3 unchanged sentences
Holders of Record
−Removed: As of June 17, 2021, there was one stockholder of record of our Class A common stock and there were 61 stockholders of record of our Class B common stock.
+Added: As of May 25, 2022, there was one stockholder of record of our Class A common stock and there were 63 stockholders of record of our Class B common stock.
The actual number of stockholders is greater than this number of record holders and includes stockholders who are beneficial owners but whose shares are held in street name by brokers and other nominees.
Dividend Policy
−Removed: On February 9, 2021, we announced a dividend of $0.07 per share of Class A common stock, which was paid on March 12, 2021 to holders of record at the close of business on February 26, 2021.
−Removed: On June 15, 2021, we announced a dividend of $0.07 per share of Class A common stock, which is payable on July 15, 2021 to holders of record at the close of business on June 30, 2021.
+Added: The Board of Directors of the Company declared a quarterly cash dividend of $0.15 per share of Class A common stock, which was paid on March 15, 2022 to holders of record at the close of business on February 28, 2022.
+Added: In addition, on May 26, 2022, we announced a dividend of $0.20 per share of Class A common stock, which is payable on June 30, 2022 to holders of record at the close of business on June 15, 2022.
+Added: This dividend relates to earnings in respect of our fourth quarter of fiscal year 2022.
+Added: The following table presents information regarding quarterly dividends on Class A common shares for the periods indicated:
+Added: Quarterly Fiscal Period 1
+Added: Dividend Payment Date Dividend Per Share of Class A Common Stock
+Added: First quarter N/A
+Added: Second quarter N/A
+Added: Third quarter N/A
+Added: Fourth quarter March 12, 2021 $ 0.07
+Added: Total dividends paid in FY2021 $ 0.07
+Added: First quarter July 15, 2021 $ 0.07
+Added: Second quarter September 15, 2021 0.07
+Added: Third quarter December 15, 2021 0.15
+Added: Fourth quarter March 15, 2022 0.15
+Added: Total dividends paid in FY2022 $ 0.44
+Added: _______________________________
+Added: (1) Prior to the Company’s IPO on September 16, 2020, it was a wholly-owned subsidiary of the Partnership, had a single class of common stock and did not pay dividends.
+Added: As such, there is no quarterly dividend information reported for the quarter ended September 30, 2020 or any periods prior.
+Added: Dividends paid, as reported in this table, relate to the preceding quarterly period in which they were earned.
Subject to funds being legally available, we intend to cause the Partnership to make distributions to each of its partners, including SSG, in an amount intended to enable each partner to pay all applicable taxes on taxable income allocable to such partner and to allow SSG to make payments under the Tax Receivable Agreements, and non-pro rata payments to SSG to reimburse it for corporate and other overhead expenses.
4 unchanged sentences
• general economic and business conditions;
−Removed: • our financial condition and operating results;
+Added: • our financial condition and results of operations;
• our available cash and current and anticipated cash needs;
• our capital requirements;
−Removed: • contractual, legal, tax and regulatory restrictions and implications on the payment of dividends by us to our stockholders or by our subsidiaries (including the Partnership) to us;
+Added: • contractual, legal, tax and regulatory requirements, restrictions and implications on the payment of dividends by us to our stockholders or by our subsidiaries (including the Partnership) to us;
• such other factors as our board of directors may deem relevant.
4 unchanged sentences
Recent Sales of Unregistered Securities
+Added: Except as previously disclosed in Current Reports on Form 8-K, no unregistered sales of the Company’s equity securities were made during the year ended March 31, 2022.
Use of Proceeds
5 unchanged sentences
The performance shown in the graph below is not intended to forecast or be indicative of future stock price performance.
−Removed: September 16, 2020 March 31, 2021
+Added: September 16, 2020 March 31, 2021 March 31, 2022
StepStone Group Inc.
2 unchanged sentences
Dow Jones US Asset Managers Index $ 100.00 $ 140.46 $ 153.12
−Removed: Selected Financial Data.
−Removed: Removed and Reserved.
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.