6 unchanged sentences
Repurchases of Company Shares
−Removed: In November 2020, the Board of Directors authorized management to repurchase up to an additional $5.0 billion of Common Stock;
+Added: In May 2022, the Board of Directors authorized management to repurchase up to an additional $5.0 billion of Common Stock;
this authorization supplements the remaining balance from any prior authorization.
2 unchanged sentences
Accelerated Share Repurchase Agreements
−Removed: On February 11, 2021, we entered into an accelerated share repurchase agreement (the "February 2021 ASR") with a financial institution to repurchase a total of $500 million of Common Stock.
+Added: On June 2, 2022, we entered into an accelerated share repurchase agreement (the "June 2022 ASR") with two financial institutions to repurchase a total of $500 million of Common Stock.
+Added: We took an initial delivery of approximately 717 thousand shares, which represented 75% of the prepayment amount divided by our closing stock price on June 2, 2022.
+Added: The total number of shares received under the June 2022 ASR will be based upon the average daily volume weighted average price of our Common Stock during the repurchase period, less an agreed upon discount.
+Added: Final settlement of the June 2022 ASR will occur between August 18, 2022 and November 4, 2022.
+Added: On February 15, 2022, we entered into an accelerated share repurchase agreement (the "February 2022 ASR") with two financial institutions to repurchase a total of $600 million of Common Stock.
We took an initial delivery of approximately 758 thousand shares, which represented 75% of the prepayment amount divided by our closing stock price on February 15, 2022.
The total number of shares received under the February 2022 ASR was based upon the average daily volume weighted average price of our Common Stock during the repurchase period, less an agreed upon discount.
−Removed: Final settlement of the February 2021 ASR occurred during May 2021, resulting in the receipt of approximately 213 thousand additional shares, which yielded a weighted-average share price of approximately $575.74 for the transaction period.
+Added: Final settlement of the February 2022 ASR occurred in May 2022, resulting in the receipt of approximately 438 thousand additional shares, which yielded a weighted-average share price of $502.06 for the transaction period.
+Added: On August 31, 2021, we entered into an accelerated share repurchase agreement (the “August 2021 ASR") with two financial institutions to repurchase a total of $650 million of Common Stock.
+Added: We took an initial delivery of approximately 806 thousand shares, which represented 75% of the prepayment amount divided by our closing stock price on August 31, 2021.
+Added: The total number of shares received under the August 2021 ASR was based upon the average daily volume weighted average price of our Common Stock during the repurchase period, less an agreed upon discount.
+Added: Final settlement of the August 2021 ASR occurred in January 2022, resulting in the receipt of approximately 265 thousand additional shares, which yielded a weighted-average share price of $606.71 for the transaction period.
+Added: Lam Research Corporation 2022 10-K 25
Share repurchases, including those under the repurchase program, were as follows:
13 unchanged sentences
March 28, 2022 - April 24, 2022 3 $ 482.67 — 1,382,287
+Added: Board authorization, $5.0 billion, May 2022 — $ — — 6,382,287
April 25, 2022 - May 22, 2022 903 $ 470.86 900 6,164,869
22 unchanged sentences
Lam Research Corporation 2022 10-K 27
−Removed: The Company has elected to early adopt the amendments to Items 301 and 302 of Regulation S-K contained in SEC Release No.
−Removed: As a result, the disclosure previously provided in Part II, Item 6 is no longer required.
−Removed: There were no retrospective changes to the Consolidated Statements of Operations for any quarters in the two most recent fiscal years that would require disclosure under Item 302, as amended.
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.