1 unchanged sentence
Market Information
−Removed: Our common stock has been traded under the symbol “ENSG” on the NASDAQ Global Select Market since our initial public offering on November 8, 2007.
−Removed: Prior to that time, there was no public market for our common stock.
+Added: Our common stock is traded under the symbol “ENSG” on the NASDAQ Global Select Market.
As of January 31, 2025, there were approximately 359 holders of record of our common stock.
2 unchanged sentences
Our stock price performance shown in the graph below is not indicative of future stock price performance.
−Removed: Since our inception in 1999, we completed the spin-off of two independent publicly traded companies.
−Removed: On June 1, 2014, Ensign completed the spin-off of CareTrust REIT, Inc.
−Removed: (CareTrust) into an independent publicly traded company.
−Removed: On October 1, 2019, Ensign completed the spin-off of The Pennant Group, Inc.
−Removed: (Pennant) with the pro rata distribution of 1.18 shares of Pennant’s common stock for every share of Ensign’s common stock to our stockholders, pursuant to which Pennant became an independent company.
−Removed: Pennant's stock traded at $6.15 at opening price on the first day of trading and closed at $15.09.
−Removed: Ensign's stock price was reduced by the same value on the same day.
−Removed: For the purpose of this graph, the effect of the final separation of Pennant is reflected in the cumulative total return of Ensign Common Stock as a reinvested dividend.
COMPARISON OF 60 MONTH CUMULATIVE TOTAL RETURN*
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(1) The current composition of our Peer Group is as follows:
−Removed: Amedysis, Inc., CareTrust REIT Inc., Encompass Healthcare Corp., LTC Properties, Inc., National Healthcare Corporation, National Health Investors, Inc., Omega Healthcare Investors, Inc., Select Medical Holdings Corp.
+Added: Amedysis, Inc., CareTrust REIT Inc., Encompass Healthcare Corp., LTC Properties, Inc., National Healthcare Corporation, National Health Investors, Inc., Omega Healthcare Investors, Inc., PACS Group, Inc., Select Medical Holdings Corp.
and Welltower Inc.
−Removed: (2) The value displayed only incorporates the value of The Ensign Group, Inc.
−Removed: stock and does not incorporate the value shareholders received in connection with our spin-off of The Pennant Group, Inc.
Dividend Policy
2 unchanged sentences
Issuer Repurchases of Equity Securities
−Removed: Stock Repurchase Programs — On August 29, 2023, the Board of Directors approved a stock repurchase program pursuant to which we may repurchase up to $20.0 million of our common stock under the program for a period of approximately 12 months from September 1, 2023.
−Removed: Under this program, we are authorized to repurchase our issued and outstanding common shares from time to time in open-market and privately negotiated transactions and block trades in accordance with federal securities laws.
+Added: Stock Repurchase Programs — On May 16, 2024, the Board of Directors approved a stock repurchase program pursuant to which we may repurchase up to $20.0 million of our common stock under the program for a period of approximately 12 months from September 1, 2024.
We did not purchase any shares pursuant to this stock repurchase program during the year ended December 31, 2024.
−Removed: Previously on July 28, 2022, the Board of Directors approved a stock repurchase program pursuant to which we could repurchase up to $20.0 million of our common stock under the program for a period of approximately 12 months from August 2, 2022.
−Removed: Under this program, we were authorized to repurchase our issued and outstanding common shares from time to time in open-market and privately negotiated transactions and block trades in accordance with federal securities laws.
−Removed: The share repurchase program does not obligate us to acquire any specific number of shares.
−Removed: The stock repurchase program expired on August 2, 2023 and is no longer in effect.
+Added: On August 29, 2023, the Board of Directors approved a stock repurchase program pursuant to which we may repurchase up to $20.0 million of our common stock under the program for a period of approximately 12 months from September 1, 2023.
+Added: The program terminated by its terms on August 31, 2024 and is no longer in effect.
We did not purchase any shares pursuant to this stock repurchase program.
+Added: Under these repurchase programs, we are authorized to repurchase our issued and outstanding common shares from time to time in open-market and privately negotiated transactions, tender offers, pursuant to contractual provisions, and block trades, or otherwise in accordance with federal securities laws.
+Added: The share repurchase program does not obligate us to acquire any specific number of shares.
+Added: Any such repurchases will depend on our business strategy, prevailing market conditions, our liquidity requirements, contractual restrictions or covenants, compliance with securities laws, and other factors.
+Added: The amounts involved in any such transaction may be material.
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.