1 unchanged sentence
Issuer Purchases of Equity Securities
−Removed: On May 5, 2023, the Company’s board of directors approved a stock repurchase program pursuant to which the Company may, from time to time, purchase up to $15.0 million of its outstanding shares of common stock
−Removed: (the “Program”).
−Removed: The shares may be repurchased from time to time in privately negotiated transactions or the open market, including pursuant to Rule 10b5-1 trading plans, and in accordance with applicable regulations of the SEC.
−Removed: is not obligated to purchase any shares of its common stock under the Program and the timing and exact amount of any repurchases will depend on various factors including, the performance of the Company’s stock price, general market and other
−Removed: conditions, applicable legal requirements and other factors.
−Removed: The Program may be terminated or amended by the Company’s board of directors at any time prior to the expiration date of May 5, 2024.
−Removed: The following table summarizes the Company’s share repurchase activity for the three months ended September 30, 2023.
+Added: On February 21, 2024, the Company’s board of directors approved a new stock repurchase program pursuant to which the Company may, from time to time, purchase up to $10.0 million of its outstanding
+Added: shares of common stock (the “New Program”).
+Added: The shares can be repurchased from time to time in privately negotiated transactions or the open market, including pursuant to Rule 10b5-1 trading plans, and in accordance with applicable regulations of
+Added: The Company is not obligated to purchase any shares of its common stock under the New Program and the timing and exact amount of any repurchases depends on various factors including, the performance of the Company’s stock price, general
+Added: market and other conditions, applicable legal requirements and other factors.
+Added: The New Program may be terminated or amended by the Company’s board of directors at any time prior to the expiration date of February 26, 2025.
+Added: The following table summarizes the share repurchase activity for the three months ended March 31, 2024.
Average Price
2 unchanged sentences
Purchased Pursuant to
−Removed: Publicly-Announced Plan
+Added: Publicly-Announced Plans
Maximum Dollar Amount
1 unchanged sentence
Repurchase Pursuant to
−Removed: Publicly-Announced Plan
−Removed: September 2023
+Added: Publicly-Announced Plans
+Added: February 2024
Defaults upon Senior Securities
2 unchanged sentences
Not applicable.
−Removed: Other Information
−Removed: During the three months ended September 30, 2023, no directors or officers of the Company adopted
−Removed: or terminated a “Rule 10b5-1 trading arrangement” or a “non-Rule 10b5-1 trading arrangement,” as each term is defined in Item
−Removed: 408 of Regulation S-K.
−Removed: Securities Purchase Agreement, dated April 1, 2023, by and among South Plains Financial, Inc., City Bank and Alliant Insurance Services, Inc.
−Removed: (incorporated by reference to Exhibit 2.1 to the Company’s Current
−Removed: Report on Form 8-K filed with the SEC on April 4, 2023) (File No.
−Removed: Amended and Restated Certificate of Formation of South Plains Financial, Inc.
−Removed: (incorporated by reference to Exhibit 3.1 to the Company’s Form S-1 filed with the SEC on April 12, 2019) (File No.
−Removed: Second Amended and Restated Bylaws of South Plains Financial, Inc.
−Removed: (incorporated by reference to Exhibit 3.1 to the Company’s Current Report on Form 8-K filed with the SEC on November 1, 2021) (File No.
−Removed: Certification of Principal Executive Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.
−Removed: Certification of Principal Financial Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.
−Removed: Certification of Chief Executive Officer pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.
−Removed: Certification of Chief Financial Officer pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.
−Removed: The following material from South Plains Financial, Inc.’s Form 10-Q for the quarter ended September 30, 2023, formatted in XBRL (eXtensible Business Reporting Language), filed herewith:
−Removed: (i) Consolidated
−Removed: Balance Sheets, (ii) Consolidated Statements of Comprehensive Income (Loss), (iii) Consolidated Statements of Changes in Stockholders’ Equity, (iv) Consolidated Statements of Cash Flows, and (v) Notes to Unaudited Consolidated Financial
−Removed: Filed with this Form 10-Q
−Removed: Furnished with this Form 10-Q
−Removed: Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.
−Removed: South Plains Financial, Inc.
−Removed: November 7, 2023
−Removed: /s/ Curtis C.
−Removed: Chairman and Chief Executive Officer
−Removed: November 7, 2023
−Removed: /s/ Steven B.
−Removed: Chief Financial Officer and Treasurer
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.