−Removed: Important risk factors that could affect our operations and financial performance, or that could cause results or events to differ from current expectations, are described in “ Part I, Item 1A — Risk Factors ” of our Annual Report on Form 10-K for the year ended September 30, 2022, as supplemented by the information set forth below.
−Removed: A recent law change in Australia could adversely impact Cash Converters’ business
−Removed: In December 2022, the Australian Parliament passed the Financial Sector Reform Bill 2022, which establishes lending limits on small amount credit contracts.
−Removed: The bill became effective in June 2023, and could adversely impact the financial position or results of operations of Cash Converters, in which the Company has an equity investment.
−Removed: Cash Converters recognized a one-time, non-cash impairment expense of AUD$110.5 million against goodwill in their financial statements for the period ended December 31, 2022 and, based upon our 43.7% ownership of Cash Converters, after translation to USD, we recorded a $32.5 million equity method loss during the quarter ended March 31, 2023.
−Removed: A decline in the operating results of Cash Converters, if any, resulting from the change of law could adversely affect our investment.
+Added: Important risk factors that could affect our operations and financial performance, or that could cause results or events to differ from current expectations, are described in “Part I, Item 1A — Risk Factors” of our Annual Report on Form 10-K for the year ended September 30, 2023.
Unregistered Sale of Equity Security and Use of Proceeds
−Removed: The table below provides certain information about our repurchase of shares of Class A Non-voting Common Stock during the quarter ended June 30, 2023.
+Added: The table below provides certain information about our repurchase of shares of Class A Non-voting Common Stock during the quarter ended December 31, 2023.
Share Repurchases
2 unchanged sentences
(in thousands, except number of shares and average price information)
−Removed: April 1, 2023 through April 30, 2023 113,211 $ 8.81 113,211 $ 41,003
−Removed: May 1, 2023 through May 31, 2023 102,225 $ 8.74 102,225 $ 40,110
−Removed: June 1, 2023 through June 30, 2023 130,874 $ 8.45 130,874 $ 39,003
−Removed: Quarter ended June 30, 2023 346,310 $ 8.66 346,310 $ 39,003
+Added: October 1, 2023 through October 31, 2023 122,677 $ 8.15 122,677 $ 35,004
+Added: November 1, 2023 through November 30, 2023 69,062 $ 8.24 69,062 $ 34,435
+Added: December 1, 2023 through December 31, 2023 163,143 $ 8.77 163,143 $ 33,004
+Added: Quarter ended December 31, 2023 354,882 $ 8.45 354,882 $ 33,004
(1) On May 3, 2022, the Board of Directors approved a share repurchase program, under which we are authorized to repurchase up to $50 million of our Class A Non-Voting common shares over a three-year period.
2 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.