1 unchanged sentence
Our common stock is listed on the New York Stock Exchange (“NYSE”) under the symbol “OEC”.
−Removed: As of February 18, 2020, the closing price of our common stock on the NYSE was $16.20, and we had seven stockholders of record.
+Added: As of February 9, 2021, the closing price of our common stock on the NYSE was $17.61, and we had nine stockholders of record.
During the fiscal year ended December 31, 2020, we did not sell any equity securities that were not registered under the Securities Act.
From time to time, we may repurchase our common stock in the open market pursuant to programs approved by our Board.
−Removed: During 2019, we did not repurchase any shares of our common stock.
+Added: During fiscal years ended December 31, 2020 and 2019, we did not repurchase any shares of our common stock.
The information required by Item 201(d) of Regulation S-K is incorporated by reference to the Proxy Statement (as defined in Item 10 below) under the heading “Equity Compensation Plan Information at December 31, 2020.”
3 unchanged sentences
Generally, any dividend approved by a general meeting of shareholders would be paid out shortly after the meeting.
−Removed: During the fiscal year 2019, our board of directors declared dividends of $0.80 per common share, equivalent to a total distribution of $ 48.0 million.
−Removed: The dividends were paid in quarterly installments at $0.20 per share.
+Added: During the fiscal year 2020, our board of directors declared dividends of $0.20 per common share for the quarter ended March 31, 2020, equivalent to a total distribution of $12.0 million.
+Added: Declaration of and payments of dividends were suspended for the remainder of the year as a result of the soft global business environment due to COVID-19.
Luxembourg withholding tax at a rate of 15% was deducted from the dividends, subject to certain exemptions and reductions in certain circumstances.
Selected Financial Data
−Removed: The following tables set forth selected historical financial information for fiscal years 2019, 2018, 2017, 2016 and 2015 and as of December 31, 2019, 2018, 2017, 2016 and 2015.
+Added: The following tables set forth selected historical financial information for fiscal years December 31, 2020, 2019, 2018, 2017 and 2016 and as of December 31, 2020, 2019, 2018, 2017 and 2016.
The financial information for fiscal years 2020, 2019 and 2018 and balance sheet information as of December 31, 2020 and 2019 has been derived from our audited consolidated financial statements included elsewhere in this report.
−Removed: The financial information for fiscal year 2016 and balance sheet information as of December 31, 2017 and 2016 has been derived from our audited consolidated financial statements included in our Annual Report for the year ended 2018 on Form 20-F, filed with the SEC.
−Removed: The financial information for fiscal year 2015 has been derived from our unaudited consolidated financial statements converted to U.S.
−Removed: GAAP and into U.S.
−Removed: This information should be read in conjunction with the consolidated financial statements included elsewhere in this report, the related notes and other financial information included herein, and financial information previously filed with or furnished to the Securities and Exchange Commission (the “SEC”).
+Added: The balance sheet information as of December 31, 2018 and financial information for fiscal year 2017 has been derived from our audited consolidated financial statements included in our Annual Report for the year ended December 31, 2019 on Form 10-K, filed with the Securities and Exchange Commission (the “SEC”).
+Added: The balance sheet information as of December 31, 2017 and 2016 and the financial information for fiscal year 2016 has been derived from our audited consolidated financial statements included in our Annual Report for the year ended 2018 on Form 20-F, filed with the SEC.
+Added: This information should be read in conjunction with the consolidated financial statements included elsewhere in this report, the related notes and other financial information included herein, and financial information previously filed with or furnished to the SEC.
Consolidated Statements of Operations Data
26 unchanged sentences
Net cash used in investing activities (144.9) (155.8) (88.1) (90.3) (68.5)
−Removed: Net cash used in financing activities (68.6) (43.8) (68.5) (101.8) (112.3)
+Added: Net cash provided by (used in) financing activities 13.5 (68.6) (43.8) (68.5) (101.8)
Balance Sheet Data
20 unchanged sentences
Reclassification of actuarial losses from AOCI 9.9 — — 9.7 0.1
−Removed: Income from operations 147.2 196.3 137.9 116.8 135.8
+Added: Earnings before income taxes and finance income/costs 74.4 147.2 196.3 137.9 116.8
Add back depreciation, amortization and impairment of intangible assets and property, plant and equipment 96.5 96.7 98.2 98.4 97.1
3 unchanged sentences
Consulting fees related to Company strategy — 1.3 4.8 2.8 2.8
+Added: Extraordinary expense items related to COVID-19 3.9 — — — —
Long term incentive plan 4.4 9.4 13.9 8.8 4.0
+Added: EPA-related expenses 5.2 4.0 2.7 2.4 4.6
Other adjustments 7.6 4.6 2.3 0.9 1.2
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.