6 unchanged sentences
Issuer Purchases of Equity Securities
−Removed: On May 10, 2022, our Board approved a stock repurchase program, which authorizes us to repurchase up to $100.0 million of our shares of common stock over the next three years.
−Removed: We may effect these repurchases in open market transactions, privately negotiated purchases, or other acquisitions.
−Removed: We are not obligated to repurchase any of our shares of our common stock under the program and the timing and amount of any repurchases will depend on market conditions, our stock price, alternative uses of capital, the terms of our debt instruments, and other factors.
−Removed: No shares were repurchased during the fourth quarter of the year ended December 31, 2024.
−Removed: As of December 31, 2024, $77.0 million remained available under our stock repurchase program.
+Added: On May 10, 2022, our Board approved a stock repurchase program, which authorized us to repurchase up to $100.0 million of our shares of common stock over the next three years.
+Added: We were authorized to effect these repurchases in open market transactions, privately negotiated purchases, or other acquisitions.
+Added: We were not obligated to repurchase any of our shares of our common stock under the program and the timing and amount of any repurchases was subject to market conditions, our stock price, alternative uses of capital, the terms of our debt instruments, and other factors.
+Added: The Repurchase Program expired on May 10, 2025, and the Board has not authorized a new stock repurchase program.
We currently do not intend to pay cash dividends on our common stock.
3 unchanged sentences
Our ability to pay dividends will therefore be restricted as a result of restrictions on their ability to pay dividends to us under our Credit Agreement and under other current and future indebtedness that we or they may incur.
−Removed: See “Risk Factors—Risks Relating Ownership of our Common Stock—We do not anticipate paying any quarterly cash dividends, and accordingly, stockholders must rely on stock appreciation for any return on their investment” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations—Liquidity and Capital Resources.”
+Added: See “Risk Factors—Risks Relating to Ownership of our Common Stock—We do not anticipate paying any quarterly cash dividends, and accordingly, stockholders must rely on stock appreciation for any return on their investment” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations—Liquidity and Capital Resources.”
Performance Graph
−Removed: The following graph compares the cumulative total return on our common stock since it began trading on the Nasdaq Global Select Market on April 23, 2021 with the cumulative total return of the Russell 2000 Index and the S&P SmallCap 600 Consumer Discretionary Index.
−Removed: The graph assumes, in each case, an initial investment of $100 on April 23, 2021, based on the market price at the end of each month through and including December 31, 2024, and that all dividends paid by companies included in these indices have been reinvested.
+Added: The following graph compares the cumulative total return on our common stock on the Nasdaq Global Select Market since December 31, 2021 with the cumulative total return of the Russell 2000 Index and the S&P SmallCap 600 Consumer Discretionary Index.
+Added: The graph assumes, in each case, an initial investment of $100 on December 31, 2021, based on the market price at the end of each month through and including December 31, 2025, and that all dividends paid by companies included in these indices have been reinvested.
We did not pay any dividends during the period reflected in the graph.
+Added: 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Latham Group, Inc.
+Added: $ 91.85 $ 11.82 $ 9.65 $ 25.54 $ 23.30
+Added: Russell 2000 $ 99.56 $ 79.21 $ 92.62 $ 103.31 $ 116.54
S&P SmallCap 600 Consumer Discretionary Index $ 98.11 $ 70.82 $ 73.83 $ 77.79 $ 74.66
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.