What changed in this filing

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Item 5. Market for Registrant’s Common Equity

2023-03-01 compared with 2022-03-02 · 37 added, 18 removed, 53 unchanged (51% of the section changed)

7 unchanged sentences

Stock Performance

The following graph and table compare, for the period comprised of the Company’s five preceding fiscal years ended January 2, 2022, the Company’s total returns to shareholders (assuming all dividends were reinvested) with that of (i) all companies listed on the Nasdaq Composite Index, (ii) our previous self-determined peer group, and (iii) our new self-determined peer group, assuming an initial investment of $100 in each on January 1, 2017 (the last day of the fiscal year 2016).

In 2021, the Company updated its self-determined peer group to exclude FLIR Systems, Inc.

and Knoll, Inc.

as both of these companies were acquired in 2021 and no longer trade publicly.

The following graph and table compare, for the period comprised of the Company’s five preceding fiscal years ended January 1, 2023, the Company’s total returns to shareholders (assuming all dividends were reinvested) with that of (i) all companies listed on the Nasdaq Composite Index, (ii) our previous self-determined peer group, and (iii) our new self-determined peer group, assuming an initial investment of $100 in each on December 31, 2017 (the last day of the fiscal year 2017).

In 2022, the Company updated its self-determined peer group to exclude Armstrong Flooring, Inc.

and Welbilt, Inc.

Armstrong Flooring, Inc.

was delisted and most of its assets were acquired in 2022, and Welbilt, Inc.

was acquired in 2022 and no longer trades publicly.

In determining its peer group companies, the Company considered various factors, including the potential peer’s industry, business model, size and complexity.

The Company chose a peer group that it believes provides a robust sample size with minimal revenue dispersion, with companies in similar industries or lines of business or subject to similar economic and business cycles, including companies with a significant international presence that are also focused on sustainability.

Tab le of Contents

January 1, 2017 December 31, 2017 December 30, 2018 December 29, 2019 January 3, 2021 January 2, 2022

Ta b le of Contents

December 31, 2017 December 30, 2018 December 29, 2019 January 3, 2021 January 2, 2022 January 1, 2023

Interface, Inc.

5 unchanged sentences

(1) If the annual interval, based on the fiscal year-end, is not a trading day, the preceding trading day is used.

(2) The index level was set to $100 as of January 1, 2017 (the last day of fiscal year 2016).

(2) The index level was set to $100 as of December 31, 2017 (the last day of fiscal year 2017).

(3) The Company’s fiscal year ends on the Sunday nearest December 31.

6 unchanged sentences

Caesarstone Ltd.;

FLIR Systems, Inc.;

Gentherm Incorporated;

1 unchanged sentence

Harsco Corporation;

Herman Miller, Inc.;

MillerKnoll, Inc.

(formerly Herman Miller, Inc.);

HNI Corporation;

2 unchanged sentences

Materion Corporation;

Glatfelter Corporation (formerly P.H.

Glatfelter Company);

1 unchanged sentence

and Welbilt, Inc.

FLIR Systems, Inc.

and Knoll, Inc.

are included as peers for periods prior to their acquisitions in 2021.

Welbilt, Inc.

is included as a peer for periods prior to its acquisition in 2022.

(5) The following companies are included in the New Self-Determined Peer Group depicted above:

2 unchanged sentences

Apogee Enterprises, Inc.;

Armstrong Flooring, Inc.;

Armstrong World Industries, Inc.;

3 unchanged sentences

Harsco Corporation;

Herman Miller, Inc.;

MillerKnoll, Inc.

(formerly Herman Miller, Inc.);

HNI Corporation;

2 unchanged sentences

Materion Corporation;

Glatfelter Corporation (formerly P.H.

Glatfelter Company);

Steelcase Inc.;

and Welbilt, Inc.

and Unifi, Inc.

Securities Authorized for Issuance Under Equity Compensation Plans

1 unchanged sentence

Issuer Purchases of Equity Securities

There were no purchases made by or on behalf of the Company, or any “affiliated purchaser” (as defined in Rule 10b-18(a)(3) under the Securities Exchange Act of 1934), of our common stock during our fourth quarter ended January 2, 2022.

Tab le of Contents

The following table contains information with respect to purchases made by or on behalf of the Company, or any “affiliated purchaser” (as defined in Rule 10b-18(a)(3) under the Securities Exchange Act of 1934), of our common stock during our fourth quarter ended January 1, 2023:

Purchased Average

Per Share Total Number

of Shares Purchased

as Part of Publicly Announced Plans or Programs (2)

Approximate Dollar Value of Shares that

Purchased Under the

Plans or Programs (2)

October 3, 2022 – October 30, 2022 (3)

163,539 $ 10.40 163,204 $ 83,853,300

October 31, 2022 – December 4, 2022 94,302 10.87 94,302 82,828,595

December 5, 2022 – January 1, 2023 — — — 82,828,595

Total 257,841 $ 10.57 257,506

(1) The monthly periods identified above correspond to the Company’s fiscal fourth quarter of 2022, which commenced October 3, 2022 and ended January 1, 2023.

(2) On May 17, 2022, the Company announced a new share repurchase program authorizing the repurchase of up to $100 million of common stock.

The program has no specific expiration date.

(3) Includes 335 shares received by the Company from employees to satisfy income tax withholding obligations in connection with the vesting of equity awards.

Ta b le of Contents

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.

What changed 10-K

Item 5. Market for Registrant’s Common Equity