Unregistered Sales of Equity Securities and Use of Proceeds
−Removed: On October 21, 2015, our Board of Directors (the “Board”) approved an 18-month stock repurchase plan (the “Repurchase Plan”), authorizing the repurchase of up to $20 million worth of our common stock.
+Added: On October 21, 2015, our Board approved an 18-month stock repurchase plan (the “Repurchase Plan”), authorizing the repurchase of up to $20 million worth of our common stock.
Then, separately on each of September 29, 2016, August 23, 2017, November 8, 2018, and November 10, 2020, the Board extended and increased the Repurchase Plan to allow the repurchase of up to an additional $20 million worth of common stock with no expiration date, which brought the total authorized stock repurchases under the Repurchase Plan to $100 million.
−Removed: During the three months ended March 31, 2024, the Company did not purchase any common stock.
−Removed: The Company’s maximum value of remaining shares that may be purchased under the Repurchase Plan was $11.2 million at March 31, 2024.
+Added: During the three months ended September 30, 2024, the Company repurchased $2.9 million of common stock under the Repurchase Plan.
+Added: The following table contains information about our purchases of equity securities during the three months ended September 30, 2024.
+Added: Period Total Number of Shares Purchased Average Price Paid per Share (1)
+Added: Total Number of Shares Purchased as Part of Publicly Announced Plan Maximum Dollar Value of Shares that May Yet Be Purchased Under the Plan (1)
+Added: July 1, 2024 - July 31, 2024
+Added: — $ — — $ 8,169,923
+Added: August 1, 2024 - August 31, 2024
+Added: 14,062 $ 18.57 14,062 $ 7,908,831
+Added: September 1, 2024 - September 30, 2024
+Added: 145,616 $ 17.96 145,616 $ 5,294,125
+Added: Total 159,678 $ 18.01 159,678
+Added: (1) Excludes 1% U.S.
+Added: excise tax on share repurchases which is recognized as part of the cost basis of the shares acquired in the Consolidated Statements of Share Owners’ Equity.
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.