1 unchanged sentence
Purchases of Equity Securities by the Company
−Removed: The following table provides information regarding the Company’s purchase of its common stock during the period from June 26, 2022 to September 24, 2022, the Company’s third fiscal quarter:
+Added: The following table provides information regarding the Company’s purchase of its common stock during the period from January 1, 2023 to April 1, 2023, the Company’s first fiscal quarter:
Fiscal Period
7 unchanged sentences
Maximum Number of
−Removed: Shares That May Yet
−Removed: Be Purchased Under
−Removed: June 25, 2022
−Removed: June 26, 2022 – July 23, 2022
−Removed: July 24, 2022 – August 20, 2022
−Removed: August 21, 2022 – September 24, 2022
+Added: Shares That May Yet Be
+Added: Purchased Under the
+Added: December 31, 2022
+Added: January 1, 2023 – January 28, 2023
+Added: January 29, 2023 – February 25, 2023
+Added: February 26, 2023 – April 1, 2023
On December 7, 2021, the Landstar System, Inc.
+Added: Board of Directors authorized the Company to purchase up to 1,912,824 shares of the Company’s common stock from time to time in the open market and in privately negotiated transactions.
+Added: On December 6, 2022, the Landstar System, Inc.
Board of Directors authorized the Company to purchase up to 1,900,826 additional shares of the Company’s common stock from time to time in the open market and in privately negotiated transactions.
−Removed: As of September 24, 2022, the Company had authorization to purchase in the aggregate up to 1,099,174 shares of its common stock under this program.
−Removed: No specific expiration date has been assigned to the December 7, 2021 authorization.
−Removed: As previously disclosed in a Form 8-K filed with the SEC on July 8, 2022, Landstar entered into the Second Amended and Restated Credit Agreement, dated July 1, 2022, with a bank syndicate led by JPMorgan Chase Bank, N.A., as administrative agent (the “Credit Agreement”).
+Added: As of April 1, 2023, the Company had authorization to purchase in the aggregate up to 2,910,339 shares of its common stock under these programs.
+Added: No specific expiration date has been assigned to the December 7, 2021 or December 6, 2022 authorizations.
+Added: Landstar entered into the Second Amended and Restated Credit Agreement, dated July 1, 2022, with a bank syndicate led by 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.