1 unchanged sentence
From our inception until April 2018, we maintained a single class of common stock.
−Removed: On April 23, 2018, we amended and restated our certificate of incorporation to effectuate a dual-class equity structure, which we refer to as the “Reclassification.” The Reclassification resulted in the conversion of each share of our then-outstanding common stock into 25.2 shares of Class B common stock and the initial authorization of Class A common stock for issuance.
+Added: On April 23, 2018, we amended and restated our certificate of incorporation to effectuate a dual-class equity structure, which resulted in the conversion of each share of our then-outstanding common stock into 25.2 shares of Class B common stock and the initial authorization of Class A common stock for issuance.
Market for Our Common Stock
8 unchanged sentences
Any future determination as to the declaration and payment of dividends will be at the discretion of our board of directors and will depend on then-existing conditions, including our financial condition, results of operations, contractual restrictions, capital requirements, business prospects and other factors that our board of directors considers relevant.
−Removed: In addition, the terms of the BBVA Credit Agreement restrict our ability to pay cash dividends to the holders of our common stock unless, after giving effect to such dividend, we would remain in compliance with the financial covenants and, at the time any such dividend is made, no default or event of default exists or would result from the payment of such dividend.
+Added: In addition, the terms of the Credit Agreement restrict our ability to pay cash dividends to the holders of our common stock unless, after giving effect to such dividend, we would remain in compliance with the financial covenants and, at the time any such dividend is made, no default or event of default exists or would result from the payment of such dividend.
Recent Sales of Unregistered Securities
−Removed: During the fiscal year ended September 30, 2019, we granted to our non-employee directors a total of 292,534 restricted shares of our Class A common stock under the Construction Partners, Inc.
−Removed: 2018 Equity Incentive Plan.
−Removed: Two-thirds of the shares issued in connection with these grants will vest on January 1, 2021, and the remaining one-third of the shares will vest on January 1, 2022.
−Removed: These grants were made for compensatory purposes pursuant to a written plan or contract, a copy which was delivered to each grantee, in reliance on Rule 701 under the Securities Act.
+Added: We did not sell any of our equity securities during the period covered by this report that were not registered under the Securities Act.
Issuer Purchases of Equity Securities
2 unchanged sentences
We are a smaller reporting company, as defined by Rule 12b-2 of the Exchange Act, and therefore are not required to provide the information called for by this Item.
−Removed: Table of Con t e n t s
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.