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 December 31, 2023 to March 30, 2024, the Company’s first fiscal quarter.
+Added: The following table provides information regarding the Company’s purchase of its Common Stock during the period from March 31, 2024 to June 29, 2024, the Company’s second fiscal quarter:
+Added: Total Number of Share
+Added: Maximum Number of
+Added: Shares Purchased as
+Added: Shares That May Yet
+Added: Total Number of
+Added: Average Price
+Added: Part of Publicly
+Added: Be Purchased Under
+Added: Fiscal Period
+Added: Shares Purchased
+Added: Paid Per Share (1)
+Added: Announced Programs
+Added: March 30, 2024
+Added: 31, 2024 – Apr.
+Added: 28, 2024 – May 25, 2024
+Added: May 26, 2024 – Jun.
+Added: The average price paid per share does not include the 1% excise tax on net stock repurchases, as applicable.
On December 7, 2021, the Landstar System, Inc.
−Removed: 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: Board of Directors
+Added: 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.
On December 6, 2022, the Landstar System, Inc.
2 unchanged sentences
Board of Directors authorized the Company to purchase up to 319,332 additional shares of its common stock from time to time in the open market and in privately negotiated transactions under its share purchase program.
−Removed: As of March 30, 2024, the Company had authorization to purchase in the aggregate up to 3,000,000 shares of its common stock under these programs.
+Added: As of June 29, 2024, the Company had authorization to purchase in the aggregate up to 2,684,351 shares of its common stock under these programs.
No specific expiration date has been assigned to the December 7, 2021, December 6, 2022 or December 4, 2023 authorizations.
−Removed: 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: 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 (as further amended as of June 21, 2024, 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.