5 unchanged sentences
Management’s intent is to retain all current earnings to finance future growth;
−Removed: 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.
−Removed: Securities authorized for issuance under equity compensation plans.
−Removed: 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.
−Removed: As of December 31, 2022, no awards had been made under the 2016 Plan.
−Removed: The Company’s prior 2006 Equity Incentive Plan (the “2006 Plan”) expired according to its terms on December 31, 2019, and as a result no further shares may be issued under the 2006 Plan.
−Removed: No securities issued pursuant to the 2006 Plan remain issuable upon the exercise of any option, warrants or rights.
−Removed: However, 15,000 options issued pursuant to the Company’s 2004 Employee Stock Option Plan (the “2004 Employee Stock Option Plan”) remain unexercised and have no expiration date.
−Removed: For more information, see Note 13 to our consolidated financial statements.
−Removed: The following table summarizes the equity compensation plan information as of December 31, 2022:
−Removed: Plan Category
−Removed: Number of securities to be
−Removed: issued upon exercise of
−Removed: outstanding options, warrants
−Removed: Weighted-average exercise
−Removed: price of outstanding options,
−Removed: warrants and rights
−Removed: Number of securities remaining
−Removed: available for future issuance
−Removed: under equity compensation
−Removed: plans (excluding securities
−Removed: reflected in column (a))
−Removed: Equity compensation plans approved by security holders
−Removed: 1,100,000 (2)
−Removed: Equity compensation plans not approved by security holders
−Removed: (1) Represents 15,000 options issued under the 2004 Employee Stock Option Plan, which remain unexercised and have no expiration date.
−Removed: (2) The total number of securities remaining available for future issuance is solely comprised of shares of Common Stock reserved under the 2016 Plan.
−Removed: Purchases of equity securities by the issuer and affiliates purchases.
−Removed: There have been no purchases made by or on behalf of the issuer or any “affiliated purchaser,” as defined in Rule 10b-18(a)(3) of the Exchange Act of any of our equity securities during the years ended December 31, 2022 and December 31, 2021.
+Added: accordingly, management is not anticipating that cash or other dividends will be paid to the Company’s shareholders of Common Stock in the near future.
+Added: Unregistered Sales of Equity Securities
+Added: On March 14, 2023, a stock repurchase program was unanimously approved by the Company’s Board of Directors (the “Board”), that gave management authorization to purchase up to one million (1,000,000) shares of the Company’s stock, at a per-share price not to exceed $9, on the open market.
+Added: The plan expires on March 31, 2026.
+Added: The following lists the repurchase of Company shares as of December 31, 2023:
+Added: Total Number of shares
+Added: Maximum number
+Added: purchased as part of a
+Added: of shares that may
+Added: publicly announced
+Added: Average Price
+Added: yet be purchased under
+Added: Fiscal Period
+Added: plan or program (1) (2)
+Added: Paid per Share ($)
+Added: the plan or program
+Added: Beginning Balance
+Added: May 1 - 31, 2023
+Added: June 1 - 30, 2023
+Added: August 1 - 31, 2023
+Added: November 1 - 30, 2023
+Added: December 1 - 31, 2023
+Added: All shares were purchased in open-market transactions through the stock repurchase program approved by the Board on March 14, 2023, for the repurchase of up to one million shares of the Company’s common stock.
+Added: The stock repurchase program was publicly announced on May 3, 2023, and expires March 31, 2026.
+Added: Repurchases under the stock repurchase program began on May 10, 2023.
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.