What changed in this filing

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Item 5. Market for Registrant’s Common Equity

2021-09-13 compared with 2020-09-15 · 26 added, 50 removed, 29 unchanged (72% of the section changed)

MARKET FOR THE REGISTRANT'S COMMON

EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES.

MARKET FOR THE REGISTRANT'S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES.

Principal Market

NAPCO's Common Stock is traded on the NASDAQ

Stock Market, Global Market System, under the symbol NSSC.

NAPCO's Common Stock is traded on the NASDAQ Stock Market, Global Market System, under the symbol NSSC.

Approximate Number of Security Holders

The number of holders of record of NAPCO's

Common Stock as of September 10, 2020 was 71 (such number does not include beneficial owners of stock held in nominee name).

The number of holders of record of NAPCO's Common Stock as of September 10, 2021 was 62 (such number does not include beneficial owners of stock held in nominee name).

Dividend Information

NAPCO has declared no cash dividends during

the past two years with respect to its Common Stock.

Equity Compensation Plan Information

as of June 30, 2020

PLAN CATEGORY

OF SECURITIES

NAPCO has declared no cash dividends during the past two years with respect to its Common Stock.

Equity Compensation Plan Information as of June 30, 2021

NUMBER OF SECURITIES

WEIGHTED AVERAGE

REMAINING AVAILABLE FOR

TO BE ISSUED UPON

OUTSTANDING OPTIONS

EXERCISE PRICE OF

OF SECURITIES

REMAINING AVAILABLE FOR

FUTURE ISSUANCE (EXCLUDING

SECURITIES REFLECTED IN

OUTSTANDING OPTIONS

PLAN CATEGORY

Equity compensation plans approved by security holders:

Equity compensation plans not approved by security holders:

(1) In May 2020, the stockholders approved the 2020 Non-Employee

Stock Option Plan which authorizes the granting of awards, the exercise of which would

allow up to an aggregate of 50,000 shares of the Company's common stock to be acquired

by the holders of such awards.

In December 2018, the stockholders approved the 2018 Non-Employee

Stock Option Plan which authorizes the granting of awards, the exercise of which would

allow up to an aggregate of 50,000 shares of the Company's common stock to be acquired

by the holders of such awards.

In December 2012, the stockholders approved the 2012 Employee

Stock Option Plan which authorizes the granting of awards, the exercise of which would

allow up to an aggregate of 950,000 shares of the Company's common stock to be acquired

by the holders of such awards.

In December 2012, the stockholders also approved the 2012

Non-Employee Stock Option Plan which authorizes the granting of awards, the exercise

of which would allow up to an aggregate of 50,000 shares of the Company's common stock

to be acquired by the holders of such awards.

(1) In May 2020, the stockholders approved the 2020 Non-Employee Stock Option Plan which authorizes the granting of awards, the exercise of which would allow up to an aggregate of 50,000 shares of the Company's common stock to be acquired by the holders of such awards.

In December 2018, the stockholders approved the 2018 Non-Employee Stock Option Plan which authorizes the granting of awards, the exercise of which would allow up to an aggregate of 50,000 shares of the Company's common stock to be acquired by the holders of such awards.

In December 2012, the stockholders approved the 2012 Employee Stock Option Plan which authorizes the granting of awards, the exercise of which would allow up to an aggregate of 950,000 shares of the Company's common stock to be acquired by the holders of such awards.

In December 2012, the stockholders also approved the 2012 Non-Employee Stock Option Plan which authorizes the granting of awards, the exercise of which would allow up to an aggregate of 50,000 shares of the Company's common stock to be acquired by the holders of such awards.

SELECTED FINANCIAL DATA.

The table below summarizes selected financial

For further information, refer to the audited consolidated financial statements and the notes thereto beginning on

page FS-1 of this report.

The table below summarizes selected financial information.

For further information, refer to the audited consolidated financial statements and the notes thereto beginning on page FS-1 of this report.

Fiscal Year Ended and at June 30,

15 unchanged sentences

Stockholders' equity

(1) The Company has never paid a cash

dividend on its common stock.

(2) Working capital is calculated by deducting

Current Liabilities from Current Assets.

(3) Prior period balances have been reclassified

to conform to the current period presentation.

Accounting Standards Update (“

2014-09 was adopted on July 1, 2018, which resulted in an increase in sales

allowance reserves (i.e.

(1) The Company has never paid a cash dividend on its common stock.

(2) Working capital is calculated by deducting Current Liabilities from Current Assets.

(3) Prior period balances have been reclassified to conform to the current period presentation.

(4) Accounting Standards Update (“ASU”) No.

2014-09, Revenue from Contracts with Customers (Topic 606) was adopted on July 1, 2018, which resulted in an increase in sales allowance reserves (i.e.

refund liabilities) by a net of $1,627,000 and increase in other assets (i.e.

return related assets)

by a net of $716,000.

return related assets) by a net of $716,000.

See Footnote 2 to the consolidated financial statements.

2016-02, Leases (Topic

842) (ASU 2016-02) was adopted on July 1, 2019.

Adoption of the new standard resulted

in the recording of an operating ROU asset and lease liabilities of approximately $7.7

See Footnote 11 to the consolidated financial

2016-02, Leases (Topic 842) (ASU 2016-02) was adopted on July 1, 2019.

Adoption of the new standard resulted in the recording of an operating ROU asset and lease liabilities of approximately $7.7 million.

See Footnote 13 to the consolidated financial statements.

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.

What changed 10-K

Item 5. Market for Registrant’s Common Equity