Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities
−Removed: Market Information
−Removed: Our common stock is listed on the Nasdaq Global Market under the symbol “FORM.” As of February 14, 2022, there were 123 registered holders of record of our common stock.
+Added: Stock Information
+Added: Our common stock is listed on The Nasdaq Global Market under the symbol “FORM.” As of February 17, 2023, there were 120 registered holders of record of our common stock, which does not include beneficial owners of stock held in street name (i.e., through a brokerage firm, bank, broker-dealer, trust or other similar organization).
No cash dividends have been declared on shares of our common stock, and the Company currently does not intend to pay dividends in the future.
−Removed: Repurchase of Common Stock
−Removed: In October 2020, our Board of Directors authorized a program to repurchase up to $50.0 million of outstanding common stock to offset potential dilution from issuances of our common stock under our employee stock purchase plan and equity incentive plan.
−Removed: Under the authorized stock repurchase program, we may repurchase shares from time to time on the open market.
+Added: Repurchases of Common Stock
+Added: In May 2022, our Board of Directors authorized a program to repurchase up to $75.0 million of outstanding common stock to offset potential dilution from issuances of our common stock under our employee stock purchase plan and equity incentive plan.
+Added: This authorization is in addition to the program authorized October 2020 to repurchase up to $50.0 million of outstanding common stock that was fully utilized through June 2022 and expired October 2022.
+Added: Under the current stock repurchase program, we may repurchase shares from time to time on the open market.
The pace of repurchase activity will depend on levels of cash generation, the Company's current stock price, and other factors.
The program may be modified or discontinued at any time.
−Removed: The share repurchase program will expire on October 28, 2022.
+Added: The current share repurchase program will expire May 2024.
The following table provides information as of December 31, 2022 with respect to the shares of common stock repurchased during the fourth quarter of fiscal 2022 pursuant to the foregoing Board authorization.
5 unchanged sentences
Stock Price Performance Graph
−Removed: The following graph shows the total stockholder return of an investment of $100 in cash on December 31, 2016 through December 25, 2021 for (1) our common stock, (2) the S&P 500 Index and (3) the RDG Semiconductor Composite Index.
+Added: The following graph shows the total stockholder return of an investment of $100 in cash on December 30, 2017 through December 31, 2022 for (1) our common stock, (2) the S&P 500 Index, (3) the RDG Semiconductor Composite (former industry index) and (4) the S&P Semiconductors Select Industry Index (new industry index).
+Added: We believe the new industry index is more representative of the industry in which we operate and is in alignment with the index utilized by FormFactor within compensation metrics.
All values assume reinvestment of the full amount of all dividends.
1 unchanged sentence
COMPARISON OF 5 YEAR CUMULATIVE TOTAL RETURN*
−Removed: Among FormFactor, Inc., the S&P 500 Index, and the RDG Semiconductor Composite Index
−Removed: *$100 invested on December 31, 2016 in stock or index, including reinvestment of dividends.
+Added: Among FormFactor, Inc., the S&P 500 Index, RDG Semiconductor Composite and the S&P Semiconductors Select Industry Index *$100 invested on December 30, 2017 in stock or index, including reinvestment of dividends.
Cumulative Total Return
2 unchanged sentences
$ 100.00 $ 89.52 $ 166.39 $ 272.08 $ 284.41 $ 142.04
−Removed: S&P 500 100.00 121.83 116.49 153.17 181.35 233.41
+Added: S&P 500 Index 100.00 95.62 125.72 148.85 191.58 156.89
RDG Semiconductor Composite 100.00 90.09 134.47 195.30 295.15 184.29
+Added: S&P Semiconductors Select Industry Index 100.00 93.57 154.61 251.02 359.18 248.88
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.