Market for the Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities
−Removed: Our Class A Common Stock, par value $0.01 per share (“Class A Common Stock”), is listed on the New York Stock Exchange (“NYSE”) under the symbol “MSGS.” The Company’s Class A Common Stock began “regular way” trading on the NYSE on October 1, 2015.
+Added: Our Class A Common Stock, par value $0.01 per share (“Class A Common Stock”), is listed on the New York Stock Exchange (“NYSE”) under the symbol “MSGS.”
Performance Graph
2 unchanged sentences
The comparison assumes an investment of $100 on June 30, 2018 and reinvestment of dividends.
−Removed: The MSGE Distribution is treated as a reinvestment of a special dividend pursuant to SEC rules.
+Added: The Sphere Distribution is treated as a reinvestment of a special dividend pursuant to SEC rules.
The stock price performance included in this graph is not necessarily indicative of future stock performance.
10 unchanged sentences
As of June 30, 2023, there were 16 holders of record of our Class B Common Stock.
−Removed: We did not pay any cash dividend on our common stock during fiscal year 2022 and do not have any current plans to pay a cash dividend on our common stock for the foreseeable future.
+Added: On October 6, 2022, the Company announced that its Board of Directors declared a special cash dividend of $7.00 per share, which was paid on October 31, 2022 to stockholders to record as of October 17, 2022.
+Added: Any decisions regarding the payment of future dividends on our common stock will be made by our Board of Directors from time to time in accordance with applicable law, and there can be no assurance that dividends will be paid in the future.
Issuer Purchases of Equity Securities
As of June 30, 2023, the Company had approximately $185 million remaining under the $525 million Class A Common Stock share repurchase program authorized by the Company’s Board of Directors on September 11, 2015.
−Removed: Under the authorization, shares of Class A Common Stock may be purchased from time to time in accordance with applicable insider trading and other securities laws and regulations, with the timing and amount of purchases depending on market conditions and other factors.
−Removed: The Company has been funding and expects to continue to fund stock repurchases through a combination of cash on hand and cash generated by operations.
−Removed: During the fiscal year ended June 30, 2022, the Company did not engage in any share repurchase activity under its share repurchase program.
+Added: Under the authorization, shares of Class A Common Stock may be purchased from time to time in open market or private transactions, block trades or such other manner as the Company may determine, in accordance with applicable insider trading and other securities laws and regulations, with the timing and amount of purchases depending on market conditions and other factors.
+Added: The Company has been funding and expects to continue to fund stock repurchases through a combination of cash on hand, cash generated by operations and available borrowing capacity under its existing credit facilities.
+Added: During the three months ended June 30, 2023, the Company did not engage in any share repurchase activity under its share repurchase program.
Securities Authorized for Issuance Under Equity Compensation Plans
−Removed: The information required by this Item is incorporated by reference to the definitive Proxy Statement for our 2022 Annual Meeting of Stockholders, which is expected to be filed with the SEC within 120 days of our fiscal year end.
+Added: The information required by Item 201(d) is incorporated by reference to the definitive proxy statement for our 2023 Annual Meeting of Stockholders, which is expected to be filed with the SEC within 120 days of our fiscal year end.
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.