4 unchanged sentences
Stock Performance Graph
−Removed: The following graph compares the cumulative total stockholder return for our common stock from June 30, 2014 to June 30, 2019, with the comparable cumulative return of the NASDAQ Composite Index and the NASDAQ Computer Index.
−Removed: The graph assumes that $100 was invested on June 30, 2014 in our common stock, the NASDAQ Composite Index and the NASDAQ Computer Index and assumes reinvestment of any dividends.
+Added: The following graph compares the cumulative total stockholder return for our common stock from June 30, 2015 to June 30, 2020, with the comparable cumulative return of the NASDAQ Composite Index, the NASDAQ Computer Index, the NYSE Composite Index and the S&P Computer & Retail Index.
+Added: The graph assumes that $100 was invested on June 30, 2015 in our common stock, the NASDAQ Composite Index, the NASDAQ Computer Index, the NYSE Composite Index and the S&P Computer & Retail Index and assumes reinvestment of any dividends.
+Added: Our common stock commenced trading on the NYSE on August 20, 2019 under the ticker symbol “UI”.
The stock price performance on the following graph is not necessarily indicative of future stock price performance.
1 unchanged sentence
COMPARISON OF 5 YEAR CUMULATIVE TOTAL RETURN*
−Removed: Among Ubiquiti Inc., the NASDAQ Composite Index, and the NASDAQ Computer Index
+Added: Among Ubiquiti Inc., the NASDAQ Composite Index, the NASDAQ Computer Index, the NYSE Composite Index and the S&P Computer & Electronics Retail Index
*100 invested on 6/30/15 in stock or index, including reinvestments of dividends.
2 unchanged sentences
Date of Approved and Publicly Announced Program Amount of Publicly Announced Program Total Number of Shares Purchased as Part of Publicly Announced Programs Average Price Paid per Share Total Aggregate Amount Paid Period of Purchases Estimated Remaining Balance Available for Share Repurchases under the Programs Expiration date of Program
−Removed: March 13, 2018 $200 million 1,172,277 $90.63 $106.2 August 8, 2018 through September 26, 2018 $ — 6/30/2019
−Removed: May 8, 2018 $200 million 2,221,749 $90.02 $200.0 September 26, 2018 through December 24, 2018 $ — 6/30/2019
−Removed: November 6, 2018 $200 million 1,339,827 $122.56 $164.2 December 24, 2018 through June 28, 2019 $ 35.8 12/31/2019
+Added: May 8, 2020 $500 million — $— $— — $ 500.0 3/31/2022
+Added: November 8, 2019 $200 million 1,211,771 $133.78 $162.1 February 7, 2020 - April 21, 2020 $ 37.9 12/31/2021
+Added: August 9, 2019 $500 million 4,337,320 $115.28 $500.0 August 12, 2019 - October 28, 2019 $ — 12/31/2020
+Added: November 9, 2018 $200 million 293,709 $121.86 $35.8 July 8,2019 - August 12, 2019 $ — 12/31/2019
Common stock repurchase activity under the share repurchase program during the fourth quarter ended June 30, 2020 was as follows (in millions, except share and per share amounts):
4 unchanged sentences
Total 99,165 $ 138.25 99,165 $ 537.9
−Removed: On August 24, 2018, our Board of Directors approved to pay regular quarterly cash dividends of $0.25 per share during fiscal year 2019.
−Removed: Since then, cash dividends have been declared in August 2018, November 2018, February 2019 and May 2019 and paid in September 2018, November 2018, February 2019 and May 2019.
−Removed: There were no cash dividends paid on our shares of common stock during the fiscal year ended June 30, 2018.
−Removed: On August 8, 2019, the Company's Board of Directors declared $0.30 per share cash dividend payable on August 26, 2019 to shareholders of record at the close of business on August 19, 2019.
−Removed: Any future dividends will be subject to the approval of the Company's Board of Directors.
+Added: The following tables provides information with respect to the Company’s cash dividends declared and frequency of payments during fiscal year ended June 30, 2020 and 2019:
+Added: Year Ended June 30, 2020
+Added: Dividends declared date August 8, 2019 November 6, 2019 February 4, 2020 May 5, 2020
+Added: Dividends payment date August 19, 2019 November 25, 2019 February 25, 2020 May 26, 2020
+Added: Cash dividend paid per common stock $ 0.30 $ 0.30 $ 0.30 $ 0.30
+Added: Year Ended June 30, 2019
+Added: Dividends declared date August 8, 2018 November 9, 2018 February 8, 2019 May 10, 2019
+Added: Dividends payment date September 10, 2018 November 26, 2018 February 25, 2019 May 28, 2019
+Added: Cash dividend paid per common stock $ 0.25 $ 0.25 $ 0.25 $ 0.25
+Added: On August 21, 2020, the Company announced that its Board of Directors declared a cash dividend of $0.40 per share payable on September 8, 2020 to shareholders of record at the close of business on August 31, 2020.
+Added: The Company intends to pay regular quarterly cash dividends of at least $0.40 per share during each remaining quarter of fiscal 2021, however any future dividends will be subject to the approval of the Company’s Board of Directors.
In determining whether to approve future dividends, the Company’s Board of Directors will take into account such matters as our financial position and results of operations, available cash and cash flow, capital requirements, growth opportunities, applicable corporate legal requirements, and other factors deemed relevant.
20 unchanged sentences
Litigation settlement — 18,000 — — —
−Removed: Business e-mail compromise ("BEC")- (recovery)/ fraud
+Added: Business e-mail compromise (“BEC”)- (recovery)
— — — — (8,294)
18 unchanged sentences
Total stock-based compensation $ 2,888 $ 2,890 $ 3,208 $ 2,785 $ 3,719
−Removed: (2) Includes purchase commitment termination fee
−Removed: $ — $ — $ — $ — $ 5,500
(2) Includes the excess tax benefits resulting from the adoption of ASU 2016-09 Stock Compensation
2 unchanged sentences
$ — $ 2,765 $ 116,572 $ — $ —
−Removed: (5) Effective July 1, 2018, for fiscal year end 2019, the Company adopted the new revenue accounting standard (“ASC 606”).
−Removed: As we elected the modified retrospective method of adoption, comparative information from prior periods has not been restated and continues to be reported under the ASC 605, “Revenue Recognition” information.
+Added: (4) Effective July 1, 2018, for fiscal year end 2019 and fiscal year end 2020, the Company adopted the new revenue accounting standard (“ASC 606”).
+Added: As we elected the modified retrospective method of adoption, comparative information from prior periods have not been restated and continues to be reported under the ASC 605, “Revenue Recognition” information.
Refer to Note 2, “Significant Accounting Policies” and Note 3, “Revenue” for additional information.
10 unchanged sentences
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.