3 unchanged sentences
The number of shareholders of record of the Company at March 30, 2023 was 321.
−Removed: The Company has historically paid a quarterly cash dividend to stockholders and, since the completion of its second-step conversion on July 12, 2021, has declared a quarterly cash dividend of $0.06 per share.
−Removed: The Company presently intends to continue to pay regular cash dividends on a quarterly basis.
−Removed: However, in determining the amount of any future dividends, the board of directors will take into account the Company’s financial condition and results of operations, tax considerations, capital requirements and alternative uses for capital, industry standards, and economic conditions.
+Added: The Company has historically paid a quarterly cash dividend to stockholders.
+Added: During the year ended December 31, 2022, the Company paid regular quarterly cash dividends of $0.06 per share.
+Added: As previously disclosed, the Company’s Board of Directors also declared a one-time special cash dividend of $0.18 per share, which was paid on May 31, 2022, to shareholders of record at the close of business on May 16, 2022.
+Added: In determining the amount of any future dividends, the board of directors will take into account the Company’s financial condition and results of operations, tax considerations, capital requirements and alternative uses for capital, industry standards, and economic conditions.
The Company cannot guarantee that it will pay continue to pay dividends or that, if paid, it will not reduce or eliminate dividends in the future.
Securities Authorized for Issuance Under Equity Compensation Plans
+Added: The following table sets forth information regarding outstanding options and shares outstanding under the Company’s previously disclosed 2022 Equity Incentive Plan at December 31, 2022:
+Added: Numbers of Securities
+Added: Remaining Available
+Added: for Future Issuance
+Added: Numbers of Securities to
+Added: Weighted-Average
+Added: be Issued Upon Exercise
+Added: Exercise Price of
+Added: Compensation Plans
+Added: of Outstanding Options,
+Added: Outstanding Options,
+Added: (Excluding Securities
+Added: Warrants and Rights
+Added: Warrants and Rights
+Added: Reflected in Column (a))
+Added: Equity compensation plan approved by security holders
+Added: Equity compensation plan not approved by security holders
Share Repurchases
−Removed: Under current federal regulations, subject to limited exceptions, the Company may not repurchase shares of our common stock during the first year following the completion of its second-step conversion offering, which was completed on July 12, 2021.
−Removed: The Company did not repurchase any shares of its common stock during the quarter or fiscal year ended December 31, 2021.
+Added: On July 27, 2022, the Company announced that its Board of Directors had authorized a stock repurchase program to acquire up to 1,637,794 shares, or 10%, of the Company's currently issued and outstanding common stock commencing on August 1, 2022.
+Added: The stock repurchase program is the Company’s first repurchase program since completing its second-step conversion and related stock offering in July 2021.
+Added: The following table provides information on repurchases by the Company of its common stock under the Company’s stock repurchase program during the three months ended December 31, 2022:
+Added: Total Number of Shares
+Added: Maximum Number of
+Added: Purchased as Part of
+Added: Shares that May Yet Be
+Added: Total Number of
+Added: Average Price Paid
+Added: Publicly Announced
+Added: Purchased Under the
+Added: Shares Purchased
+Added: Plans or Programs
+Added: Plans or Programs
+Added: October 1 - 31, 2022
+Added: November 1 - 30, 2022
+Added: December 1 - 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.