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Issuer Purchases of Equity Securities
−Removed: The table below sets forth information with respect to purchases we made of our common stock during the first quarter of fiscal year 2024.
−Removed: Purchased Average Price
−Removed: Per Share Total Number
−Removed: Part of Publicly
−Removed: Programs Maximum
−Removed: Under the Plans
−Removed: or Programs (C)
−Removed: July 1 to July 31, 2023
−Removed: Stock Buyback Program (A) — $ — — 1,349,037
−Removed: Employee Transactions (B) — $ — — —
−Removed: August 1 to August 31, 2023
−Removed: Stock Buyback Program (A) — $ — — 1,349,037
−Removed: Employee Transactions (B) 55,324 $ 8.25 — —
−Removed: September 1 to September 30, 2023
−Removed: Stock Buyback Program (A) — $ — — 1,349,037
−Removed: Employee Transactions (B) — $ — — —
−Removed: (A) Represents shares purchased under our Stock Buyback Program.
−Removed: (B) Represents shares withheld to satisfy the employee’s tax withholding obligation that is incurred upon the vesting of deferred shares granted under our stock incentive plans.
−Removed: (C) We may repurchase common stock pursuant to the Stock Buyback Program, which was approved by the board of directors in November 2018.
+Added: We may repurchase common stock pursuant to the Stock Buyback Program, which was approved by the board of directors in November 2018.
Under the program, the aggregate number of shares repurchased may not exceed 2,707,175 shares.
+Added: As of December 31, 2023, 1,349,037 shares were available for repurchase under the stock buyback program.
We may repurchase our stock from time to time in the open market at prevailing market prices or in privately negotiated transactions and are not obligated to purchase any shares.
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The terms of our ABL Facility also limit share repurchases to $2.5 million per fiscal year provided that we meet certain availability thresholds and we do not violate our Fixed Charge Coverage Ratio financial covenant.
−Removed: We made no repurchases under the program in the first quarter of fiscal 2024 and have no current plans to repurchase stock.
+Added: We made no repurchases under the stock buyback program in the second quarter of fiscal 2024 and have no current plans to repurchase stock.
Dividend Policy
7 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.