1 unchanged sentence
Griffon’s Common Stock is listed for trading on the New York Stock Exchange under the symbol “GFF”.
−Removed: During 2022, 2021 and 2020, the Company declared and paid, in quarterly increments, cash dividends totaling $0.36 per share, $0.32 per share and $0.30 per share, respectively.
−Removed: In addition, on June 27, 2022, the Board of Directors declared a special cash dividend of $2.00 per share, paid on July 20, 2022 to shareholders of record as of the close of business on July 8, 2022.
+Added: During 2023, the Company declared and paid four regular quarterly cash dividends consisting of two cash dividends of $0.10 per share and two cash dividends of $0.125 per share, totaling $0.45 per share for the year.
+Added: Additionally, on April 19, 2023, the Board of Directors declared a special cash dividend of $2.00 per share, paid on May 19, 2023, to shareholders of record as of the close of business on May 9, 2023.
+Added: During 2022, the Company paid a regular quarterly cash dividend of $0.09 per share, totaling $0.36 per share for the year.
+Added: Additionally, on June 27, 2022, the Board of Directors declared a special cash dividend of $2.00 per share, paid on July 20, 2022.
+Added: During 2021, the Company declared and paid a regular quarterly cash dividend of $0.08 per share, totaling $0.32 per share for the year.
+Added: For all dividends, a dividend payable is established for the holders of restricted shares;
+Added: such dividends will be released upon vesting of the underlying restricted shares.
The Company currently intends to pay dividends each quarter;
1 unchanged sentence
On November 14, 2023, the Board of Directors declared a cash dividend of $0.15 per share, payable on December 14, 2023 to shareholders of record as of the close of business on November 28, 2023.
−Removed: As of October 31, 2022, there were approximately 12,900 holders of Griffon’s Common Stock.
+Added: Registered Holders
+Added: As of October 31, 2023, there were approximately 2,322 registered holders of Griffon’s Common Stock.
Securities Authorized for Issuance Under Equity Compensation Plans
12 unchanged sentences
Equity compensation plans approved by security
−Removed: holders (1) — $ — 835,122
+Added: — $ — 328,473
Equity compensation plans not approved by security holders — $ — —
+Added: _____________________________________
(1) Excludes restricted shares and restricted stock units issued in connection with Griffon’s equity compensation plans.
5 unchanged sentences
of Shares (or
−Removed: Units) Purchased (b) Average
+Added: Units) Purchased (1)
Price Paid Per
11 unchanged sentences
July 1 - 31, 2023 59,297 (2)
+Added: $ 39.65 59,297
August 1 - 31, 2023 509,413 (2)
+Added: 41.39 509,413
September 1 - 30, 2023 1,032,152 40.67 1,032,152
Total 1,600,862 $ 40.86 1,600,862 $ 107,183 (1)
−Removed: Shares, if any, purchased by the Company in open market purchases are pursuant to share repurchases authorized by the Company’s Board of Directors.
−Removed: On each of August 3, 2016 and August 1, 2018, the Company’s Board of Directors authorized the repurchase of up to $50,000 of Griffon common stock;
+Added: _____________________________________________________
+Added: On April 19, 2023, the Company's Board of Directors approved a $200,000 increase to its share repurchase program to $257,955 from the prior unused authorization of $57,955.
+Added: Under the share repurchase program, the Company may, from time to time, purchase shares of its common stock in the open market, including pursuant to a 10b5-1 plan, pursuant to an accelerated share repurchase program or issuer tender offer, or in privately negotiated transactions.
As of September 30, 2023, $107,183 remained available for purchase under these Board authorized repurchase programs.
+Added: See " Management's Discussion and Analysis of Financial Condition and Results of Operations - LIQUIDITY AND CAPITAL RESOURCES - Liquidity" - for information regarding share repurchases in the first quarter of fiscal 2024 and the amount remaining available for purchase as of immediately prior to the filing of this Annual Report on Form 10-K.
+Added: Shares were purchased by the Company in open market purchases pursuant to share repurchase plans authorized by the Company's Board of Directors.
Performance Graph
7 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.