3 unchanged sentences
A substantially greater number of owners of our common stock are beneficial holders, whose shares of record are held by banks, brokers, and other financial institutions.
−Removed: The transfer agent for our common stock is Computershare, Inc., 462 South 4th Street, Louisville, KY 40202 (www.computershare.com).
−Removed: The following graph compares the five-year total return of our common stock with the S&P 500 Index and the Dow Jones US Home Construction Index.
−Removed: The graph assumes $100 invested as of December 31, 2016 in Meritage Common Stock, the S&P 500 Index and the Dow Jones US Home Construction Index, and the re-investment of all dividends.
+Added: The transfer agent for our common stock is Computershare, Inc., P.O.
+Added: Box 43006, Providence, RI 02940-3006 (www.computershare.com).
+Added: The following graph compares the five-year total return of our common stock with the S&P 500 Index ("S&P") and the Dow Jones US Home Construction Index ("DJ US Home Const.
+Added: The graph assumes $100 invested as of December 31, 2017 in Meritage Common Stock, the S&P and the DJ US Home Const.
+Added: Index, and the re-investment of all dividends.
The performance of our common stock depicted in the graphs is not indicative of future performance.
3 unchanged sentences
Dow Jones US Home Construction Index 100.00 67.87 99.53 121.89 183.86 142.02
−Removed: The preceding Performance Graph and related information shall not be deemed to be “soliciting material” or to be “filed” with the Securities and Exchange Commission, nor shall such information be incorporated by reference into any filing under the Securities Act or the Exchange Act, each as amended, except to the extent that we specifically incorporate it by reference into such filing.
−Removed: Historically, we have not declared cash dividends, nor do we intend to declare cash dividends in the foreseeable future.
−Removed: We plan to retain our earnings to finance the continuing operation and growth of the business.
+Added: The preceding Performance Graph and related information shall not be deemed to be “soliciting material” or to be “filed” with the SEC, nor shall such information be incorporated by reference into any filing under the Securities Act or the Exchange Act, each as amended, except to the extent that we specifically incorporate it by reference into such filing.
+Added: Historically, we have not declared cash dividends, although we may do so in the future.
Future cash dividends, if any, will depend upon our financial condition, results of operations, capital requirements, statutory requirements, restrictions imposed by our Credit Facility, as well as other factors considered relevant by our Board of Directors.
1 unchanged sentence
Issuer Purchases of Equity Securities
−Removed: On February 13, 2019, the Board of Directors authorized a new stock repurchase program, authorizing the expenditure of
−Removed: up to $100.0 million to repurchase shares of our common stock.
+Added: On February 13, 2019, our Board of Directors authorized a new stock repurchase program, authorizing the expenditure of up to $100.0 million to repurchase shares of our common stock.
On November 13, 2020, the Board of Directors authorized the expenditure of an additional $100.0 million to repurchase shares of our common stock under this program.
−Removed: On August 12, 2021, the Board of Directors authorized the expenditure of an additional $100.0 million to repurchase shares of our common stock under this program.
+Added: On August 12, 2021, the Board of Directors authorized the expenditure of an additional $100.0 million to repurchase shares of our common stock under this program, which was announced on August 17, 2021.
+Added: On May 19, 2022, the Board of Directors authorized the expenditure of an additional $200.0 million to repurchase shares of our common stock under this program, which was announced on May 25, 2022.
There is no stated expiration for this program.
4 unchanged sentences
As of December 31, 2022, there was approximately $244.1 million available under this program to repurchase shares.
−Removed: A summary of the Company's repurchase activity for the three months ended December 31, 2021 is as follows:
−Removed: Period Total Number of Shares Purchased Average price paid per share Total number of shares purchased as part of publicly announced plans or programs Approximate dollar value of shares that may yet be purchased under the plans or programs
−Removed: October 1, 2021 - October 31, 2021 243,885 $ 98.30 243,885 $ 153,380,935
−Removed: November 1, 2021 - November 30, 2021 — $ — — $ 153,380,935
−Removed: December 1, 2021 - December 31, 2021 — $ — — $ 153,380,935
−Removed: Total 243,885 243,885
+Added: We did not purchase any shares under the program during the three months ended December 31, 2022.
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.