3 unchanged sentences
On March 4, 2025, there were 309 record holders of the Company’s common stock, which does not reflect persons or entities that hold the common stock in nominee or “street” name through various brokerage firms and financial institutions.
−Removed: In May 2023, the Board approved a one-time cash dividend of $2.00 per share of the Company’s common stock, which was paid on June 7, 2023 to shareholders of record as of the close of business on May 24, 2023.
−Removed: The aggregate total payout was $73.8 million.
−Removed: Additionally, in May 2023, the Board announced plans for a regular quarterly dividend of $0.10 per share, subject to quarterly approval by the Board.
−Removed: In August 2023, the Board declared a cash dividend of $0.10 per share of the Company’s common stock, which was paid on August 28, 2023 to shareholders of record as of the close of business on August 14, 2023.
−Removed: The aggregate total payout was $3.7 million.
−Removed: On November 2, 2023, the Board declared a cash dividend of $0.10 per share of the Company’s common stock, which was paid on November 27, 2023 to shareholders of record as of the close of business on November 13, 2023.
+Added: In January 2024, the Board approved a one-time cash dividend of $1.50 per share of the Company's common stock, which was paid on February 20, 2024 to shareholders of record as of the close of business on February 5, 2024.
+Added: The aggregate total payout was approximately $55.6 million.
+Added: Additionally, in March 2024, the Board increased the on-going quarterly dividend to $0.11 per share which was paid in March, May, August, and November 2024.
The aggregate total payout was $16.3 million.
−Removed: In addition to the quarterly dividend payments, the Company paid $0.3 million in cash dividends on vested stock awards during the year ended December 31, 2023.
−Removed: Dividend payments for the year ended December 31, 2023 total $81.5 million.
−Removed: See Note 19 for discussion on dividends declaredpaid in 2024.
+Added: Dividend payments are subject to quarterly approval by the Board as discussed below.
+Added: Dividend payments for the year ended December 31, 2024 totaled $72.3 million, which included $0.5 million of dividends on vested stock awards.
+Added: See Note 19 for discussion on dividends declared paid in 2025.
The payment of any dividends in the future, and the timing and amount thereof, is within the discretion of our Board of Directors.
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Issuer Purchases of Equity Securities
−Removed: There were no issuer purchases of equity securities during the quarter ended December 31, 2023.
−Removed: In May 2023, the Board approved a stock buyback program authorizing the repurchase of up to $75 million of the Company's outstanding common stock in open market transactions with no expiration date.
+Added: Period Total Number of Shares Purchased(1) Average Price Paid per Share Total Number of Shares Purchased as Part of Publicly Announced Program(2) Maximum Approximate Dollar Value of Shares that May Yet Be Purchased Under the Program
+Added: (in Millions)(2)
+Added: October 1, 2024 - October 31, 2024 — $ — — $ 75.0
+Added: November 1, 2024 - November 30, 2024 3,248 $ 11.64 — $ 75.0
+Added: December 1, 2024 - December 31, 2024 — $ 10.94 21,308 $ 74.8
+Added: Total 3,248 21,308
+Added: (1) Includes shares of common stock tendered by employees in order to satisfy tax withholding requirements upon vesting of their stock awards.
+Added: Shares withheld are initially recorded as treasury shares, then immediately retired.
+Added: (2) In May 2023, the Company's Board of Directors approved the initiation of a share repurchase program authorizing the Company to purchase up to an aggregate of $75.0 million of the Company’s common stock.
The maximum number of shares that may still be purchased under the buyback program as of March 4, 2025 is approximately 6.7 million.
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.