5 unchanged sentences
On March 14, 2022, the last reported sale price of our common stock as reported by the New York Stock Exchange was $11.82 per share.
−Removed: The following graph shows a five year comparison of the cumulative total stockholder return on our common stock as compared to the cumulative total return of two other indexes:
−Removed: a custom composite index of the Philadelphia Oil Service Index and the Standard & Poor’s 500 Composite Stock Price Index.
−Removed: These comparisons assume an initial investment of $100 and the reinvestment of dividends.
−Removed: The performance graph shall not be deemed incorporated by reference by any general statement incorporating by reference this Annual Report on Form 10-K into any filing under the Securities Act of 1933 or the Securities Exchange Act of 1934, except to the extent that we specifically incorporate this information by reference, and shall not otherwise be deemed filed under those Acts.
To date, we have not declared or paid any dividends on our common stock.
14 unchanged sentences
Stock Option Plan 200,834 (1) $ 21.17 345,003
−Removed: Restricted Stock / Unit Plan (2)
−Removed: 34,899 $ 24.55 —
2019 Equity Incentive Plan 276,319 $ 9.67 47,135
1 unchanged sentence
(1) Total number of shares to be issued upon exercise of options granted to employees, officers, and directors under our 1998 Stock Option Plan.
−Removed: (2) The Restricted Stock/Unit Plan expired on June 20, 2019.
−Removed: The outstanding shares/units as of December 31, 2020, will vest in 2021 assuming the participant remains employed up to the vesting date, subject to acceleration under certain circumstances.
−Removed: Stock Repurchase Program
−Removed: On August 12, 2019, the Company announced the Board of Directors had authorized the repurchase of up to $10.0 million of its outstanding shares of common stock in the open market, block trades or privately negotiated transactions.
−Removed: The timing and extent of any repurchase is subject to the discretion of management and is dependent upon market pricing and conditions, business, legal, accounting and other considerations.
−Removed: The repurchase program does not obligate the Company to purchase any shares and was set to expire on September 30, 2020, subject to earlier termination of the program by the Board of Directors.
−Removed: On October 23, 2020, the Board of Directors authorized the extension of the repurchase program through September 30, 2021.
−Removed: The repurchase program may be modified, suspended or terminated at any time without notice, in the Company’s discretion, based upon a number of factors, including market conditions, the cost of repurchasing shares, the availability of alternative investment opportunities, liquidity, the need for capital in the Company’s operations and other factors deemed appropriate.
−Removed: The Company intends to finance the repurchases with existing liquidity and free cash flow.
−Removed: To date, the Company repurchased 37,936 of its outstanding shares of common stock with a value of $490,000, at an average price of $12.91.
−Removed: No repurchases were made during 2020.
−Removed: As of December 31, 2020, the Company had approximately $9.5 million remaining under the repurchase authorization.
Sale of Unregistered Securities
We made no sales of unregistered securities during the year ended December 31, 2021.
+Added: The following table summarizes our purchases of shares of common stock during the three months ended December 31, 2021.
+Added: ISSUER PURCHASES OF EQUITY SECURITIES 1,2
+Added: (a) (b) (c) (d)
+Added: For the Three Months Ended December 31, 2021
+Added: 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 Plans or Programs 3
+Added: (dollars in thousands)
+Added: October 1, 2021 to October 31, 2021 101,481 $11.57 101,481 $8,908
+Added: November 1, 2021 to November 30, 2021 110,243 $11.53 110,243 $7,637
+Added: December 1, 2021 to December 31, 2021 92,950 $10.51 92,950 $6,660
+Added: 1 The table summarizes repurchases of (and remaining authority to repurchase) shares of our Common Stock.
+Added: 2 The figures in the table reflect transactions according to the settlement dates.
+Added: For purposes of our consolidated financial statements included in this Form 10-K, the impact of these repurchases is recorded according to the settlement dates.
+Added: 3 On September 30, 2021, our Board of Directors authorized the repurchase of up to $10.0 million of our outstanding Common Stock in the open market (pursuant to Rule 10b5-1 plans or otherwise), block trades or privately negotiated transactions.
+Added: This repurchase program is set to expire on September 30, 2022.
+Added: The amounts in this column indicate the remaining amounts that may yet be expended to repurchase shares under these authorizations.
SELECTED FINANCIAL DATA
1 unchanged sentence
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.