2 unchanged sentences
The Company’s common stock is traded on the Nasdaq Global Market under the symbol “RVSB.” At June 14, 2024, there were 547 stockholders of record and an estimated 2,823 holders in nominee or “street name” through various brokerage firms.
+Added: Riverview has historically paid cash dividends to its common shareholders.
+Added: Payments of future cash dividends, if any, will be at the discretion of our Board of Directors after taking into account various factors, including our business, operating results and financial condition, capital requirements, current and anticipated cash needs, plans for expansion, any legal or contractual limitation on our ability to pay dividends and other relevant factors including required payments on our trust preferred securities.
+Added: During fiscal 2024, our Board of Directors declared regular quarterly dividends of $0.06 per share.
+Added: No assurances can be given that any dividends will be paid or that, if paid, will not be reduced or eliminated in future periods.
+Added: Dividends on common stock from Riverview depend substantially upon receipt of dividends from the Bank, which is Riverview’s predominant source of income.
+Added: Management’s projections show an expectation that cash dividends will continue for the foreseeable future.
Purchases of Equity Securities by the Issuer and Affiliated Purchases
−Removed: On November 17, 2022, the Company announced that its Board of Directors authorized a stock repurchase program (the “November 2022 repurchase program”).
−Removed: Under the November 2022 repurchase program, the Company was authorized to repurchase up to $2.5 million of the Company’s outstanding shares of common stock, in the open market or in privately negotiated transactions, over a period beginning on November 28, 2022 and continuing until the earlier of the completion of the authorized level of repurchases or May 28, 2023, depending upon market conditions.
−Removed: As of March 31, 2023, the Company had repurchased 285,172 shares, or $1.9 million, of the Company’s outstanding shares at an average price of $6.74 per share.
−Removed: Shares repurchased under the November 2022 repurchase program are retired as settled.
−Removed: The actual timing, number and value of shares repurchased under the November 2022 repurchase program will depend on a number of factors, including constraints specified in any Rule 10b5-1 plan, price, general business and market conditions, and alternative investment opportunities.
−Removed: The share repurchase program does not obligate us to acquire any specific number of shares in any period, and may be expanded, extended, modified or discontinued by our Board of Directors at any time.
−Removed: The following table sets forth the Company’s repurchases of its outstanding common stock under the November 2022 repurchase program during the three months ended March 31, 2023:
+Added: The following table sets forth the Company’s repurchases of its outstanding common stock for the quarter ended March 31, 2024:
Maximum Dollar Value
7 unchanged sentences
Repurchase Program (1)
−Removed: January 1, 2023
January 1, 2024 - January 31, 2024
1 unchanged sentence
March 1, 2024 - March 31, 2024
+Added: (1) The Company did not have a publicly announced stock repurchase program in place during the three months ended March 31, 2024.
Equity Compensation Plan Information
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.