4 unchanged sentences
Repurchases of Common Stock
−Removed: 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.
−Removed: 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: In October 2023, 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 was in addition to the program authorized in May 2022 to repurchase up to $75.0 million of outstanding common stock that was fully utilized as of December 30, 2023.
Under the current stock repurchase program, we may repurchase shares from time to time on the open market.
1 unchanged sentence
The program may be modified or discontinued at any time.
−Removed: The current share repurchase program will expire May 2024.
+Added: The current share repurchase program will expire October 2025.
The following table provides information as of December 30, 2023 with respect to the shares of common stock repurchased during the fourth quarter of fiscal 2023 pursuant to the foregoing Board authorization.
Period (fiscal months) Total Number of Shares Purchased Average Price Paid per Share Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs Maximum Amount that May Yet Be Purchased Under the Plans or Programs
−Removed: September 25, 2022 - October 22, 2022 240,479 $ 25.45 240,479 $ 21,364,697
+Added: October 1, 2023 - October 28, 2023 — $ — — $ 93,634,446
October 29, 2023 - November 25, 2023 184,464 36.77 184,464 86,851,705
2 unchanged sentences
Stock Price Performance Graph
−Removed: 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).
−Removed: 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.
+Added: The following graph shows the total stockholder return of an investment of $100 in cash on December 29, 2018 through December 30, 2023 for (1) our common stock, (2) the S&P 500 Index, and (3) the S&P Semiconductors Select Industry Index.
All values assume reinvestment of the full amount of all dividends.
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COMPARISON OF 5 YEAR CUMULATIVE TOTAL RETURN*
−Removed: 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.
+Added: Among FormFactor, Inc., the S&P 500 Index, and the S&P Semiconductors Select Industry Index *$100 invested on December 29, 2018 in stock or index, including reinvestment of dividends.
Cumulative Total Return
3 unchanged sentences
S&P 500 Index 100.00 131.49 155.68 200.37 164.08 207.21
−Removed: RDG Semiconductor Composite 100.00 90.09 134.47 195.30 295.15 184.29
S&P Semiconductors Select Industry Index 100.00 165.23 268.27 383.86 265.98 359.96
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.