3 unchanged sentences
Approximate Number of Security Holders
−Removed: The number of holders of record of NAPCO's Common Stock as of August 26, 2022 was 63 (such number does not include beneficial owners of stock held in nominee name).
+Added: The number of holders of record of NAPCO’s Common Stock as of September 7, 2023 was 59 (such number does not include beneficial owners of stock held in nominee name).
Dividend Information
−Removed: NAPCO has never declared or paid a cash dividend with respect to its Common Stock.
+Added: On May 5, 2023, the Company’s Board of Directors declared a cash dividend of $.0625 per share payable on June 12, 2023 to stockholders of record on May 22, 2023.
+Added: On August 18, 2023, the Company’s Board of Directors declared a cash dividend of $.08 per share payable on September 22, 2023 to stockholders of record on September 1, 2023.
Equity Compensation Plan Information as of June 30, 2023
11 unchanged sentences
Equity compensation plans not approved by security holders:
+Added: (1) In August 2022, the stockholders approved the 2022 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 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 100,000 shares of the Company’s common stock to be acquired by the holders of such awards.
12 unchanged sentences
Net cash flows used in investing activities
−Removed: Net cash flows provided by (used in) financing activities
+Added: Net cash flows (used in) provided by financing activities
Per Share Data:
6 unchanged sentences
Stockholders' equity
−Removed: (1) The Company has never paid a cash dividend on its common stock.
(1) Working capital is calculated by deducting Current Liabilities from Current Assets.
+Added: (2) The Company announced the initiation of a quarterly dividend program with the first dividend of $.0625 per share to be paid on June 12, 2023, to shareholders of Record on May 22, 2023.
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.