans .
+Added: On November 4, 2021, we announced that our Board of Directors approved the repurchase of up to an additional $150 million of our common stock i n open market purchases, including under Rule 10b5-1 and/or Rule 10b-18 plans.
+Added: As of December 31, 2021, we are now authorized to repurchase up to $159,030,314 million in shares of our common stock, inclusive of the amount remaining under the previous authorization.
+Added: The stock repurchase program has no expiration date.
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.