Unregistered Sales of Equity Securities and Use of Proceeds
−Removed: On June 4, 2020, the Company’s Board of Directors adopted a stock repurchase program (the “2020 Program”) to repurchase up to $25.0 million of the Company’s common stock both on the open market and in privately negotiated transactions, including through Rule 10b5-1 plans, over the next two years.
−Removed: The table below sets forth the information with respect to purchases made under the 2020 Program by or on behalf of the Company or any “affiliated purchaser” (as the term is defined in Rule 10b-18(a)(3) under the Exchange Act) of our common stock during the three months ended March 31, 2022.
−Removed: Under the 2020 Program, $14.7 million of common stock remained available for future repurchases as of March 31, 2022.
+Added: Repurchase of Shares of Company Equity Securities
+Added: On April 11, 2022, the Board of Directors adopted a new stock repurchase program (the “2022 Program”) to repurchase up to $35.0 million of the Company’s common stock both on the open market and in privately negotiated transactions, from time to time, over the next two years.
+Added: The table below sets forth the information with respect to purchases made under the 2022 Program by or on behalf of the Company or any “affiliated purchaser” (as the term is defined in Rule 10b-18(a)(3) under the Exchange Act) of our common stock during the three months ended June 30, 2022.
(in thousands)
1 unchanged sentence
(in thousands)
−Removed: January 1, 2022 through January 31, 2022
−Removed: February 1, 2022 through February 28, 2022
−Removed: March 1, 2022 through March 31, 2022
−Removed: On April 11, 2022, the Board of Directors terminated that 2020 Program, and adopted a new program (the “2022 Program”) to repurchase up to $35.0 million of the Company’s common stock both on the open market and in privately negotiated transactions, from time to time, over the next two years.
+Added: April 1, 2022 through April 30, 2022
+Added: May 1, 2022 through May 31, 2022
+Added: June 1, 2022 through June 30, 2022
Defaults Upon Senior Securities
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.