1 unchanged sentence
Market Information and Holders of Class A Subordinate Voting Shares
−Removed: The principal market on which the Company’s Class A subordinate voting shares are traded is the NASDAQ National Market (“NASDAQ”) (symbol:
+Added: The principal market on which the Company’s Class A subordinate voting shares are traded is the Nasdaq Stock Market (“NASDAQ”) (symbol:
There is no established public trading market for our Class B voting shares.
2 unchanged sentences
The Company has not declared a dividend for the three-year period ending December 31, 2020.
−Removed: The payment of any future dividends will be at the discretion of MDC’s board of directors and will depend upon limitations under applicable law and contained in our Credit Agreement and the indenture governing the 6.50% Notes, future earnings, capital requirements, our general financial condition and general business conditions.
−Removed: Securities Authorized for Issuance Under Equity Compensation Plans
−Removed: For information on securities authorized for issuance under our equity compensation plans, see Item 12, “Item 1.
−Removed: Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters,” which relevant information will be included in our Proxy Statement for the 2020 Annual General Meeting of Stockholders.
+Added: The payment of any future dividends will be at the discretion of MDC’s board of directors and will depend upon limitations under applicable law and contained in our Credit Agreement and the indenture governing the Senior Notes, future earnings, capital requirements, our general financial condition and general business conditions.
Purchase of Equity Securities by the Issuer and Affiliated Purchasers
For the twelve months ended December 31, 2020, the Company made no open market purchases of its Class A shares or its Class B shares.
−Removed: Pursuant to its Credit Agreement and the indenture governing the 6.50% Notes, the Company is currently limited from repurchasing its shares in the open market.
+Added: Pursuant to its Credit Agreement and the indenture governing the Senior Notes, the Company is currently limited from repurchasing its shares in the open market.
During 2020, the Company’s employees surrendered Class A shares in connection with the required tax withholding resulting from the vesting of restricted stock.
2 unchanged sentences
The following table details those shares withheld during the fourth quarter of 2020:
−Removed: Total Number of Shares Purchased
−Removed: Average Price Paid Per Share
−Removed: Total Number of Shares Purchased as Part of Publicly Announced Program
−Removed: Maximum Number of Shares That May Yet Be Purchased Under the Program
+Added: Period Total Number of Shares Purchased Average Price Paid Per Share Total Number of Shares Purchased as Part of Publicly Announced Program Maximum Number of Shares That May Yet Be Purchased Under the Program
10/1/2020 - 10/31/2020 20,014 $ 2.21 — —
1 unchanged sentence
12/1/2020 - 12/31/2020 — — — —
+Added: Total 20,014 $ 2.21 — —
Selected Financial Data
−Removed: The following selected financial data should be read in connection with Item 7 — “Management’s Discussion and Analysis of Financial Condition and Results of Operations” and the Consolidated Financial Statements and related Notes that are included in this Form 10-K.
−Removed: Years Ended December 31,
−Removed: (Dollars in Thousands, Except per Share Data)
−Removed: Operating Data
−Removed: Operating income
−Removed: Net income (loss)
−Removed: Stock-based compensation included in income (loss)
−Removed: Net income (loss) per Share
−Removed: Net income (loss) attributable to MDC Partners Inc.
−Removed: common shareholders
−Removed: Net income (loss) attributable to MDC Partners Inc.
−Removed: common shareholders
−Removed: Cash dividends declared per share
−Removed: Financial Position Data
−Removed: Redeemable noncontrolling interests
−Removed: Deferred acquisition consideration
−Removed: Effective January 1, 2019, the Company adopted FASB Accounting Standards Codification (or “ASC”), Topic 842 Leases (“ASC 842”).
−Removed: As a result, comparative prior periods have not been adjusted and continue to be reported under FASB ASC Topic 840, Leases.
−Removed: See Note 10 to the Consolidated Financial Statements included herein for further information regarding the adoption of ASC 842.
+Added: Not Applicable.
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.