1 unchanged sentence
Market Information
−Removed: On July 1, 2021, our Class A common stock began trading on the Nasdaq Global Select Market under the symbol “EVCM.” Prior to that time, there was no public market for our common stock.
+Added: Our common stock trades on the Nasdaq Global Select Market under the symbol “EVCM.”
As of March 10, 2023, there were 77 registered holders of record of our common stock.
3 unchanged sentences
Any decision to declare and pay dividends in the future will be made at the discretion of our Board and will depend on, among other things, our results of operations, financial condition, cash requirements, contractual restrictions and other factors that our Board may deem relevant.
−Removed: In addition, our ability to pay dividends is, and may be, limited by covenants of existing and any future outstanding indebtedness we or our subsidiaries incur, including under our New Credit Facility (as defined below).
+Added: In addition, our ability to pay dividends is, and may be, limited by covenants of existing and any future outstanding indebtedness we or our subsidiaries incur, including under our Credit Facilities (as defined below).
+Added: Purchases of Equity Securities by the Issuer or Affiliated Purchaser
+Added: During the quarter ended December 31, 2022, we repurchased $21.1 million in shares of our common stock under our stock repurchase program, including transaction fees.
+Added: The stock repurchase activity under our stock repurchase program during the quarter ended December 31, 2022 was as follows:
+Added: Total number of shares purchased Average
+Added: Total number of shares purchased as part of publicly announced plans or programs (1) (2)
+Added: Approximate dollar value of shares that may yet be purchased under the plans or programs
+Added: (in thousands, except per share and share amounts)
+Added: October 1, 2022 - October 31, 2022 631,845 $ 9.17 631,845 $ 72,427
+Added: November 1, 2022 - November 30, 2022 878,491 $ 7.41 878,491 $ 65,914
+Added: December 1, 2022 - December 31, 2022 1,344,522 $ 6.52 1,344,522 $ 57,146
+Added: Total 2,854,858 2,854,858
+Added: (1) On June 14, 2022, the Board of Directors of the Company approved a stock repurchase program with authorization to purchase up to $50.0 million in shares of the Company’s common stock through the expiration of the program on December 21, 2022 (as subsequently expanded, the “Repurchase Program”).
+Added: Repurchases under the program may be made in the open market, in privately negotiated transactions or otherwise, with the amount and timing of repurchases to be determined at the Company’s discretion, depending on market conditions and corporate needs.
+Added: Open market repurchases will be structured to occur in accordance with applicable federal securities laws, including within the pricing and volume requirements of Rule 10b-18 under the Exchange Act.
+Added: The Company may also, from time to time, enter into Rule 10b5-1 plans to facilitate repurchases of its shares under this authorization.
+Added: The Repurchase Program does not obligate the Company to acquire any particular amount of common stock and may be modified, suspended or terminated at any time at the discretion of its board of directors.
+Added: The Company expects to fund repurchases with existing cash on hand.
+Added: (2) On November 7, 2022, our Board of Directors approved an expansion of the Repurchase Program with authorization to purchase up to an additional $50.0 million in shares of the Company’s common stock ($100.0 million total) and an extension to the expiration of the Repurchase Program through December 31, 2023.
Stock Performance Graph
8 unchanged sentences
Recent Sales of Unregistered Securities
−Removed: Purchases of Equity Securities by the Issuer or Affiliated Purchaser
−Removed: Other than as disclosed in the Company’s Quarterly Reports on Form 10-Q for the quarters ended June 30, 2021 and September 30, 2021, the Company did not sell any equity securities during the year ended December 31, 2021 that were not registered under the Securities Act.
−Removed: Issuer Purchases of Equity Securities
+Added: The Company did not sell any equity securities during the year ended December 31, 2022 that were not registered under the Securities Act.
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.