Unregistered Sales of Equity Securities and Use of Proceeds
−Removed: ISSUER PURCHASES OF EQUITY SECURITIES
+Added: PURCHASES OF EQUITY SECURITIES BY THE ISSUER AND AFFILIATED PARTIES
On April 11, 2023, the Company's board of directors reauthorized and extended a share repurchase program through April 30, 2025, under which the Company is authorized to repurchase, from time to time as the Company deems appropriate, shares of the Company's common stock with an aggregate purchase price of up to $30 million.
1 unchanged sentence
The repurchase program does not obligate the Company to repurchase any dollar amount or number of shares, and the program may be extended, modified, suspended or discontinued at any time.
−Removed: There were no repurchases under this plan during the three months ended March 31, 2023.
−Removed: The following table provides information as of March 31, 2023 with respect to shares of common stock repurchased by the Company during the quarter then ended:
+Added: There were no repurchases under this plan during the three months ended June 30, 2023.
+Added: During the quarter ended June 30, 2023, no director or officer of the Company adopted or terminated any Rule 10b5-1 trading arrangement or any non-Rule 10b5-1 trading arrangement, in each case as defined in Item 408 of Regulation S-K.
+Added: The following table provides information as of June 30, 2023 with respect to shares of common stock repurchased by the Company during the quarter then ended:
Period Total Number of
1 unchanged sentence
Paid per Share Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs Maximum Number (or Appropriate Dollar Value) of Shares that May Yet Be Purchased Under the Plans or Programs (b)
−Removed: January 1 - 31 1,685 $ 72.70 0 $ 19,998,273
−Removed: February 1 - 28 1,115 72.58 0 19,998,273
−Removed: March 1 - 31 0 0 0 19,998,273
+Added: April 1 - 30 0 $ 0.00 0 $ 30,000,000
+Added: May 1 - 31 1,701 47.85 0 30,000,000
+Added: June 1 - 30 0 0.00 0 30,000,000
Total 1,701 $ 47.85 0 $ 30,000,000
−Removed: (a) The shares purchased during January and February were credited to the deferred share accounts of non-employee directors under the Company’s directors’ deferred compensation plan.
+Added: (a) The shares purchased during May were credited to the deferred share accounts of non-employee directors under the Company’s directors’ deferred compensation plan.
These shares are held in treasury stock of the Company and were purchased in the ordinary course of business and consistent with past practice.
(b) Following the renewal and extension of the Company's share repurchase program on April 11, 2023, the maximum dollar value of shares that may bet be repurchased under the program is $30 million.
+Added: The share repurchase program terminates April 30, 2025.
Defaults Upon Senior Securities
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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.