OTHER INFORMATION
−Removed: During the three months ended June 30, 2023, no trustee or officer of Elme Communities adopted or terminated a “Rule 10b5-1 trading arrangement” or “non-Rule 10b5-1 trading arrangement,” as each term is defined in Item 408(a) of Regulation S-K.
+Added: Trading Arrangements
+Added: During the three months ended September 30, 2023, no trustee or officer of Elme Communities adopted or terminated a “Rule 10b5-1 trading arrangement” or “non-Rule 10b5-1 trading arrangement,” as each term is defined in Item 408(a) of Regulation S-K.
+Added: Share Repurchase Program
+Added: On October 26, 2023, the Board authorized and approved a share repurchase program of up to $50 million of the Company’s common shares of beneficial interest over a period of two years, subject to any applicable limitations or restrictions set forth in our existing credit facility and other debt agreements.
+Added: The share repurchase program is scheduled to expire on October 25, 2025, unless extended by the Board.
+Added: Under the share repurchase program, the Company can effect share repurchases through open market purchases, including through Rule 10b5-1 trading programs, in privately negotiated transactions, or in such other manner that would comply with applicable securities laws and subject to compliance with existing debt agreements.
+Added: The repurchase program does not obligate the Company to repurchase any specific number of shares, will be utilized at management’s discretion and may be suspended at any time in the Company’s discretion.
+Added: The timing of share repurchases and the number of shares to be repurchased will depend upon prevailing market conditions and other factors.
+Added: No share repurchases have been made to date under this program.
Incorporated by Reference
5 unchanged sentences
8-K 001-06622 3.1 9/20/2023
−Removed: 10.1 Offer letter to Tiffany Butcher
31.1 Certification of the Chief Executive Officer pursuant to Rule 13a-14(a) of the Securities Exchange Act of 1934, as amended (“the Exchange Act”)
31.2 Certification of the Chief Financial Officer pursuant to Rule 13a-14(a) of the Exchange Act
−Removed: 31.3 Certification of the Chief Accounting Officer pursuant to Rule 13a-14(a) of the Exchange Act
−Removed: 32 Certification of the Chief Executive Officer, Chief Financial Officer and Chief Accounting Officer pursuant to Rule 13a-14(b) of the Exchange Act and 18U.S.C.
+Added: 31.3 Certification of the Chief Administrative Officer pursuant to Rule 13a-14(a) of the Exchange Act
+Added: 32 Certification of the Chief Executive Officer, Chief Financial Officer and Chief Administrative Officer pursuant to Rule 13a-14(b) of the Exchange Act and 18U.S.C.
Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002
12 unchanged sentences
(Principal Financial Officer)
−Removed: Senior Vice President, Chief Accounting Officer and Treasurer
+Added: Senior Vice President, Chief Administrative Officer and Treasurer
(Principal Accounting Officer)
−Removed: August 1, 2023
+Added: October 27, 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.