−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, 2024, as supplemented by the information set forth below.
−Removed: Our incurrence of debt in the form of the 2032 Senior Notes could have a material adverse effect on our financial condition and results of operations
−Removed: In March 2025, we incurred debt in the aggregate principal amount of $300.0 million in the form of the 2032 Senior Notes.
−Removed: See Note 7 of Notes to Condensed Consolidated Financial Statements included in "Part I, Item 1 — Financial Statements" of this Report.
−Removed: The indebtedness could increase the cost of future financing or otherwise limit our ability to obtain financing, including the refinancing of existing debt.
−Removed: The application of cash flow to repayment of our indebtedness could restrict funds available for other uses, including working capital, growth, and other general corporate purposes, which could adversely affect our financial condition and results of operations.
+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, 2025.
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, 2025.
−Removed: Share Repurchases
−Removed: Total Number of Shares Purchased Average Price Paid Per Share Total Number of Shares Purchased as Part of Publicly Announced Programs (1)
−Removed: Approximate Dollar Value of Shares That May Yet Be Purchased Under the Program (1)
−Removed: (in thousands, except number of shares and average price information)
−Removed: May 1, 2025 through May 31, 2025 46,605 $ 13.48 — $ —
−Removed: June 1, 2025 through June 30, 2025 102,316 $ 13.41 — $ —
−Removed: Quarter ended June 30, 2025 148,921 $ 13.43 — $ —
−Removed: (1) On May 3, 2022, the Board of Directors approved a share repurchase program, under which we were authorized to repurchase up to $50 million of our Class A Non-Voting common shares over a three-year period, which expired on May 3, 2025.
−Removed: The repurchases reported above were authorized separately from, and not considered a part of, the Common Stock Repurchase Program or other publicly announced program.
+Added: In November 2025, the Board of Directors approved a share repurchase program, under which we were authorized to repurchase up to $50.0 million of our Class A Non-Voting common shares over a three-year period.
+Added: No shares were repurchased during the first quarter of fiscal 2026.
+Added: As of December 31, 2025, $50.0 million remained available under the program.
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.