2 unchanged sentences
On December 14, 2023, the closing sale price of our common stock, per the NASDAQ Global Select Market, was $29.09.
−Removed: Based on available information, we have 238 registered shareholders.
+Added: on available information, we have 229 registered shareholders.
To date, we have not paid any cash dividends on Photronics shares, and, for the foreseeable future, we anticipate that earnings will continue to be retained for use in our business.
−Removed: Further, our credit agreement
−Removed: limits the amount that can be paid as cash dividends on Photronics stock.
−Removed: In September 2020, the Company’s board of directors authorized the repurchase of up to $100 million of its common stock, pursuant to a repurchase plan under Rule 10b5-1 of the Securities Act.
−Removed: Share repurchases
−Removed: under this authorization commenced on September 16, 2020.
−Removed: In 2022, we repurchased 0.2 million shares at a cost of $2.5 million (an average of $13.43 per share) and, since the program’s inception, we repurchased 5.8 million shares at a cost of
−Removed: $68.3 million (an average of $11.70 per share).
+Added: In September 2020, the Company’s Board of Directors authorized the
+Added: repurchase of up to $100 million of its common stock, pursuant to a repurchase plan under Rule 10b5-1 of the Securities Act.
+Added: The most recent 10b5-1 plan expired on September 15, 2022,
+Added: and has not been renewed.
+Added: Share repurchases under this authorization commenced on September 16, 2020.
+Added: The repurchase authorization by the Board of Directors has no expiration
+Added: date, does not obligate us to acquire any common stock, and is subject to market conditions.
+Added: In 2023, we did not repurchase any further shares as part of this program.
+Added: In 2022, we repurchased 0.2 million shares at a cost of $2.5 million
+Added: (an average of $13.43 per share) and, since the program’s inception, we have repurchased 5.8 million shares at a cost of $68.3 million (an average of $11.70 per share).
+Added: There is $31.7
+Added: million remaining under the Board of Director authorization.
All shares repurchased under the program have been retired.
−Removed: The table below presents share repurchase activity during the fourth quarter of 2022 as part of the repurchase program described above as well as shares repurchased in connection with the payment of withholding
−Removed: taxes related to the vesting of restricted stock awards.
−Removed: Total Number of
−Removed: Shares Purchased
−Removed: Average Price
−Removed: Total Number of Shares
−Removed: Purchased as Part of
−Removed: Publicly Announced
−Removed: Dollar Value of
−Removed: Shares That May
−Removed: Yet Be Purchased
−Removed: (in millions)
−Removed: August 1, 2022 – August 28, 2022
−Removed: August 29, 2022 – September 25, 2022
−Removed: September 26, 2022 – October 31, 2022
Securities authorized for issuance under equity compensation plans
The information regarding our equity compensation required to be disclosed by Item 201(d) of Regulation S-K is incorporated by reference from the Photronics, Inc.
−Removed: 2023 Definitive Proxy Statement in Item 12 of Part
−Removed: III of this report.
+Added: 2024 Definitive Proxy Statement in Item 12 of Part III
+Added: of this report.
The 2024 Definitive Proxy Statement will be filed within 120 days after our fiscal year ended October 31, 2023.
+Added: Stock Price Performance
+Added: The information regarding our stock price performance required to be disclosed by Item 201(e) of Regulation S-K is incorporated by reference from the
+Added: Photronics, Inc.
+Added: 2024 Definitive Proxy Statement in Item 12 of Part III of this report.
+Added: The 2024 Definitive Proxy Statement will be filed within 120 days after our fiscal year ended October 31, 2023.
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.