1 unchanged sentence
Purchases of Equity Securities by the Company
−Removed: The Company did not purchase any shares of its common stock during the period from June 28, 2020 to September 26, 2020, the Company’s third fiscal quarter.
+Added: The Company did not purchase any shares of its common stock during the period from December 27, 2020 to March 27, 2021, the Company’s first fiscal quarter.
On December 9, 2019, the Landstar System, Inc.
Board of Directors authorized the Company to purchase up to 1,849,068 shares of the Company’s common stock from time to time in the open market and in privately negotiated transactions.
−Removed: As of September 26, 2020, the Company had authorization to purchase in the aggregate up to 1,821,030 shares of its common stock under this program.
+Added: As of March 27, 2021, the Company had authorization to purchase in the aggregate up to 1,821,030 shares of its common stock under this program.
No specific expiration date has been assigned to the December 9, 2019 authorization.
−Removed: On June 2, 2016, Landstar entered into a credit agreement with a syndicate of banks and JPMorgan Chase Bank, N.A., as administrative agent (the “Credit Agreement”).
−Removed: On August 18, 2020, Landstar amended and restated the Credit Agreement to extend the maturity date to August 2023 and amend certain other terms.
+Added: On August 18, 2020, Landstar entered into an amended and restated credit agreement with a syndicate of banks and JPMorgan Chase Bank, N.A., as administrative agent (the “Credit Agreement”).
The Credit Agreement provides for a restriction on cash dividends and other distributions to stockholders on the Company’s capital stock in the event there is a default under the Credit Agreement.
4 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.