1 unchanged sentence
Unregistered Sales of Equity Securities
−Removed: There were no securities of the Company sold by the Company during the quarter ended March 29, 2024, which were not registered under the Securities Act of 1933, in reliance upon an exemption from registration provided by Section 4 (2) of the Act.
+Added: There were no securities of the Company sold by the Company during the quarter ended September 27, 2024, which were not registered under the Securities Act of 1933, in reliance upon an exemption from registration provided by Section 4 (2) of the Act.
Use of Proceeds
2 unchanged sentences
Issuer Purchases of Equity Securities
−Removed: (c) Total Number of
−Removed: Shares Purchased as
−Removed: Part of Publicly
−Removed: Announced Plans or
+Added: (c) Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs
(d) Maximum Number of
Shares that May Yet Be
−Removed: Purchased Under the Plans or
−Removed: December 30, 2023 – January 26, 2024
−Removed: January 27 – February 23, 2024
−Removed: February 24 – March 29, 2024
+Added: Purchased Under the Plans
+Added: July 1, – July 26, 2024
+Added: July 27 – August 30, 2024
+Added: August 31 – September 27, 2024
The amounts shown in Column (a) above represent shares of common stock delivered to the Company as payment of withholding taxes due on the vesting of restricted stock and performance stock issued under the Twin Disc, Incorporated 2021 and 2018 Long-Term Incentive Compensation Plans.
Under authorizations granted by the Board of Directors on February 1, 2008 and July 27, 2012, the Company was authorized to purchase 500,000 shares of its common stock.
−Removed: This authorization has no expiration, and as of March 29, 2024, 315,000 may yet be purchased under these authorizations.
−Removed: The Company did not purchase any shares of its common stock pursuant to these authorizations during the quarter ended March 29, 2024.
+Added: This authorization has no expiration, and as of September 27, 2024, 315,000 may yet be purchased under these authorizations.
+Added: The Company did not purchase any shares of its common stock pursuant to these authorizations during the quarter ended September 27, 2024.
The discussion of limitations upon the payment of dividends as a result of the Credit Agreement between the Company and BMO Harris Bank, N.A., as discussed in Part I, Item 2, "Management's Discussion and Analysis " under the heading "Financial Condition, Liquidity and Capital Resources," is incorporated herein by reference.
1 unchanged sentence
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.