15 unchanged sentences
This graph shall not be deemed “soliciting material” or be deemed “filed” for purposes of Section 18 of the Exchange Act, or otherwise subject to the liabilities under that section, and shall not be deemed to be incorporated by reference into any of our filings under the Securities Act of 1933 (Securities Act), as amended, or the Securities Act, whether made before or after the date hereof and irrespective of any general incorporation language in any such filing.
−Removed: In fiscal year 2023, we added the S&P 500 Retail Index as the NASDAQ Retail Trade index is not a widely recognized or easily accessible index and was discontinued.
COMPARISON OF 56 MONTH CUMULATIVE TOTAL RETURN*
Among OneWater Marine Inc., the Russell 2000 Index
−Removed: the NASDAQ Retail Trade Index and the S&P 500 Consumer Staples Distribution & Retail Index
+Added: and the S&P 500 Consumer Staples Distribution & Retail Index
* *$100 invested on 2/7/20 in stock or 1/31/20 in index, including reinvestment of dividends.
9 unchanged sentences
S&P 500 Retail 100.00 136.50 157.00 120.59 137.83 193.04
−Removed: NASDAQ Retail Trade 100.00 148.95 157.28 117.10
−Removed: On June 17, 2021, our Board of Directors declared a one-time special cash dividend of $1.80 per share.
−Removed: The cash dividend of approximately $27.1 million was paid on July 19, 2021 to holders of Class A common stock and OneWater Unit Holders.
−Removed: Additionally, a $1.0 million cash dividend for restricted stock unit holders was accrued for payment to holders upon future vesting of restricted stock unit awards outstanding on the date the dividend was declared.
−Removed: During the year ended September 30, 2023, $0.3 million of the previously accrued balance was paid to restricted stock unit holders.
−Removed: The remaining $0.5 million is recorded in other payables and accrued expenses in the consolidated balance sheet as of September 30, 2023.
We do not anticipate declaring or paying any cash dividends to holders of our Class A common stock in the foreseeable future.
1 unchanged sentence
Holders of our Class B common stock are not entitled to participate in any dividends declared by our Board of Directors.
−Removed: Our future dividend policy is within the discretion of our Board of Directors and will depend upon then-existing conditions, including our results of operations, financial condition, capital requirements, investment opportunities, statutory restrictions on our ability to pay dividends and other factors our Board of Directors may deem relevant.
−Removed: In addition, under our Credit Facilities, OWAO is restricted from paying cash dividends, and we expect these restrictions to continue in the future, which may in turn limit our ability to pay cash dividends on our Class A common stock.
−Removed: Our ability to pay cash dividends may also be restricted by the terms of any future credit agreement or any future debt or preferred equity securities that we or our subsidiaries may issue.
+Added: Our future dividend policy is within the discretion of our Board of Directors and will depend upon then-existing conditions, including our results of operations, financial condition, capital requirements, investment opportunities, statutory and contractual restrictions on our ability to pay dividends and other factors our Board of Directors may deem relevant.
See “Risk Factors—Risks Related to Our Class A Common Stock— While our Board of Directors declared a one-time special cash dividend of $1.80 per share on June 17, 2021, we do not intend to pay cash dividends on our Class A common stock, and our Credit Facilities place certain restrictions on our ability to do so.
2 unchanged sentences
Issuer’s Purchases of Equity Securities
−Removed: Issuer’s Purchases of Equity Securities (1)
−Removed: (a) (b) (c) (d)
−Removed: purchased Average price
−Removed: paid per share Total number of
−Removed: part of publicly
−Removed: programs Maximum
−Removed: dollar value of
−Removed: shares that may
−Removed: under the plans
−Removed: or programs (in
−Removed: July 1, 2023 through July 31, 2023 — $ — — $ 48.1
−Removed: August 1, 2023 through August 31, 2023 — — — 48.1
−Removed: September 1, 2023 through September 30, 2023 — — — 48.1
−Removed: Total — $ — — $ 48.1
On March 30, 2022, the Board of Directors authorized a share repurchase program of up to $50 million of outstanding shares of Class A common stock.
−Removed: Repurchases under the share repurchase program may be made at any time or from time to time, without prior notice, in the open market or in privately negotiated transactions at prevailing market prices, or such other means as will comply with applicable state and federal securities laws and regulations, including the provisions of the Securities Exchange Act of 1934, including Rule 10b5-1 and, to the extent practicable or advisable, Rule 10b-18 thereunder, and consistent with the Company’s contractual limitations and other requirements.
−Removed: Selected Financial Data.
−Removed: Part II, Item 6 is no longer required due to amendments to Regulation S-K that eliminate Item 301.
+Added: Repurchases under the share repurchase program may be made at any time or from time to time, without prior notice, in the open market or in privately negotiated transactions at prevailing market prices, or such other means as will comply with applicable state and federal securities laws and regulations, including the provisions of the Securities Exchange Act of 1934, including Rule 10b5-1 and Rule 10b-18 thereunder, and consistent with the Company’s contractual limitations and other requirements.
+Added: The Company made no repurchases during the year ended September 30, 2024.
+Added: The Company has $48.1 million remaining under the share repurchase program.
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.