4 unchanged sentences
As of March 4, 2022, there were approximately 166 holders of record of our Class A Common Stock, and one holder of our Class B Common Stock.
−Removed: During 2020, our Board of Directors declared one quarterly cash dividend totaling $0.32 per share on its Classes A and B shares.
−Removed: These dividends totaling approximately $1.9 million were paid during the first quarter of 2020.
+Added: During 2021, our Board of Directors declared three quarterly cash dividends and a special dividend totaling $0.98 per share on its Classes A and B shares.
+Added: These dividends totaling approximately $5.9 million were accrued or paid during 2021.
+Added: See Note 1 of the financial statements for specific details on the dividends.
+Added: During 2020, our Board of Directors declared one quarterly cash dividends totaling $0.32 per share on its Classes A and B shares.
+Added: These dividends totaling approximately $1.9 million were paid during 2020.
In the second quarter of 2020, our Board of Directors announced that it was temporarily suspending the quarterly cash dividend in response to the continued uncertainty of the ongoing impact of COVID-19.
3 unchanged sentences
See Note 1 of the financial statements for specific details on the dividends.
−Removed: During 2018, our Board of Directors declared four quarterly cash dividends and a special cash dividend totaling $1.45 per share on its Classes A and B shares.
−Removed: These dividends totaling approximately $8.6 million were accrued or paid during 2018.
−Removed: See Note 1 of the financial statements for specific details on the dividends.
+Added: The Company currently intends to pay regular quarterly cash dividends in the future as declared by the Board of Directors.
+Added: Consisten with returning value to our shareholders, the Board of Directors may also consider declaring special cash dividends, stock dividends, and stock buybacks in the future.
Securities Authorized for Issuance Under Equity Compensation Plan Information
19 unchanged sentences
that May Yet be
+Added: Purchased (1)
October 1 - October 31, 2021
November 1 - November 30, 2021
−Removed: December 1 - December 31, 2020
+Added: December 1 - Decemer 31, 2021
+Added: (1) All shares were purchased other than through a publicly announced plan or program.
+Added: The shares were forfeited to the Company for payment of tax withholding obligations related to the vesting of restricted stock.
(2) We have a Stock Buy-Back Program which allows us to purchase our Class A Common Stock.
1 unchanged sentence
Performance Graph
−Removed: COMMON STOCK PERFORMANCE
−Removed: Set forth below is a line graph comparing the cumulative total stockholder return for the years ended December 31, 2016, 2017, 2018, 2019 and 2020 of our Class A Common Stock against the cumulative total return of our Index the NASDAQ Stock Market (US Companies) and a Peer Group selected by us consisting of the following radio broadcast companies:
−Removed: Beasley Broadcast Group, Inc., Cumulus Media Inc., Emmis Communications Corp., Entercom Communications Corp., Entravision Communications Corp., iHeart Communications, Inc., The Nielsen Company, Urban One Inc., Saga Communications, Inc., Salem Communications Corp., Sirius XM Radio Inc., Spanish Broadcasting System, Inc., and Townsquare Media, Inc.
−Removed: The graph and table assume that $100 was invested on December 31, 2015, in each of our Class A Common Stock, the NASDAQ Stock Market (US Companies) and the Peer Group and that all dividends were reinvested.
−Removed: The information contained in this graph shall not be deemed to be “soliciting material” or “filed” with the SEC or subject to the liabilities of Section 18 of the Exchange Act, except to the extent that we specifically incorporate it by reference into a document filed under the Securities Act or the Exchange Act.
−Removed: Total Return For:
−Removed: Saga Communications Inc.
−Removed: CRSP Nasdaq Stock Market US
−Removed: The comparisons in the above table are required by the SEC.
−Removed: This table is not intended to forecast or to be indicative of any future return of our Class A Common Stock.
−Removed: Selected Financial Data
−Removed: Years Ended December 31,
−Removed: (In thousands except per share amounts)
−Removed: OPERATING DATA:
−Removed: Net Operating Revenue
−Removed: Station Operating Expense
−Removed: Corporate General and Administrative
−Removed: Other Operating (Income) Expense, net
−Removed: Impairment of Intangible Assets
−Removed: Operating Income From Continuing Operations
−Removed: Interest Expense
−Removed: Net Income (Loss):
−Removed: From Continuing Operations
−Removed: From Discontinued Operations
−Removed: Net Income (Loss)
−Removed: Basic Earnings (Loss) Per Share:
−Removed: From Continuing Operations
−Removed: From Discontinued Operations
−Removed: Earnings (Loss) Per Share
−Removed: Weighted Average Common Shares
−Removed: Diluted Earnings (Loss) Per Share:
−Removed: From Continuing Operations
−Removed: From Discontinued Operations
−Removed: Earnings (Loss) Per Share
−Removed: Weighted Average Common and Common Equivalent Shares
−Removed: Cash Dividends Declared Per Common Share
−Removed: (In thousands)
−Removed: BALANCE SHEET DATA:
−Removed: Working Capital
−Removed: Net Property and Equipment
−Removed: Net Intangible and Other Assets
−Removed: Long-term Debt Including Current Portion
−Removed: Stockholders’ Equity
−Removed: (1) Reflects the results of WOGK-FM, WNDT-FM, WNDD-FM, and WNDN-FM acquired on December 31, 2018.
−Removed: (2) Reflects the assets and liabilities of WOGK-FM, WNDT-FM, WNDD-FM, and WNDN-FM acquired on December 31, 2018.
−Removed: (3) On September 1, 2017, the Company sold the Joplin, Missouri and Victoria, Texas television stations.
−Removed: The historical results of operations for the television stations are presented in the discontinued operations for all periods presented.
−Removed: (4) Reflects the results of WCVL-FM operated under the terms of an LMA from February 1, 2015 until acquired on April 18, 2017.
−Removed: Reflects the results of WCKN-FM, WMXF-FM, WXST-FM, WAVF-FM, WSPO-AM, W261-DG, W257BQ, WVSC-FM, WLHH-FM, WOEX-FM, W256CB, W293BZ acquired on September 1, 2017.
−Removed: (5) Reflects the results of WLVQ-FM operated under the terms of an LMA from November 16, 2015 until acquired in February 2016.
+Added: We are a smaller reporting company as defined by Rule 12b-2 of the Securities Exchange Act of 1934 and are no longer required to provide a performance graph.
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.