1 unchanged sentence
Our board of directors has authorized the purchase of company stock.
−Removed: As of October 24, 2020, 4.5 million shares remained available for purchase pursuant to this authorization.
−Removed: As announced on March 29, 2020, share repurchases under the board of directors’ prior authorization were temporarily halted to prioritize near-term financial flexibility in response to the impact of COVID-19, as such, there were no share repurchases under the authorized plan in the second quarter of fiscal 2021.
−Removed: Amounts in the table below include shares purchased from employees to satisfy their withholding tax obligations upon vesting of restricted and performance-based shares.
−Removed: The following table summarizes our purchases of company stock during the quarter ended October 24, 2020:
+Added: During the fourth quarter of fiscal 2019, pursuant to the existing board authorization, we adopted a plan to purchase company stock pursuant to 10b5-1 of the Securities Exchange Act of 1934.
+Added: The plan was effective December 14, 2020.
+Added: Under this plan, our broker has the authority to purchase company shares on our behalf, subject to SEC regulations and the price, market volume and timing constraints specified in the plan.
+Added: The plan expires at the close of business on March 19, 2021.
+Added: We spent $0.9 million in the third quarter of fiscal 2021 to purchase less than 0.1 million shares.
+Added: As of January 23, 2021, 4.5 million shares remained available for purchase pursuant to this authorization.
+Added: With the cash flows we anticipate generating in fiscal 2021, we expect to continue being opportunistic in purchasing company stock.
+Added: The following table summarizes our purchases of company stock during the quarter ended January 23, 2021:
(Unaudited, amounts in thousands, except per share data) Total number of
shares purchased (1) Average price paid per share Total number of shares purchased as part of publicly announced plan (2) Maximum number of shares that may yet be purchased under the plan
−Removed: Fiscal August (July 26 – August 29, 2020) — $ — — 4,524
−Removed: Fiscal September (August 30 – September 26, 2020) — $ — — 4,524
−Removed: Fiscal October (September 27 – October 24, 2020) — $ — — 4,524
−Removed: Fiscal Second Quarter of 2021 — — 4,524
−Removed: (1) There were no shares purchased during the quarter as part of our publicly announced, board-authorized plan described above.
−Removed: During the quarter ended October 24, 2020, 191 shares were purchased from employees to satisfy their withholding tax obligations upon vesting of restricted shares with an average share price of $28.44 per share.
+Added: Fiscal November (October 25– November 28, 2020) — $ 36.07 — 4,524
+Added: Fiscal December (November 29 – December 26, 2020) 8 $ 39.48 8 4,516
+Added: Fiscal January (December 27 – January 23, 2021) 15 $ 39.89 14 4,502
+Added: Fiscal Third Quarter of 2021 23 $ 39.74 22 4,502
+Added: (1) In addition to the 22,050 shares we purchased during the quarter as part of our publicly announced, board-authorized plan described above, this column includes 710 shares purchased from employees to satisfy their withholding tax obligations upon vesting of restricted shares.
(2) On October 28, 1987, our board of directors announced the authorization of the plan to repurchase company stock.
12 unchanged sentences
(101.DEF) Inline XBRL Taxonomy Extension Definition Linkbase Document
−Removed: (104) The cover page from the Company’s Quarterly Report on Form 10-Q for the quarter ended October 24, 2020, formatted in Inline XBRL (included in Exhibit 101)
−Removed: * Indicates a management contract or compensatory plan or arrangement under which a director or executive officer may receive benefits.
+Added: (104) The cover page from the Company’s Quarterly Report on Form 10-Q for the quarter ended January 23, 2021, formatted in Inline XBRL (included in Exhibit 101)
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.
LA-Z-BOY INCORPORATED
−Removed: November 17, 2020
+Added: February 16, 2021
BY:/s/Lindsay A.
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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.