1 unchanged sentence
On October 21, 2020, the Company’s Board of Directors authorized management to repurchase up to 1,000,000 shares of the Company’s outstanding common stock, under a program of open market purchases or privately negotiated transactions.
−Removed: This program became effective in November 2020 and does not have an expiration date.
+Added: This program, which became effective in November 2020 and did not have an expiration date, was completed during the three months ended March 31, 2022.
+Added: On January 19, 2022, the Company's Board of Directors authorized management to repurchase up to 1,000,000 shares of the Company's outstanding common stock, under a program of open market purchases or privately negotiated transactions.
+Added: This program does not have an expiration date.
+Added: The authorization of this program became effective during the three months ended March 31, 2022, upon completion of the repurchase program authorized in October 2020 discussed above.
From time to time, the Company may utilize a pre-arranged trading plan pursuant to Rule 10b5-1 under the Securities Exchange Act of 1934 to repurchase its shares under its repurchase programs.
−Removed: The following table reflects the Company’s repurchase activity during the three months ended September 30, 2021.
+Added: The following table reflects the Company’s repurchase activity during the three months ended March 31, 2022.
Total Number of
6 unchanged sentences
Under the Plan(1)
−Removed: July 1, 2021 – July 31, 2021
−Removed: August 1, 2021 – August 31, 2021
−Removed: September 1, 2021 – September 30, 2021
−Removed: (1) Amount represents the number of shares available to be repurchased under the current program as of the last calendar day of the month shown.
+Added: January 1, 2022 – January 31, 2022
+Added: February 1, 2022 – February 28, 2022
+Added: March 1, 2022 – March 31, 2022
+Added: (1) Amount represents the number of shares available to be repurchased under the then-current program as of the last calendar day of the month shown.
Defaults Upon Senior Securities
2 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.