15 unchanged sentences
The stock price performance shown in this graph is not necessarily indicative of, and not is intended to suggest, future stock price performance.
−Removed: We anticipate that we will retain future earnings to support operations, fund acquisitions and to finance the growth and development of our business.
−Removed: Therefore, we do not expect to pay cash dividends in the foreseeable future.
−Removed: Our payment of any future dividends will be at the discretion of our Board of Directors after taking into account any business conditions, any contractual and legal restrictions on our payment of dividends, and our financial condition, operating results, cash needs, growth plans and other factors.
−Removed: In addition, a current agreement with one lender contains a restrictive covenant that prohibits us from paying cash dividends, making any distribution on any class of stock or making stock repurchases if a breach of a financial covenant or an event of default exists or would result from the dividend, distribution or repurchase.
+Added: We currently intend to retain future earnings for use in our business and do not anticipate paying cash dividends in the foreseeable future.
+Added: Any future determination related to our dividend policy will be made at the discretion of our Board of Directors, taking into account any contractual and legal restrictions on our payment of dividends.
Recent Sales of Unregistered Securities;
Use of Proceeds from Registered Securities
−Removed: There have been no sales of unregistered securities during the past year.
Issuer Purchases of Equity Securities
11 unchanged sentences
For the fourth quarter of 2021, the Company withheld 318 shares at an average price of $174.78.
−Removed: (2) On February 12, 2019, we announced that our Board of Directors authorized the purchase of up to $125 million of IPG common stock (the "February 2019 program") following the completion of our $125 million repurchase program authorized in July 2018.
−Removed: Under the February 2019 program, we are authorized to repurchase shares of common stock in an amount not to exceed the lesser of (a) the number of shares issued to employees and directors under the Company's various employee and director equity compensation and employee stock purchase plans from January 1, 2019 through December 31, 2020 and (b) $125 million, exclusive of any fees, commissions or other expenses.
−Removed: There were no shares purchased in the fourth quarter of 2020 under the February 2019 program.
+Added: (2) The previously announced stock repurchase program authorized in February 2019 was completed in the third quarter of 2021.
On May 5, 2020, we announced that our Board of Directors authorized the purchase of up to $200 million of IPG common stock (the "May 2020 program"), exclusive of any fees, commissions or other expenses.
−Removed: The May 2020 program is separate from, and in addition to, the repurchases authorized under the February 2019 program.
−Removed: There were no shares purchased in the fourth quarter of 2020 under the May 2020 program.
+Added: There were 344,687 shares purchased in the fourth quarter of 2021 under the May 2020 program.
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.