3 unchanged sentences
From July 16, 2015 to November 15, 2016, our common stock was traded on the NASDAQ Capital Market under the symbol “RILY”.
−Removed: As of February 18, 2022,
−Removed: there were approximately 119 holders of record of our Common Stock.
−Removed: This number does not include beneficial owners holding shares through
−Removed: nominees or in “street” name.
+Added: As of February 24, 2023, there were approximately 119 holders of record of our Common Stock.
+Added: This number does not include beneficial owners holding shares through nominees or in “street” name.
Dividend Policy
2 unchanged sentences
The declaration and payment of any future dividends or repurchases of our common stock will be made at the discretion of our Board of Directors and will be dependent upon our financial condition, results of operations, cash flows, capital expenditures, and other factors that may be deemed relevant by our Board of Directors.
+Added: Recent Repurchases of Equity Securities
+Added: During the three months ended December 31, 2022, we made the following purchases of shares of our common stock.
+Added: Period Total Number of Shares Purchased (1)(2)
+Added: Average Price Paid Per Share Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs (2)
+Added: Approximate Dollar Value of Shares that May Yet Be Purchased Under the Plans or Program
+Added: October 1 through October 31, 2022 158 $ 40.68 — $ 50,000
+Added: November 1 through November 30, 2022 52,404 $ 41.41 44,419 $ 48,170
+Added: December 1 through December 31, 2022 148,639 $ 34.14 138,267 $ 43,510
+Added: Total 201,201 $ 36.04 182,686
+Added: (1) Includes purchases of 18,515 shares made to satisfy the income tax withholding obligations of certain employees upon the vesting and delivery of restricted stock units issued under our 2021 Stock Incentive Plan.
+Added: (2) Includes purchases of 182,686 shares under the Company's annual share repurchase program.
+Added: On March 3, 2023, the share repurchase program was reauthorized by the Board of Directors for share repurchases of up to $50.0 million of the Company's outstanding common shares and expires in October 2023.
+Added: On October 31, 2022, the share repurchase program was reauthorized by the Board of Directors for share repurchases of up to $50.0 million of the Company's outstanding common shares and expires in October 2023.
+Added: On October 25, 2021, the share repurchase program was reauthorized by the Board of Directors for share repurchases up to $50.0 million of its outstanding common shares and expired in October 2022.
Share Performance Graph
−Removed: The following graph compares the cumulative total shareholder return on our common share with the cumulative total return on the Russell 2000 Index and a peer group index for the period from December 31, 2016 to December 31, 2021.
−Removed: The graph and table below assume that $100 was invested on the starting date and dividends, if any, were reinvested on the date of payment without payment of any commissions.
+Added: The following graph and table compares the cumulative total shareholder return on our common share with the cumulative total return on the Russell 2000 Financial Index and S&P 500 index for the period from December 31, 2017 to December 31, 2022.
+Added: The graph and table below assume that $100 was invested on the starting date and dividends, if any,
+Added: were reinvested on the date of payment without payment of any commissions.
The performance shown in the graph and table represents past performance and should not be considered an indication of future performance.
1 unchanged sentence
Riley Financial, Inc.
−Removed: Industry Peer Group
−Removed: peer group index includes the following companies:
−Removed: Cowen Group, Inc., JMP Group LLC (whose performance metrics were included up to
−Removed: November 15, 2021 at which point it was acquired by Citizens Financial Group, Inc.), Oppenheimer Holdings Inc., and Stifel Financial
−Removed: These companies were selected because their businesses and operations were comparable to ours throughout or for some portion
−Removed: of the five-year period presented in the chart above.
+Added: $ 100 $ 81 $ 154 $ 287 $ 691 $ 287
+Added: Russell 2000 Financial $ 100 $ 87 $ 104 $ 99 $ 125 $ 102
+Added: S&P 500 $ 100 $ 94 $ 121 $ 141 $ 178 $ 144
+Added: We have updated the comparative indexes in the current year due to the delisting of half of the companies in the peer group index used in prior years.
+Added: These indexes were selected because their businesses and operations were comparable to ours throughout or for some portion of the five-year period presented in the chart above.
The information provided above under the heading “Share Performance Graph” shall not be considered “filed” for purposes of Section 18 of the Exchange Act or incorporated by reference in any filing under the Securities Act of 1933, as amended or the Exchange Act.
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.