−Removed: MARKET FOR REGISTRANT’S COMMON EQUITY, RELATED STOCKHOLDER MATTERS, AND
−Removed: ISSUER PURCHASES OF EQUITY SECURITIES
+Added: MARKET FOR REGISTRANT’S COMMON EQUITY, RELATED STOCKHOLDER MATTERS, AND ISSUER PURCHASES OF EQUITY SECURITIES
MARKET AND STOCKHOLDERS
−Removed: Our Common Stock is traded on the Exchange, under the symbol “ELA.” As of March 11, 2022, we had 283 record holders of our Common Stock.
+Added: The Company’s Common Stock is traded on the Exchange, under the symbol “ELA.” As of March 10, 2023, we had 268 record holders of our Common Stock.
SHARE REPURCHASES AND DIVIDENDS
−Removed: We have not declared any dividends with respect to our Common Stock.
−Removed: Our intent is to retain all earnings to finance future growth;
−Removed: accordingly, it is not anticipated that cash or other dividends will be paid to holders of Common Stock in the foreseeable future.
+Added: Envela has not declared any dividends with respect to Common Stock.
+Added: Management’s intent is to retain all current earnings to finance future growth;
+Added: accordingly, it is not anticipated that cash or other dividends will be paid to the Company’s shareholders of Common Stock in the near future.
Securities authorized for issuance under equity compensation plans.
−Removed: On December 7, 2016, our shareholders approved the adoption of the 2016 Equity Incentive Plan (the “2016 Plan”), which reserved 1,100,000 shares of our Common Stock for issuance pursuant to awards issued thereunder.
+Added: On December 7, 2016, the Company’s shareholders approved the adoption of the 2016 Equity Incentive Plan (the “2016 Plan”), which reserves 1,100,000 shares of Common Stock for issuance pursuant to awards issued thereunder.
As of December 31, 2022, no awards had been made under the 2016 Plan.
3 unchanged sentences
For more information, see Note 13 to our consolidated financial statements.
−Removed: The following table summarizes our equity compensation plan information as of December 31, 2021:
+Added: The following table summarizes the equity compensation plan information as of December 31, 2022:
Plan Category
−Removed: Number of securities to be issued upon exercise of outstanding options, warrants and rights
−Removed: Weighted-average exercise price of outstanding options, warrants and rights
−Removed: Number of securities remaining available for future issuance under equity compensation plans (excluding securities reflected in column (a))
+Added: Number of securities to be
+Added: issued upon exercise of
+Added: outstanding options, warrants
+Added: Weighted-average exercise
+Added: price of outstanding options,
+Added: warrants and rights
+Added: Number of securities remaining
+Added: available for future issuance
+Added: under equity compensation
+Added: plans (excluding securities
+Added: reflected in column (a))
Equity compensation plans approved by security holders
6 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.