2 unchanged sentences
The trading symbol for Logitech shares is LOGN on the SIX Swiss Exchange and LOGI on the Nasdaq Global Select Market.
−Removed: As of April 23, 2021, there were 173,106,620 shares issued (including 4,666,642 shares held as treasury stock) held by 22,356 holders of record, and the closing price of our shares was CHF 106.35 ($116.00 based on exchange rates on such date) per share on the SIX Swiss Exchange and $117.00 per share as reported by the Nasdaq Global Select Market.
+Added: As of May 4, 2022, there were 173,106,620 shares issued (including 8,422,457 shares held as treasury stock) held by 43,886 holders of record, and the closing price of our shares was CHF 61.32 ($62.71 based on exchange rates on such date) per share on the SIX Swiss Exchange and $65.88 per share as reported by the Nasdaq Global Select Market.
Under Swiss law, a corporation may only pay dividends upon a vote of its shareholders.
This vote typically follows the recommendation of the corporation's Board of Directors.
−Removed: In April 2021, the Board of Directors recommended that the Company increase the cash dividend for fiscal year 2021 by approximately 10% to CHF 147.0 million ($155.8 million based on the exchange rate on March 31, 2021).
+Added: In May 2022, the Board of Directors recommended that the Company increase the cash dividend per share for fiscal year 2022 by 10% to approximately CHF 0.96 per share (approximately $1.04 per share based on the exchange rate on March 31, 2022).
+Added: Based on our shares outstanding, net of treasury shares, as of March 31, 2022 (165,252,020 shares), this would result in an aggregate gross dividend of approximately CHF 159.0 million (approximately $172.1 million based on the exchange rate on March 31, 2022).
+Added: This amount may vary based on the number of shares outstanding, net of treasury shares, as of the record date for the dividend, but will not exceed approximately CHF 166.5 million (based on our shares currently issued or 173,106,620 shares).
This recommendation will be voted on by our shareholders at the Company’s Annual General Meeting in September 2022.
19 unchanged sentences
To get the benefit of a refund, holders must beneficially own Logitech shares at the time such dividend becomes due.
+Added: Logitech International S.A.
+Added: | Fiscal 2022 Form 10-K | 36
Share Repurchases
2 unchanged sentences
May 2020 17,311 $ 1,000,000
−Removed: Logitech International S.A.
−Removed: | Fiscal 2021 Form 10-K | 38
−Removed: The following table presents certain information related to purchases made by Logitech of its equity securities under its publicly announced share repurchase programs (in thousands, except per share amounts):
+Added: (1) In April 2021, our Board of Directors approved an increase of $750.0 million of the 2020 share repurchase program, to an aggregate amount of $1.0 billion.
+Added: The Swiss Takeover Board approved this increase and it became effective on May 21, 2021.
+Added: The following tables present certain information related to purchases made by Logitech of its equity securities under its publicly announced share repurchase programs (in thousands, except per share amounts):
Weighted Average Price Per Share Remaining Amount that May Yet Be
6 unchanged sentences
* The 2017 share repurchase program expired in April 2020 and the unused amount was forfeited.
−Removed: ** All shares were repurchased on the SIX in fiscal years 2019 and 2020.
+Added: ** All shares were repurchased on the SIX in fiscal year 2020.
In fiscal year 2021, 969 thousand shares were repurchased on the SIX and 876 thousand shares on NASDAQ.
+Added: In fiscal year 2022, 3,921 thousand shares were repurchased on the SIX and 686 thousand shares on NASDAQ.
Total Number of Shares
2 unchanged sentences
During the three months ended March 31, 2022 CHF (LOGN) USD (LOGI)
−Removed: December 26, 2020 to January 22, 2021 — — — 177,634
−Removed: January 23, 2021 to February 19, 2021
+Added: January 1, 2022 to January 28, 2022
SIX 449 75.01 — $ 508,293
Nasdaq 63 — 82.15 503,093
+Added: January 29, 2022 to February 25, 2022
+Added: SIX 379 72.93 — 473,171
February 26, 2022 to March 31, 2022
21 unchanged sentences
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.