−Removed: Market for the Registrant’s Common Stock, Related Security Holder Matters, and Issuer Purchases of Equity Securities
−Removed: The Company’s Class A common stock trades on The NASDAQ National Market under the symbol “SNFCA.” As of March 27, 2019, the closing stock price of the Class A common stock was $3.77 per share.
−Removed: following were the high and low market closing stock prices for the Class A common stock by quarter as reported by NASDAQ since January 1, 2018:
+Added: Market for the Registrant’s Common Stock, Related Stockholder Matters, and Issuer Purchases of Equity Securities
+Added: The Company’s Class A common stock trades on The Nasdaq Global Select Market under the symbol “SNFCA.” As of March 23, 2021, the closing stock price of the Class A common stock was $9.69 per share.
+Added: The following were the high and low market closing stock prices for the Class A common stock by quarter as reported by NASDAQ since January 1, 2019:
Price Range (1)
9 unchanged sentences
First Quarter (through March 23, 2021)
+Added: _____________
(1) Stock prices have been adjusted retroactively for the effect of annual stock dividends.
2 unchanged sentences
The Company has never paid a cash dividend on its Class A or Class C common stock.
−Removed: The Company currently anticipates that all of its earnings will be retained for use in the operation and expansion
−Removed: of its business and does not intend to pay any cash dividends on its Class A or Class C common stock in the foreseeable future.
−Removed: Any future determination as to cash dividends will depend upon the earnings and financial position of the Company and such
−Removed: other factors as the Board of Directors may deem appropriate.
−Removed: A 5% stock dividend on Class A and Class C common stock has been paid each year from 1990 through 2019.
+Added: The Company currently anticipates that all of its earnings will be retained for use in the operation and expansion of its business and does not intend to pay any cash dividends on its Class A or Class C common stock in the foreseeable future.
+Added: Any future determination as to cash dividends will depend upon the earnings and financial position of the Company and such other factors as the Board of Directors may deem appropriate.
+Added: A 5% stock dividend on Class A and Class C common stock has been paid each year from 1990 through 2019 and a 7.5% stock dividend was paid for year 2020.
On September 7, 2018, the Board of Directors of the Company approved a Stock Repurchase Plan that authorized the repurchase of 300,000 shares of the Company's Class A Common Stock in the open market.
−Removed: The repurchased shares of Class A common stock will be held as treasury shares to be used as the Company's employer matching contribution to the Employee 401(k) Retirement Savings Plan.
−Removed: The following table shows the Company’s repurchase activity of
−Removed: its common stock during the three months ended December 31, 2019 under its Stock Repurchase Plan.
−Removed: Part of Publicly Announced
−Removed: May Yet Be Purchased
+Added: The Stock Repurchase Plan was amended on December 4, 2020.
+Added: The amendment authorized the repurchase of a total of 1,000,000 shares of the Company’s Class A Common Stock in the open market.
+Added: The repurchased shares of Class A common stock will be held as treasury shares to be used as the Company's employer matching contribution to the Employee 401(k) Retirement Savings Plan and for shares held in the Deferred Compensation Plan.
+Added: The following table shows the Company’s repurchase activity of its common stock during the three months ended December 31, 2020 under its Stock Repurchase Plan.
+Added: (a) Total Number of Class A Shares Purchased
+Added: (b) Average Price Paid per Class A Share
+Added: (c) Total Number of Class A Shares Purchased as Part of Publicly Announced Plan or Program
+Added: (d) Maximum Number of Class A Shares that May Yet Be Purchased Under the Plan or Program
10/1/2020-10/31/2020
1 unchanged sentence
12/1/2020-12/31/2020
−Removed: The graph below compares the cumulative total stockholder return of the Company’s Class A common stock with the cumulative total return on the Standard & Poor’s 500 Stock Index and the Standard
−Removed: & Poor’s Insurance Index for the period from December 31, 2015 through December 31, 2019.
−Removed: The graph assumes that the value of the investment in the Company’s Class A common stock and in each of the indexes was $100 at December 31, 2015 and that
−Removed: all dividends were reinvested.
+Added: The graph below compares the cumulative total stockholder return of the Company’s Class A common stock with the cumulative total return on the Standard & Poor’s 500 Stock Index and the Standard & Poor’s Insurance Index for the period from December 31, 2016 through December 31, 2020.
+Added: The graph assumes that the value of the investment in the Company’s Class A common stock and in each of the indexes was $100 at December 31, 2016 and that all dividends were reinvested.
The comparisons in the graph below are based on historical data and are not intended to forecast the possible future performance of the Company’s Class A common stock.
S & P Insurance
−Removed: The stock performance graph set forth above is required by the Securities and Exchange Commission and shall not be deemed to be incorporated by reference by any general statement incorporating by
−Removed: reference this Form 10-K into any filing under the Securities Act of 1933, as amended, or under the Securities Exchange Act of 1934, as amended, except to the extent that the Company specifically incorporates this information by reference, and shall
−Removed: not otherwise be deemed soliciting material or filed under such acts.
−Removed: As of December 31, 2019, there were 2,647 record holders of Class A common stock and 64 record holders of Class C common stock.
+Added: The stock performance graph set forth above is required by the Securities and Exchange Commission and shall not be deemed to be incorporated by reference by any general statement incorporating by reference this Form 10-K into any filing under the Securities Act of 1933, as amended, or under the Securities Exchange Act of 1934, as amended, except to the extent that the Company specifically incorporates this information by reference, and shall not otherwise be deemed soliciting material or filed under such acts.
Selected Financial Data
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.