1 unchanged sentence
Unregistered Sales of Equity Securities
−Removed: There were no securities of the Company sold by the Company during the quarter ended December 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.
+Added: There were no securities of the Company sold by the Company during the quarter ended March 28, 2025, 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
9 unchanged sentences
Purchased Under the Plans
−Removed: September 28 – October 25, 2024
−Removed: October 2 – November 29, 2024
−Removed: November 30 – December 27, 2024
−Removed: 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 Amended and Restated 2021 Omnibus Incentive Plan (the “Omnibus Plan”).
+Added: December 28, 2024 – January 31, 2025
+Added: February 1 – February 28, 2025
+Added: March 1 – March 28, 2025
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 December 27, 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 December 27, 2024.
+Added: This authorization has no expiration, and as of March 28, 2025, 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 March 28, 2025.
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.