14 unchanged sentences
Maximum Number (or
−Removed: Approximate Dollar
−Removed: Value) of Shares
−Removed: that May Yet Be Purchased
−Removed: Under the Plans or Programs (a)
+Added: Approximate Dollar Value)
+Added: of Shares that May Yet Be
+Added: Purchased Under the Plans
+Added: or Programs (a)
January 1 – January 31, 2024
1 unchanged sentence
March 1 – March 31, 2024
−Removed: 110,750 (b) (c)
−Removed: 114,312 (b) (c)
Effective November 5, 2022, the Company’s Board of Directors authorized the Company to repurchase up to $50.0 million of Modine common stock at such times and prices that it deems to be appropriate.
−Removed: This authorization expires in
−Removed: November 2024.
+Added: This authorization expires in November
Includes shares delivered back to the Company by employees and/or directors to satisfy tax withholding obligations that arise upon the vesting of stock awards.
−Removed: The Company, pursuant to its equity compensation plans, gives participants
−Removed: the opportunity to turn back to the Company the number of shares from the award sufficient to satisfy tax withholding obligations that arise upon the termination of restrictions.
+Added: The Company, pursuant to its equity compensation plans, gives participants the
+Added: opportunity to turn back to the Company the number of shares from the award sufficient to satisfy tax withholding obligations that arise upon the termination of restrictions.
These shares are held as treasury shares.
−Removed: Includes shares acquired pursuant to the repurchase program described in (a) above.
PERFORMANCE GRAPH
−Removed: The following graph compares the cumulative five-year total return on our common stock with similar returns on the Russell 2000 Index and the Standard & Poor’s (S&P) SmallCap 600 Industrials Index.
−Removed: The graph assumes a $100 investment
−Removed: and reinvestment of dividends.
+Added: The following graph compares the cumulative five-year total return on our common stock with similar returns on the Russell 2000 Index, the Standard &
+Added: Poor’s (S&P) MidCap 400 Industrials Index, and the S&P SmallCap 600 Industrials Index.
+Added: B ased upon the Company’s higher market capitalization as compared with the
+Added: prior year, the Company determined the S&P MidCap 400 Industrials Index was more representative of its business and plans to replace the S&P
+Added: SmallCap 600 Industrials Index for purposes of this graph beginning in fiscal 2025.
+Added: The graph assumes a $100 investment and reinvestment of dividends.
The return shown on the graph is not necessarily indicative of future performance.
6 unchanged sentences
Russell 2000 Index
+Added: S&P MidCap 400 Industrials Index
S&P SmallCap 600 Industrials Index
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.