9 unchanged sentences
As of September 30, 2022, there were stock options outstanding under the Company’s Amended and Restated 2013 Incentive Stock Plan.
−Removed: The plan granted specified numbers of options to non-employee directors, and they authorized the Compensation Committee of the Board of Directors to grant either incentive or non-statutory stock options to employees.
+Added: The plan granted specified numbers of options to non-employee directors, and they authorized the Compensation Committee of the Board of Directors to grant either restricted stock and incentive or non-statutory stock options to employees.
+Added: Effective July 13, 2022, the tenth anniversary of the Plan, incentive stock options are no longer eligible to be granted.
Vesting periods are established by the Compensation Committee at the time of grant.
All stock options outstanding as of September 30, 2022 and September 30, 2021 were non-qualified stock options, had exercise prices equal to the market price on the date of grant, and had expiration dates ten years from the date of grant.
−Removed: The maximum number of shares that may be granted under the 2013 Plan is 15,000 (7,500 for restricted stock grants and 7,500 for stock option grants).
+Added: The maximum number of shares that may be granted under the 2013 Plan is 15 million (7,500 thousand for restricted stock grants and 7,500 thousand for stock option grants).
This number is subject to adjustment to reflect changes in the capital structure or organization of the Company.
−Removed: (Amounts in thousands except per share data, unless otherwise stated)
+Added: (Shares in thousands)
Plan category
4 unchanged sentences
Equity compensation plans approved by security holders
−Removed: Not applicable.
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.