2 unchanged sentences
Our common stock is traded on The NASDAQ Global Market under the symbol “ULH.”
−Removed: As of March 7, 2025, there were approximately 50 record holders of our common stock, based upon data available to us from our transfer agent.
−Removed: We believe, however, that we have a significantly greater number of shareholders because a substantial number of our common shares are held at the Depository Trust & Clearing Corporation on behalf of our shareholders.
−Removed: We have a cash dividend policy that anticipates a regular dividend of $0.42 per share of common stock, payable in quarterly increments of $0.105 per share of common stock.
−Removed: In addition, under our current dividend policy, after considering the regular quarterly dividends made during the year, the Board of Directors also evaluates the potential declaration of an annual special dividend payable in the first quarter of each year.
−Removed: The Board of Directors did not declare a special dividend in the first quarter of 2025.
−Removed: Currently, we anticipate continuing to pay cash dividends on a quarterly basis, but we cannot guarantee that such dividends will be paid in the future.
−Removed: Future dividend policy and the payment of dividends, if any, will be determined by the Board of Directors in light of circumstances then existing, including our earnings, financial condition and other factors deemed relevant by the Board of Directors.
−Removed: Limitations on our ability to pay dividends are described under the section captioned “Liquidity and Capital Resources – Revolving Credit, Promissory Notes and Term Loan Agreements” in Item 7 of this Form 10-K.
+Added: As of March 9, 2026, there were approximately 45 holders of record of our common stock, based on information provided by our transfer agent.
+Added: Because a substantial number of shares of our common stock are held of record by the Depository Trust & Clearing Corporation or its nominee on behalf of brokers, banks, and other nominees, the number of beneficial owners of our common stock is likely greater than the number of record holders.
+Added: We have historically paid cash dividends on our common stock.
+Added: Under our current dividend policy, we anticipate a regular quarterly cash dividend of $0.105 per share of common stock, or $0.42 per share on an annualized basis, subject to declaration by our Board of Directors.
+Added: In addition, after considering the regular quarterly dividends paid during the year, the Board of Directors may evaluate the declaration of a special cash dividend, typically payable in the first quarter of the following year.
+Added: The declaration, amount, and timing of any dividends, including any special dividends, are subject to the discretion of the Board of Directors and depend on a variety of factors, including our earnings, financial condition, liquidity, capital requirements, leverage, covenant compliance, and other factors deemed relevant by the Board.
+Added: There can be no assurance that we will continue to pay dividends at historical levels or at all.
+Added: Limitations on our ability to pay dividends are described under “Liquidity and Capital Resources—Revolving Credit, Promissory Notes and Term Loan Agreements” in Item 7 of this Annual Report on Form 10-K.
Securities Authorized for Issuance under Equity Compensation Plans
−Removed: See Part III, Item 12, “Security Ownership of Certain Beneficial Owners and Management and Related Shareholder Matters” of this Annual Report for a presentation of compensation plans under which equity securities of the Company are authorized for issuance.
+Added: Information regarding securities authorized for issuance under our equity compensation plans is set forth in Part III, Item 12, “Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters,” of this Annual Report on Form 10-K and is incorporated herein by reference.
Purchases of Equity Securities by the Issuer
−Removed: The following table provides information regarding the Company’s purchases of its common stock during the period from September 29, 2024 to December 31, 2024, the Company’s fourth fiscal quarter:
−Removed: Fiscal Period
−Removed: Total Number of Shares Purchased
−Removed: Average Price Paid per Share
−Removed: Total Number of Shares Purchased as Part of Publicly Announced Program
−Removed: Maximum Number of Shares that May Yet be Purchased Under the Plans or Program
−Removed: 29, 2024 - Oct.
−Removed: 27, 2024 - Nov.
−Removed: 24, 2024 - Dec.
−Removed: (1) Consists of 471 shares of common stock acquired on November 25, 2024 by the Company from an employee for $24,238 upon exercising its right of first refusal pursuant to a restricted stock bonus award agreement.
−Removed: On July 29, 2021, the Company announced that it had been authorized to purchase up to 1,000,000 shares of its common stock from time to time in the open market.
−Removed: As of December 31, 2024, 513,251 shares remain available under this authorization.
−Removed: No specific expiration date has been assigned to the authorization.
+Added: On July 29, 2021, our Board of Directors authorized the repurchase of up to 1,000,000 shares of our common stock from time to time in the open market.
+Added: As of December 31, 2025, approximately 513,251 shares remained available for repurchase under this authorization.
+Added: The authorization does not have an expiration date and may be suspended, modified, or discontinued at any time at the discretion of the Board of Directors.
+Added: The timing and amount of any future repurchases will depend on market conditions, share price, liquidity, covenant compliance, capital requirements, and other factors.
+Added: There were no purchases of our equity securities by or on behalf of us or any affiliated purchaser within the fourth quarter of 2025.
Performance Graph
−Removed: The graph below matches Universal Logistics Holdings, Inc.'s cumulative 5-year total shareholder return on common stock with the cumulative total returns of the NASDAQ Composite index and the NASDAQ Transportation index.
−Removed: The graph tracks the performance of a $100 investment in our common stock and in each index (with the reinvestment of all dividends) from December 31, 2019 to December 31, 2024.
+Added: The following graph compares the cumulative total stockholder return on our common stock with the cumulative total return of the NASDAQ Composite Index and the NASDAQ Transportation Index for the five-year period ended December 31, 2025.
+Added: The graph assumes an initial investment of $100 in each index and in our common stock on December 31, 2020 and the reinvestment of all dividends.
Universal Logistics Holdings, Inc.
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NASDAQ Transportation
−Removed: The stock price performance included in this graph is not necessarily indicative of future stock price performance.
+Added: The stock price performance shown in the graph above is not necessarily indicative of future stock price performance.
+Added: The performance graph shall not be deemed “soliciting material” or “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, nor shall it be deemed incorporated by reference into any filing under the Securities Act of 1933 or the Exchange Act, except to the extent that we specifically incorporate it by reference.
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.