−Removed: Market for Registrant’s Common Equit y, Related Stockholder Matters and Issuer Purchases of Equity Securities
+Added: Market for Registrant’s Common Equi ty, Related Stockholder Matters and Issuer Purchases of Equity Securities
The following table sets forth the high and low closing sales price of our common stock, as reported on The Nasdaq Stock Market LLC under the symbol “III” for the periods shown:
13 unchanged sentences
This number of holders of record also does not include stockholders whose shares may be held in trust by other entities.
−Removed: Dividend Policy
−Removed: On December 2, 2014, the Company’s Board of Directors authorized a special dividend of $0.14 per share on the Company’s issued and outstanding shares of common stock.
−Removed: This cash dividend was paid on January 28, 2015 to shareholders of record as of January 15, 2015.
−Removed: Prior to this special dividend we had not paid any dividends on our common stock.
−Removed: Our Credit Agreement limits our ability to pay dividends.
−Removed: We amended the Credit Agreement in order to exclude the payment of the special dividend from the calculation of our fixed charge coverage ratio covenant under the Credit Agreement.
−Removed: The payment of dividends in the future will be within the discretion of our Board of Directors and will be contingent upon our revenues and earnings, if any, capital requirements and general financial condition.
+Added: Dividends to Shareholders
+Added: During the second quarter of 2021, ISG declared and paid its first quarterly dividend.
+Added: We anticipate paying regular quarterly dividends each year.
+Added: These dividends are anticipated to be funded through cash flow from operations, available cash on hand, and/or borrowings under our revolving credit facility.
+Added: Although we anticipate paying regular quarterly dividends on our common stock for the foreseeable future, the declaration, timing and amounts of any such dividends remain subject to the discretion of our Board of Directors.
+Added: During the fiscal quarter and fiscal year ended December 31, 2021, we paid dividends and dividend equivalents of $1.5 million and $4.4 million, respectively.
Issuer Purchases of Equity Securities
−Removed: On November 1, 2019, the Company’s Board of Directors approved a share repurchase authorization of up to $10.8 million.
−Removed: The new share repurchase program will take effect upon completion of the Company’s current program, which has approximately $3.6 million remaining as of December 31, 2020.
−Removed: Therefore, the Company has approximately $14.4 million in the aggregate available under its share repurchase program as of December 31, 2020.
+Added: The Company has approximately $23.1 million in aggregate available under its share repurchase program as of December 31, 2021.
The shares may be repurchased from time to time in open market transactions at prevailing market prices, in privately negotiated transactions, pursuant to a Rule 10b5-1 repurchase plan or by other means in accordance with federal securities laws.
38 unchanged sentences
The weighted-average exercise price includes outstanding options and RSUs, treating RSUs as stock awards with an exercise price of zero.
−Removed: Includes 1,161,220 shares available for future issuance under the Company’s Employee Stock Purchase Plan.
+Added: Includes 1,038,513 shares available for future issuance under the Company’s Amended and Restated Employee Stock Purchase Plan.
Also includes 3,936,086 shares that were available for grant under the Amended and Restated 2007 Equity and Incentive Award Plan as options and SARs and also for restricted stock, restricted stock units or other awards that could provide to the grantee an opportunity to earn the full value of an underlying share (in other words, such earning opportunity is not limited to the appreciation in value of our stock following the grant of the award).
−Removed: Selected Financial Data
−Removed: As a smaller reporting company, we are not required to provide the information described in this item.
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.