6 unchanged sentences
Shares Purchased
−Removed: Average Price Paid Per Share
+Added: Average Price
+Added: Paid Per Share
Total Number of
17 unchanged sentences
Our share repurchase program does not obligate us to acquire any specific number of shares and shares may be repurchased in privately negotiated and/or open market transactions.
+Added: Sales of Unregistered Securities
+Added: On March 31, 2023, we issued $32,000,000 aggregate principal amount of convertible notes (the “Convertible Notes”) in a private placement offering to persons reasonably believed to be qualified institutional buyers pursuant to the exemption from
+Added: registration provided by Rule 144A under the Securities Act.
+Added: The Convertible Notes bear interest at a rate of 10% per year.
+Added: The Convertible Notes may either be redeemed for cash, converted into shares of our common
+Added: stock, or a combination thereof, at our election.
+Added: The Convertible Notes are presented as convertible notes, net of unamortized debt issuance costs, on the consolidated balance sheet.
+Added: The aggregate proceeds from the offering were approximately $ 31,280,000 million, net of initial purchasers’ fees and other related expenses.
+Added: The notes will mature on March 30, 2029, unless earlier converted, repurchased or redeemed.
+Added: The initial conversion rate is 66.6667 shares of our common
+Added: stock per $1,000 principal amount of notes (equivalent to an initial conversion price of approximately $15.00 per share of common stock).
Equity Compensation Plan Information
17 unchanged sentences
Equity compensation plans not approved by security holders
−Removed: Consists of (i) stock options issued under the 2004 Non-Employee Director Stock Option Plan, (ii) restricted stock units and restricted stock (collectively “RSUs”), performance stock units (PSU’s), and stock options issued under the
−Removed: Fourth Amended and Restated 2010 Incentive Award Plan (the “2010 Plan”), and (iii) RSUs issued under our 2014 Non-Employee Director Incentive Award Plan (the “2014 Plan”).
+Added: Consists of (i) 6,000 stock options issued under the 2004 Non-Employee Director Stock Option Plan, (ii) 366,169 restricted stock units and restricted stock (collectively “RSUs”), 192,696 performance stock units (PSU’s), and 1,226,745
+Added: stock options issued under the Fourth Amended and Restated 2010 Incentive Award Plan (the “2010 Plan”), (iii) 10,417 RSUs issued under our 2014 Non-Employee Director Incentive Award Plan (the “2014 Plan”), and (iv) 52,768 RSUs issued under
+Added: our 2022 Incentive Award Plan (the “2022 Plan”).
The weighted average exercise price does not reflect the shares that will be issued in connection with the settlement of RSUs and PSUs, since RSUs and PSUs have no exercise price.
−Removed: Consists of shares available for future issuance under our 2010 Plan and 2014 Plan.
+Added: Consists of shares available for future issuance under our 2022 Plan.
Stock Performance Graph
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.