2 unchanged sentences
Our common stock is listed on the NASDAQ Global Select Market under the symbol “METC” and our Notes are listed on the NASDAQ Global Select Market under the symbol “METCL.”
−Removed: As of the close of business on March 29, 2022, there were sixty-two holders of record of our common stock.
+Added: As of the close of business on February 28, 2023, there were eighty-four holders of record of our common stock.
Because many of our common shares are held by brokers and other institutions on behalf of stockholders, we are unable to estimate the total number of stockholders represented by these holders of record.
−Removed: On December 9, 2021, the Company announced that its board of directors declared a $0.0567 per common share cash dividend payable on March 15, 2022 to shareholders of record as of March 1, 2022.
−Removed: Subsequent to this announcement, the board of directors doubled the first dividend payment.
−Removed: See Item 7 of Part II, “Management’s Discussion and Analysis of Financial Condition and Results of Operations—Liquidity and Capital Resources.”
−Removed: Selected Financial Data
−Removed: On February 8, 2017, in connection with the closing of our initial public offering, we completed a corporate reorganization pursuant to which all the interests in Ramaco Development, LLC (“Ramaco Development”), our accounting predecessor, were exchanged for newly issued shares of common stock of Ramaco Resources and as a result, Ramaco Development became a wholly-owned subsidiary of Ramaco Resources.
−Removed: As such, the financial information presented below for the periods through February 8, 2017 pertains to the historical financial statements and results of operations of Ramaco Development.
−Removed: The selected historical consolidated financial data for the remaining periods were derived from our audited historical consolidated financial statements.
−Removed: Historical results are not necessarily indicative of future results.
−Removed: Please read the following table in conjunction with “Management’s Discussion and Analysis of Financial Condition and Results of
−Removed: Operations,” the historical consolidated financial statements of our predecessor and accompanying notes included elsewhere in this Annual Report.
−Removed: Year Ended December 31,
−Removed: (In thousands)
−Removed: Income Statement data:
−Removed: Cost and expenses
−Removed: Cost of sales (exclusive of items shown separately below)
−Removed: Other operating costs and expenses
−Removed: Asset retirement obligation accretion
−Removed: Depreciation and amortization
−Removed: Selling, general and administrative
−Removed: Total cost and expenses
−Removed: Operating income (loss)
−Removed: Interest expense, net
−Removed: Income (loss) before tax
−Removed: Income tax expense (benefit)
−Removed: Net income (loss)
−Removed: Basic earnings (loss) per share
−Removed: Diluted earnings (loss) per share
−Removed: Cash Flow Data:
−Removed: Cash flows from operating activities
−Removed: Cash flows from investing activities
−Removed: Cash flows from financing activities
−Removed: Net change in cash and cash equivalents
−Removed: Operating Data:
−Removed: Company produced
−Removed: Total tons sold
−Removed: Tons produced
−Removed: Balance Sheet Data:
−Removed: Cash and cash equivalents
−Removed: Property, plant and equipment – net
−Removed: Current maturities of long-term debt
−Removed: Long-term debt, less current portion
−Removed: Other long-term obligations
−Removed: Total stockholders' equity
+Added: On December 8, 2022, the Company announced that its board of directors declared a $0.1250 per common share cash dividend payable on March 15, 2023 to shareholders of record as of March 1, 2023, which represents a 10% increase in the quarterly cash dividends paid in 2022 of $0.1133 per common share.
+Added: The Company anticipates paying dividends on a quarterly basis at the newly approved amount;
+Added: however, future declarations of dividends are subject to Board of Directors’ approval and may be adjusted as business needs or market conditions change.
+Added: Equity Compensation Plans .
+Added: The Company does not have any non-stockholder approved equity compensation plans.
+Added: Refer to Part II, Item 8, Note 9 for the Company’s equity compensation plan information.
+Added: Stock repurchases .
+Added: The Company routinely allows employees to surrender common stock to pay estimated taxes upon the vesting or exercise of stock-based compensation awards.
+Added: The value of common stock tendered by employees is determined based on the price of the Company’s common stock at the time of relinquishment.
+Added: There were no other repurchases of common shares during the quarter or year ended December 31, 2022.
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