2 unchanged sentences
We discontinued dividend payments in September 2015 in connection with the Spin-off and, thus, there have been no dividends declared since such time.
−Removed: On May 11, 2021, our Board of Directors authorized management to repurchase our capital stock over a period expiring at the earlier of May 10, 2022 or such earlier time determined by our Board of Directors in its sole discretion.
+Added: On May 10, 2022, our Board of Directors re-authorized management, in its sole discretion, to repurchase our capital stock in any fiscal year.
Under the authorization, we may repurchase shares through open market purchases, privately negotiated transactions or otherwise, and at prices and times and in amounts as we determine, subject to applicable restrictions under our senior credit agreement.
−Removed: Our senior credit agreement permits an unlimited amount of share repurchases if our consolidated leverage ratio (as calculated under the senior credit agreement) is less than 2.75 to 1.00.
−Removed: Otherwise, the senior credit agreement restricts our repurchase of shares if the amount of repurchases in any fiscal year exceeds $100.0 millio n plus a basket amount based on our cumulative consolidated net income from a specified date.
−Removed: We have not repurchased any shares under this authorization, and there were no repurchases of common stock during the three months ended December 31, 2021.
+Added: Our senior credit agreement permits an unlimited amount of share repurchases if our consolidated leverage ratio (as calculated under the senior credit agreement) is less th an 2.75 to 1.00.
+Added: O therwise, the senior credit agreement restricts our repurchase of shares if the amount of repurchases in an y fiscal year exceeds $100.0 million plus a basket amount based on our cumulative consolidated net income from a specified date.
+Added: Pursuant to this re-authorization, we repurchased 706,827 of our common stock for an aggregate purchase price of $33.7 million during the year ended December 31, 2022.
+Added: As of December 31, 2022, the maximum approximate dollar value of our common stock that may be purchased under this authorization during the current fiscal year is $66.3 million.
The number of stockholders of record of our common stock as of February 17, 2023 was 2,268 .
3 unchanged sentences
2017 2018 2019 2020 2021 2022
−Removed: SPX Corporation $ 100.00 $ 132.34 $ 118.09 $ 214.50 $ 229.93 $ 251.60
+Added: SPX Technologies, Inc.
+Added: $ 100.00 $ 89.23 $ 162.09 $ 173.75 $ 190.12 $ 209.14
S&P 500 100.00 95.62 125.72 148.85 191.58 156.88
2 unchanged sentences
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.