1 unchanged sentence
Our common stock is listed on the New York Stock Exchange (“NYSE”) under the symbol “OEC”.
−Removed: As of February 14, 2022, there were approximately 10 record holders of our common stock.
+Added: As of February 17, 2023, there were approximately 11 record holders of our common stock, i.e.
+Added: stockholders directly registered under their name in the Company’s physical share ledger in Luxembourg.
During the fiscal year ended December 31, 2022, 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 the fiscal years ended December 31, 2021 and 2020, we did not repurchase shares of our common stock.
+Added: See “Stock Repurchase Program” below.
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, 2022 .”
4 unchanged sentences
Luxembourg withholding tax at a rate of 15% is deducted from dividend payments, subject to certain exemptions and reductions in certain circumstances.
−Removed: On October 29, 2021, our board of directors declared an interim dividend in the aggregate amount of $1.25 million, which is equivalent to approximately $0.0207 per common stock.
−Removed: The interim dividend was paid on January 12, 2022, to holders of record as of the close of business on January 5, 2022.
−Removed: There can be no assurance that any dividends or distributions will be declared or paid in the future.
+Added: Stock Repurchase Program
+Added: On November 3, 2022, our Board of Directors, in line with the respective authorization of the shareholders, resolved in the Company’s annual general meeting of shareholders dated June 30, 2022, approved a stock repurchase program with the authorization to management to purchase up to $50 million of its outstanding common stock.
+Added: Our stock repurchases may occur through open market purchases or trading plans pursuant to Rule 10b5-1 of the Exchange Act.
+Added: The amount and timing of specific repurchases are subject to market conditions, applicable legal requirements, the thresholds contained in the above referred shareholder authorization by the Board of Directors, may be restricted by payment capacity under our debt instruments and other factors.
+Added: The authorization may be suspended or discontinued at any time and does not obligate us to acquire any specific amount of common stock.
+Added: We started the purchase of equity securities in December of 2022 which were as follows:
+Added: Period Total number of stock purchased Average price paid per stock Total dollar value of stocks purchased as part of publicly announced plans
+Added: ($ in millions) Maximum approximate dollar value of stocks yet be purchased
+Added: ($ in millions)
+Added: December 1 — 31, 2022
+Added: 244,032 $ 17.61 $ 4.3 $ 45.7
Orion Engineered Carbons S.A
1 unchanged sentence
The performance graph and the information contained in this section is not “soliciting material,” is being furnished, not filed, with the SEC and is not to be incorporated by reference into any of our filings under the Securities Act or the Exchange Act whether made before or after the date hereof and irrespective of any general incorporation language contained in such filing.
−Removed: The graph below matches the cumulative 5-year total return of holders of Orion Engineered Carbons LLC's common stock with the cumulative total returns of the S&P Smallcap 600 index and S&P Small Cap Chemicals index.
−Removed: The graph assumes that the value of the investment in our common stock, in each index, and in the peer group (including reinvestment of dividends) was $100 on 12/31/2016 and tracks it through 12/31/2021.
+Added: The graph below shows the relative investment performance of Orion Engineered Carbons S.A.'s common stock, the S&P Smallcap 600 Index and S&P Small Cap Chemicals Index since December 31, 2017.
+Added: The graph assumes that $100 was invested on December 31, 2017 and any dividends paid were reinvested at the date of payment.
+Added: The graph is presented pursuant to SEC rules and is not meant to be an indication of our future performance.
2017 2018 2019 2020 2021 2022
−Removed: Orion Engineered Carbons LLC $ 100.00 $ 140.73 $ 142.86 $ 113.67 $ 102.76 $ 110.07
+Added: Orion Engineered Carbons S.A.
+Added: $ 100.00 $ 101.51 $ 80.77 $ 73.01 $ 78.21 $ 76.34
S&P Smallcap 600 100.00 91.52 112.37 125.05 158.59 133.06
S&P Small Cap Chemicals Index 100.00 84.93 98.59 116.93 146.59 125.45
−Removed: The stock price performance included in this graph is not necessarily indicative of future stock price performance.
Orion Engineered Carbons S.A
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.