6 unchanged sentences
Priority Processing
−Removed: 462 South 4th Street
−Removed: Louisville, KY 40202-3467
−Removed: Shareholder Relations
+Added: 150 Royall St., Suite 101
+Added: Canton, MA 02021
(800) 884-4225 Shareholder
25 unchanged sentences
Totals — $ — —
−Removed: (1) On January 25, 2021, the Company's Board of Directors approved a stock repurchase program for up to 1.0 million of its outstanding common shares.
−Removed: The Company did not repurchase any shares of common stock under the repurchase plan during the quarter ended December 31, 2021.
−Removed: On January 31, 2022, the Company’s Board of Directors terminated the 2021 repurchase program and approved a new plan to repurchase up to 1.0 million shares of the Company’s outstanding common stock.
−Removed: On a share basis, the amount of common stock subject to the new repurchase plan represented approximately 3% of the Company’s outstanding shares on the date it was approved, which was inclusive of the approximately 2.9 million shares issued in conjunction with the CUB acquisition.
+Added: (1) On January 31, 2022, the Company’s Board of Directors approved a plan to repurchase up to 1.0 million shares of the Company’s outstanding common stock.
+Added: On a share basis, the amount of common stock subject to the repurchase plan represented approximately 3% of the Company’s outstanding shares on the date it was approved.
The Company is not obligated to purchase any shares under the plan, and the plan may be discontinued at any time.
The actual timing, number and share price of shares purchased under the repurchase plan will be determined by the Company at its discretion and will depend upon such factors as the market price of the stock, general market and economic conditions and applicable legal requirements.
−Removed: The Company has not repurchased any shares of common stock under the 2022 repurchase plan.
+Added: The Company has not repurchased any shares under the 2022 repurchase plan.
Equity Compensation Plan Information
−Removed: T he Company maintains three equity incentive plans under which it has authorized the issuance of its Common Shares to employees and non-employee directors as compensation:
−Removed: its 2009 Long-Term Equity Incentive Plan (under which no new grants may be made), its 2019 Long-Term Equity Incentive Plan (the “2019 LTI Plan”) and its 2019 Employee Stock Purchase Plan (the “2019 ESPP”).
−Removed: Each of these plans was approved by the requisite vote of the Company’s common shareholders in the year of adoption by the Board of Directors.
−Removed: The Company is not a party to any individual compensation arrangement involving the authorization for issuance of its equity securities to any single person, other than option agreements and restricted stock award agreements that have been granted under the terms of one of the three plans identified above.
−Removed: The following table sets forth information regarding these plans as of December 31, 2021:
−Removed: Plan Category Number of Securities
−Removed: to be Issued upon Exercise
−Removed: of Outstanding Options, Warrants or Rights Weighted Average
−Removed: Exercise Price of
−Removed: Outstanding Options, Warrants and Rights Number of Securities
−Removed: Remaining Available for
−Removed: Future Issuance under
−Removed: Equity Compensation
−Removed: Plans (Excluding
−Removed: Securities Reflected in First Column)
−Removed: Equity compensation plans approved by security holders — (a) $ — (a) 1,630,772 (b)
−Removed: Equity compensation plans not approved by security holders — — —
−Removed: Total — $ — 1,630,772
−Removed: (a) On December 31, 2021, participants under the 2019 ESPP exercised options to purchase 5,615 Common Shares at the purchase price of $40.46 per share.
−Removed: The Company settled the option exercises in January 2022 with shares purchased on the open market.
−Removed: (b) Represents 750,000 shares at December 31, 2021 that the Company may in the future issue to employees under the 2019 ESPP (although the Company typically purchases the shares needed for sale to participating employees on the open market rather than issuing new issue shares to such employees) and 880,772 shares that were available for grant or issuance at December 31, 2021 under the 2019 LTI Plan.
−Removed: As stated in note (a) above, the Company settled certain option exercises in January 2022 with shares purchased on the open market.
−Removed: The issuance of such reacquired shares will result in a 5,615 share reduction in the amount remaining available for future issuance.
−Removed: For additional information regarding the Company’s equity incentive plans and employee stock purchase plan, see Note 8 (Shareholders’ Equity) of the Notes to the Consolidated Financial Statements included in Item 8 of this Report.
+Added: See Item 12 of Part III of this Report for information regarding securities authorized for issuance under equity compensation plans.
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