Unregistered Sales of Equity Securities and Use of Proceeds
−Removed: Share Repurchases
+Added: Purchases of Equity Securities by the Issuer
In August 2021, our Board of Directors authorized a $100 million share repurchase program.
The authorization does not have any time limit.
−Removed: The following table presents the share-repurchase activity for the quarter ended December 31, 2021:
−Removed: Period Total number of shares purchased (a)
+Added: The following table presents the share-repurchase activity for the quarter ended March 31, 2022:
+Added: Period Total number of shares purchased (1)
Average price paid per share Total number of shares purchased as part of the publicly announced plan or program Approximate dollar value of shares that may yet be purchased under the plan or program
−Removed: October 1, 2021 through October 31, 2021 — $ — — $ 100,000,000
−Removed: November 1, 2021 through November 30, 2021 814 $ 30.99 814 $ 99,974,774
−Removed: December 1, 2021 through December 31, 2021 5,089 $ 30.89 5,089 $ 99,817,575
+Added: January 1 - 31, 2022 43,009 $ 30.48 43,009 $ 98,506,559
+Added: February 1 - 28, 2022 71,500 $ 30.65 71,500 $ 96,315,084
+Added: March 1 - 31, 2022 163,370 $ 33.52 160,343 $ 90,940,387
Total 277,879 $ 32.31 274,852 $ 90,940,387
−Removed: (a) Total number of shares purchased represents shares withheld from employees for stock-based awards in order to satisfy the required tax withholding obligations for the quarter ended December 31, 2021.
+Added: (1) Includes 3,027 shares withheld from employees' stock-based awards to satisfy required tax withholding obligations for the month of March 2022.
+Added: There were no shares withheld during the months of January and February 2022.
We have never declared or paid a cash dividend.
1 unchanged sentence
Number Description
−Removed: 10.1 Amendment to Second Amended and Restated Credit Agreement (incorporated by reference to Exhibit 10.1 to the registrant's Form 8-K filed on December 23, 2021)
+Added: 3.1 Second Amended and Restated Articles of Incorporation (incorporated by reference to Exhibit 3.1 to the registrant's Form 8-K filed on January 27, 2022)
+Added: 3.2 Amended and Restated Bylaws (incorporated by reference to Exhibit 3.2 to the registrant's Form 8-K filed on January 27, 2022)
+Added: 10.1 ScanSource, Inc.
+Added: 2021 Omnibus Incentive Compensation plan (incorporated by reference to Exhibit 10.1 to the registrant's Form 8-K filed on January 27, 2022)
31.1 Certification of the Chief Executive Officer, Pursuant to Rule 13a-14(a)/15d-14(a) of the Securities Exchange Act of 1934, as amended, as Adopted Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.
4 unchanged sentences
Section 1350, as Adopted Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.
−Removed: 101 The following materials from our Quarterly Report on Form 10-Q for the quarter ended December 31, 2021, formatted in Inline XBRL (eXtensible Business Reporting Language):
−Removed: (i) the Condensed Consolidated Balance Sheets at December 31, 2021 and June 30, 2021;
−Removed: (ii) the Condensed Consolidated Income Statements for the quarters and six months ended December 31, 2021 and 2020;
−Removed: (iii) the Condensed Consolidated Statements of Comprehensive (Loss) Income for the quarters and six months ended December 31, 2021 and 2020;
−Removed: (iv) the Condensed Consolidated Statements of Shareholder's Equity at December 31, 2021 and 2020;
−Removed: (v) the Condensed Consolidated Statements of Cash Flows for the six months ended December 31, 2021 and 2020;
+Added: 101 The following materials from our Quarterly Report on Form 10-Q for the quarter ended March 31, 2022, formatted in Inline XBRL (eXtensible Business Reporting Language):
+Added: (i) the Condensed Consolidated Balance Sheets at March 31, 2022 and June 30, 2021;
+Added: (ii) the Condensed Consolidated Income Statements for the quarters and nine months ended March 31, 2022 and 2021;
+Added: (iii) the Condensed Consolidated Statements of Comprehensive (Loss) Income for the quarters and nine months ended March 31, 2022 and 2021;
+Added: (iv) the Condensed Consolidated Statements of Shareholder's Equity at March 31, 2022 and 2021;
+Added: (v) the Condensed Consolidated Statements of Cash Flows for the nine months ended March 31, 2022 and 2021;
and (vi) the Notes to the Condensed Consolidated Financial Statements.
3 unchanged sentences
ScanSource, Inc.
−Removed: February 8, 2022 /s/ MICHAEL L.
+Added: May 10, 2022 /s/ MICHAEL L.
Chairman and Chief Executive Officer
(Principal Executive Officer)
−Removed: February 8, 2022 /s/ STEVE JONES
+Added: May 10, 2022 /s/ STEVE JONES
Senior Executive Vice President and Chief Financial Officer (Principal Financial Officer)
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.