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DIVIDEND POLICY
−Removed: No dividends were declared or paid during fiscal years 2022 and 2021.
−Removed: The Company currently intends to retain any future earnings for use in the business.
+Added: No dividends were declared or paid during fiscal year 2022.
+Added: On December 20, 2022, the Board of Directors of the Company declared a special cash dividend of $1.00 per share of common stock.
+Added: The dividend was paid on January 26, 2023, to stockholders of record as of the close of business on January 6, 2023.
+Added: The total amount of the special dividend payment was $9.4 million.
Any future determinations as to the declaration of dividends on our common stock will be made at the discretion of the Board of Directors and will depend on our earnings, operating and financial conditions, capital requirements and other factors deemed relevant by the Board of Directors.
2 unchanged sentences
This program does not have an expiration date.
−Removed: Shares may be purchased in open market purchases, private transactions or otherwise at such times and from time to time, and at such prices and in such amounts as the Company believes appropriate and in the best interests of its shareholders.
+Added: Shares may be purchased in open market purchases, private transactions or otherwise at such times and from time to time, and at such prices and in such amounts as the Company believes appropriate and in the best interests of its stockholders.
The timing and volume of repurchases will vary depending on market conditions and other factors.
3 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.