6 unchanged sentences
The need for Seacoast Bank to maintain adequate capital also limits dividends that may be paid to the Company.
−Removed: Additional information regarding restrictions on the ability of Seacoast Bank to pay dividends to the Company is contained in Note C of the Notes to Consolidated Financial Statements.
−Removed: Business- Payment of Dividends” of this Form 10-K for information with respect to the regulatory restrictions on dividends.
+Added: For additional information regarding restrictions on the ability of Seacoast Bank to pay dividends to the Company see “Item 1.
+Added: Business- Payment of Dividends” of this Form 10-K.
Securities Authorized for Issuance Under Equity Compensation Plans
1 unchanged sentence
Repurchase of Common Stock
−Removed: On December 17, 2020, the Company's Board of Directors authorized the Company to repurchase up to $100 million of its shares of outstanding common stock.
+Added: On December 15, 2021, the Company's Board of Directors authorized the renewal of the Company's share repurchase program, under which the Company may, from time to time, purchase up to $100 million of its shares of outstanding common stock.
Under the share repurchase program, which will expire on December 31, 2022, repurchases will be made, if at all, in accordance with applicable securities laws and may be made from time to time in the open market, by block purchase or by negotiated transactions.
1 unchanged sentence
The program does not obligate the Company to purchase any of its shares, and may be terminated or amended by the Board of Directors at any time prior to its expiration date.
−Removed: As of December 31, 2020, no shares of the Company's common stock had been repurchased under the program.
−Removed: Selected Financial Data
−Removed: Five years of selected financial data of the Company is set forth commencing on page 79 .
+Added: The Company did not repurchase shares of its common stock during the year ended December 31, 2021.
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.