Unregistered Sales of Equity Securities and Use of Proceeds
−Removed: The following table provides information regarding our repurchases of our common stock during the second quarter of 2021:
+Added: On May 1, 2020, we announced that our Board of Directors had approved a two-year stock repurchase program authorizing us to repurchase up to an aggregate of $700.0 million of our outstanding common stock (the “2020 Repurchase Program”).
+Added: The 2020 Repurchase Program became effective upon the termination of our $350.0 million repurchase program on May 29, 2020.
+Added: Under our repurchase programs, we may repurchase shares from time to time in open market purchases or through privately negotiated transactions.
+Added: Shares of our common stock repurchased under our repurchase programs are canceled at the time of repurchase and are classified as authorized but unissued shares of our common stock.
+Added: On July 28, 2021, we announced that our Board of Directors had approved a new stock repurchase program authorizing us to repurchase up to an aggregate of $2.0 billion of our outstanding common stock (the “2021 Repurchase Program”).
+Added: The 2021 Repurchase Program, which does not have an expiration date, will begin after the completion of the 2020 Repurchase Program.
+Added: At September 30, 2021, our repurchase programs had $2.02 billion remaining available, including $62.5 million that is deferred until final settlement occurs on the August 2021 ASR Agreement (as defined below), leaving $1.96 billion remaining available and uncommitted.
+Added: The following table provides information regarding our repurchases of our common stock during the third quarter of 2021:
ISSUER PURCHASES OF EQUITY SECURITIES
3 unchanged sentences
Approximate Dollar Value of Shares that May Yet Be Purchased Under the Programs
−Removed: April 1 - 30, 2021
−Removed: May 1 - 31, 2021
−Removed: June 1 - 30, 2021
−Removed: On May 1, 2020, we announced that our Board of Directors had approved a two-year stock repurchase program authorizing us to repurchase up to an aggregate of $700.0 million of our outstanding common stock (the “2020 Repurchase Program”).
−Removed: The 2020 Repurchase Program became effective upon the termination of our $350.0 million repurchase program on May 29, 2020.
−Removed: Under our repurchase programs, we may repurchase shares from time to time in open market purchases or through privately negotiated transactions.
−Removed: Shares of our common stock repurchased under our repurchase programs are canceled at the time of repurchase and are classified as authorized but unissued shares of our common stock.
−Removed: On July 28, 2021, we announced that our Board of Directors had approved a new stock repurchase program authorizing us to repurchase up to an aggregate of $2.0 billion of our outstanding common stock.
−Removed: The new repurchase program, which does not have an expiration date, will be effective upon the completion of our 2020 Repurchase Program.
−Removed: At June 30, 2021, our 2020 Repurchase Program had $275.0 million remaining available, including $68.7 million that is deferred until the third quarter when the final settlement occurs on our current accelerated share repurchase agreement, leaving $206.3 million remaining available and uncommitted.
+Added: July 1 - 31, 2021
+Added: 2,275,018,788
+Added: August 1 - 31, 2021 (1) (2)
+Added: 2,018,768,935
+Added: September 1 - 30, 2021
+Added: 2,018,768,935
+Added: The total number of shares purchased includes the final settlement of 140,716 shares of our common stock under an accelerated share repurchase agreement entered into with a third-party financial institution on February 25, 2021.
+Added: The final number of shares received was based on the daily volume-weighted average share price during the term of agreement, less a negotiated discount.
+Added: The total number of shares purchased includes the initial delivery of 655,365 shares of our common stock under an accelerated share repurchase agreement entered into with a third-party financial institution on August 26, 2021 (the “August 2021 ASR Agreement”), representing approximately 75% of the total value of shares to be received by us under the terms of the agreement.
+Added: The remaining shares are expected to settle during the first quarter of 2022, but may settle earlier in certain circumstances.
+Added: The total number of shares repurchased and the related cost per share will be based on the daily volume-weighted average share price of our common stock during the term of the agreement, less a negotiated discount.
The exhibits listed in the accompanying Exhibit Index are filed as a part of this report.
1 unchanged sentence
TO QUARTERLY REPORT ON FORM 10-Q
−Removed: Amended and Restated Bylaws of Old Dominion Freight Line, Inc.
−Removed: (as amended through May 19, 2021) (Incorporated by reference to the exhibit of the same number contained in the Company's Current Report on Form 8-K filed on May 20, 2021)
Certification Pursuant to Rule 13a-14(a) or 15d-14(a) of the Exchange Act, as Adopted Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002
4 unchanged sentences
Section 1350, as Adopted Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002
−Removed: The following financial information from our Quarterly Report on Form 10-Q for the quarter ended June 30, 2021, filed on August 5, 2021, formatted in iXBRL ( Inline eXtensible Business Reporting Language) includes:
−Removed: (i) the Condensed Balance Sheets at June 30, 2021 and December 31, 2020, (ii) the Condensed Statements of Operations for the three and six months ended June 30, 2021 and 2020, (iii) the Condensed Statements of Changes in Shareholders’ Equity for the six months ended June 30, 2021 and 2020, (iv) the Condensed Statements of Cash Flows for the six months ended June 30, 2021 and 2020, and (v) the Notes to the Condensed Financial Statements
−Removed: The cover page from our Quarterly Report on Form 10-Q for the quarter ended June 30, 2021, formatted in iXBRL
+Added: The following financial information from our Quarterly Report on Form 10-Q for the quarter ended September 30, 2021, filed on November 3, 2021, formatted in iXBRL ( Inline eXtensible Business Reporting Language) includes:
+Added: (i) the Condensed Balance Sheets at September 30, 2021 and December 31, 2020, (ii) the Condensed Statements of Operations for the three and nine months ended September 30, 2021 and 2020, (iii) the Condensed Statements of Changes in Shareholders’ Equity for the three and nine months ended September 30, 2021 and 2020, (iv) the Condensed Statements of Cash Flows for the nine months ended September 30, 2021 and 2020, and (v) the Notes to the Condensed Financial Statements
+Added: The cover page from our Quarterly Report on Form 10-Q for the quarter ended September 30, 2021, formatted in iXBRL
Our SEC file number reference for documents filed with the SEC pursuant to the Securities Exchange Act of 1934, as amended, is 0-19582.
1 unchanged sentence
OLD DOMINION FREIGHT LINE, INC.
−Removed: August 5, 2021
+Added: November 3, 2021
Senior Vice President - Finance and Chief Financial Officer
(Principal Financial Officer)
−Removed: August 5, 2021
+Added: November 3, 2021
/s/ KIMBERLY S.
2 unchanged sentences
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.