3 unchanged sentences
Share repurchases are made from time to time in the open market or through privately negotiated transactions, primarily to offset the dilutive effect of shares issued through our share-based compensation programs.
−Removed: As of March 31, 2021, our 2017 Credit Agreement restricts the payment of dividends or repurchasing of stock requiring that, after giving effect to such payments, no default exists or would result from such payment.
+Added: As of June 30, 2021, our 2021 Credit Agreement restricts the payment of dividends or repurchasing of stock requiring that, after giving effect to such payments, no default exists or would result from such payment.
Additionally, cash dividends are restricted to $7.5 million per quarter and approved levels of other restricted payments range from $60.0 million to unlimited based on our net leverage ratio (not taking into account any acquisition holiday) after giving effect to such payment.
−Removed: Our Senior Notes due 2025 also contain certain restrictions, which are generally less restrictive than those contained in the 2017 Credit Agreement and the amended and restated 2021 Credit Agreement.
For the Quarter Ended
3 unchanged sentences
Maximum Number of Shares that May Yet Be Purchased Under the Plans or
−Removed: March 31, 2021
+Added: June 30, 2021
Purchased (1)
−Removed: January 1–31, 2021
−Removed: February 1–28, 2021
−Removed: March 1–31, 2021
+Added: April 1–30, 2021
+Added: May 1–31, 2021
+Added: June 1–30, 2021
Includes 3,305 shares delivered or attested to in satisfaction of the exercise price and/or tax withholding obligations by employees who exercised stock options or restricted stock under employee share-based compensation plans.
8 unchanged sentences
Incorporated by reference to Exhibit 4.1 to the Company's Current Report on Form 8-K filed April 24, 2017.
−Removed: Transition Agreement with H.
−Removed: Chris Killingstad
−Removed: Filed herewith electronically.
−Removed: Amendment to Employment Agreement with David Huml
+Added: Credit Agreement, dated as of April 5, 2021
+Added: Incorporated by reference to Exhibit 10.1 to the Company's Current Report on Form 8-K filed on April 7, 2021.
+Added: Offer Letter with Fay West commencing April 15, 2021
Filed herewith electronically.
7 unchanged sentences
Filed herewith electronically.
−Removed: The following financial information from Tennant Company's Quarterly Report on Form 10-Q for the period ended March 31, 2021, formatted in Inline eXtensible Business Reporting Language (iXBRL):
−Removed: (i) Consolidated Statements of Income for the three months ended March 31, 2021 and 2020;
−Removed: (ii) Consolidated Statements of Comprehensive Income for the three months ended March 31, 2021 and 2020;
−Removed: (iii) Consolidated Balance Sheets as of March 31, 2021 and December 31, 2020;
−Removed: (iv) Consolidated Statements of Cash Flows for the three months ended March 31, 2021 and 2020;
−Removed: (v) Consolidated Statements of Equity;
+Added: The following financial information from Tennant Company's Quarterly Report on Form 10-Q for the period ended June 30, 2021, formatted in Inline eXtensible Business Reporting Language (iXBRL):
+Added: (i) Consolidated Statements of Income for the three and six months ended June 30, 2021 and 2020;
+Added: (ii) Consolidated Statements of Comprehensive Income for the three and six months ended June 30, 2021 and 2020;
+Added: (iii) Consolidated Balance Sheets as of June 30, 2021 and December 31, 2020;
+Added: (iv) Consolidated Statements of Cash Flows for the six months ended June 30, 2021 and 2020;
+Added: (v) Consolidated Statements of Equity for the six months ended June 30, 2021 and 2020;
and (vi) Notes to the Consolidated Financial Statements.
Filed herewith electronically.
−Removed: Cover Page Interactive Data File (formatted as iXBRL and contained in Exhibit 101)
+Added: Cover Page Interactive Data File (formatted as Inline XBRL and contained in Exhibit 101)
Filed herewith electronically.
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.
+Added:            
TENNANT COMPANY
+Added: August 3, 2021
+Added:             
+Added:            
+Added:            
President and Chief Executive Officer
+Added: August 3, 2021
Senior Vice President and Chief Financial Officer (Principal Financial and Accounting Officer)
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.