2 unchanged sentences
Our common stock, $0.01 par value, is traded on The Nasdaq Global Select Market under the symbol “NCMI”.
−Removed: There were 221 stockholders of record as of April 10, 2023 (does not include beneficial holders of shares held in “street name”).
+Added: There were 284 stockholders of record as of March 14, 2024 (does not include beneficial holders of shares held in “street name”).
Dividend Policy
−Removed: We intend to distribute substantially all of our free cash flow (distributions from NCM LLC less income taxes and payments under the tax receivable agreement with the founding members) in the form of dividends to our stockholders.
−Removed: The declaration, payment, timing and amount of any dividends payable will be at the sole discretion of our Board of Directors who will take into account general economic and advertising market business conditions, our financial condition, our available cash, our current and anticipated cash needs, including opportunities to reinvest in our business and any other factors that the Board of Directors considers relevant which includes short-term and long-term impacts to the Company related to the COVID-19 Pandemic and restrictions under the NCM LLC Credit Agreement and the Revolving Credit Agreement 2022 (as defined herein), entered into on January 5, 2022.
−Removed: The Company intends to pay a regular dividend for the foreseeable future at the discretion of the Board of Directors consistent with the Company’s intention to distribute substantially all its free cash flow to stockholders through a dividend.
−Removed: Under Delaware law, dividends may be payable only out of surplus, which is our total assets minus total liabilities less the par value of our common stock, or, if we have no surplus, out of our net profits for the fiscal year in which the dividend is declared and/or the preceding fiscal ye ar.
−Removed: For tax purposes, our dividends paid in 2021 and 2022 were treated as non-dividend distributions to stockholders.
+Added: At the discretion of the Board of Directors, it is the Company’s intention to distribute substantially all its free cash flow to stockholders through dividends.
+Added: The declaration, payment, timing and amount of any future dividends payable will be at the sole discretion of the Board of Directors who will take into account general economic and advertising market business conditions, the Company’s financial condition, available cash, current and anticipated cash needs and any other factors that the Board of Directors considers relevant.
Issuer Purchases of Equity Securities
8 unchanged sentences
September 29, 2023 through October 26, 2023 — $ — — N/A
−Removed: October 28, 2022 through December 1, 2022 — $ — — N/A
+Added: October 27, 2023 through November 30, 2023 — $ — — N/A
December 1, 2023 through December 28, 2023 — $ — — N/A
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.