Unregistered Sales of Equity Securities and Use of Proceeds
−Removed: 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.
−Removed: The authorization of this program became effective in March 2022 and did not have an expiration date.
On December 21, 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.
This program does not have an expiration date.
−Removed: The authorization of this program became effective in April 2023, upon completion of the repurchase program authorized in January 2022 discussed above.
+Added: The authorization of this program became effective in April 2023, upon completion of the previously authorized repurchase program.
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 June 30, 2023.
+Added: The following table reflects the Company’s repurchase activity during the three months ended September 30, 2023.
Total Number of
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Under the Plan(1)
−Removed: April 1, 2023 – April 30, 2023
−Removed: May 1, 2023 – May 31, 2023
−Removed: June 1, 2023 – June 30, 2023
+Added: July 1, 2023 – July 31, 2023
+Added: August 1, 2023 – August 31, 2023
+Added: September 1, 2023 – September 30, 2023
(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.
3 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.