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 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.
+Added: There were no securities of the Company sold by the Company during the quarter ended September 26, 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
8 unchanged sentences
Shares that May Yet Be
−Removed: Purchased Under the Plans
−Removed: December 28, 2024 – January 31, 2025
−Removed: February 1 – February 28, 2025
−Removed: March 1 – March 28, 2025
−Removed: 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 28, 2025, 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 28, 2025.
+Added: Purchased Under the Plans or
+Added: July 1, – July 25, 2025
+Added: July 26 – August 29, 2025
+Added: August 30 – September 26, 2025
+Added: 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 Long-Term Incentive Compensation Plans.
+Added: On February 1, 2008, the Board of Directors authorized the purchase of up to 500,000 shares of Common Stock at market values, of which 250,000 shares were purchased during fiscal 2009 and 125,000 shares were purchased during fiscal 2012.
+Added: On July 27, 2012, the Board of Directors authorized the purchase of an additional 375,000 shares of Common Stock at market values.
+Added: This authorization has no expiration.
+Added: During the second quarter of fiscal 2013, the Company purchased 185,000 shares under this authorization.
+Added: The Company did not make any purchases during the quarter ended September 26, 2025.
+Added: As of September 26, 2025, 315,000 shares remain authorized for purchase.
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.