Unregistered Sales of Equity Securities and Use of Proceeds.
−Removed: On November 2, 2023, the Company announced that its Board of Directors approved a share repurchase program (“Share Repurchase Program”) under which the Company is authorized to repurchase up to $20,000,000 of shares of the Company’s common stock.
−Removed: Under the Share Repurchase Program, the Company is permitted to repurchase its common stock from time to time, in amounts and at prices that the Company deemed appropriate, subject to market conditions and other considerations.
−Removed: Pursuant to the Share Repurchase Program, the Company is authorized to effect repurchases using open market purchases, including pursuant to Rule 10b5-1 trading plans, and/or through privately negotiated transactions.
−Removed: The repurchase program does not obligate the Company to acquire any particular number of shares.
−Removed: The repurchase program will terminate on March 31, 2025.
+Added: On November 2, 2023, we announced that our Board of Directors approved a share repurchase program (“Share Repurchase Program”) under which we are authorized to repurchase up to $20,000,000 of shares of our common stock.
+Added: See Note 3, “Stock Based Compensation-Share Repurchase Program” in the “Notes to Condensed Consolidated Financial Statements” for additional information.
Further, on December 4, 2023, we repurchased 1.5 million shares for a total purchase price of $12.6 million under the Stock Repurchase Agreement with FS Equity Partners V, L.P.
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Following completion of this repurchase, approximately $7.4 million of its common stock remained available for repurchase under the share repurchase program at December 27, 2023.
−Removed: For the thirteen weeks ended March 27, 2024, the Company repurchased 136,400 shares of common stock under the share repurchase program, using open market purchases, for total consideration of approximately $1.2 million.
−Removed: Following completion of these repurchases, approximately $6.2 million of the Company’s common stock remained available for repurchase under the share repurchase program at March 27, 2024.
−Removed: T he following table summarizes the Company’s purchases of common stock in the quarterly period ended March 27, 2024, which all occurred pursuant to the Share Repurchase Program (in thousands, except number of shares and per share amounts):
+Added: For the thirteen weeks ended June 26, 2024, we repurchased 203,483 shares of common stock under the Share Repurchase Program, using open market purchases, for total consideration of approximately $2.0 million.
+Added: Following completion of these repurchases, approximately $4.2 million of our common stock remained available for repurchase under the Share Repurchase Program at June 26, 2024.
+Added: In addition, on May 29, 2024, we repurchased 1,534,303 shares for a total purchase price of $15.0 million under the Stock Repurchase Agreement with FS Equity Partners V, L.P.
+Added: and FS Affiliates V, L.P.
+Added: (“FS Stock Repurchase Agreement”).
+Added: T he following table summarizes our repurchases of common stock in the quarterly period ended June 26, 2024, which occurred pursuant to either our Share Repurchase Program or pursuant to Stock Repurchase Agreements as described above (in thousands, except number of shares and per share amounts):
Total Number of Shares Purchased
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Approximate Dollar Value of Shares That May Be Purchased Under the Plans or Programs
−Removed: December 28, 2023 to January 24, 2024
−Removed: January 25, 2024 to February 21, 2024
−Removed: February 22, 2024 to March 27, 2024
+Added: March 28, 2024 to April 24, 2024
+Added: April 25, 2024 to May 22, 2024
+Added: May 23, 2024 to June 26, 2024
+Added: (1) Consists of (a) 203,483 shares repurchased by us pursuant to the Share Repurchase Program, (b) 14,294 shares acquired by us to satisfy employee tax withholding obligations in connection with the vesting of previously issued restricted stock and (c) 1,534,303 shares repurchased by us pursuant to the FS Stock Repurchase Agreement.
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.