Unregistered Sales of Equity Securities and Use of Proceeds
−Removed: On September 13, 2023, the Company announced a share repurchase program approved by the Company’s Board under which the Company is authorized to purchase up to $10.0 million of its common stock.
−Removed: Pursuant to this authorization, repurchases may be made in the open market, including under a Rule 10b5-1 plan, through privately negotiated transactions, or otherwise. In addition, any repurchases under the authorization will be subject to prevailing market conditions, liquidity and cash flow considerations, applicable securities laws requirements (including under Rule 10b-18 and Rule 10b5-1 of the Securities Exchange Act of 1934, as applicable), and other factors.
−Removed: Under this program, during the three months ended September 30, 2023, the Company repurchased 99,090 shares at an aggregate fair value of 2.1 million, reflecting an average price per share of $21.60 (excluding the cost of broker commissions).
−Removed: The share repurchase program is scheduled to terminate on the earlier of March 31, 2024 or when the maximum dollar amount has been expended.
−Removed: This share repurchase program may be suspended or discontinued at any time.
−Removed: The table below sets forth activity under the stock repurchase plan for the three months ended September 30, 2023.
+Added: On September 13, 2023, the Company announced a share repurchase program approved by the Company’s Board under which the Company was authorized to purchase up to $10.0 million of its common stock.
+Added: During the term of this program, the Company repurchased 404,188 shares under this program at an aggregate fair value of $8.9 million, reflecting an average price per share of $22.07 (excluding the cost of broker commissions).
+Added: The share repurchase program expired according to its term on March 31, 2024.
+Added: The table below sets forth activity under the stock repurchase plan for the three months ended March 31, 2024.
(a) Total number of shares (or units) purchased
2 unchanged sentences
(d) Maximum number (or approximate dollar value) of shares (or units) that may yet be purchased under the plans or programs
−Removed: Month #1 (July 1 - July 31)
−Removed: Month #2 (August 1 - August 31)
−Removed: Month #3 (September 1 - September 30)
+Added: Month #1 (January 1 - January 31)
+Added: Month #2 (February 1 - February 29)
+Added: Month #3 (March 1 - March 31)
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.