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Our common stock is listed on the NYSE under the symbol “UTI.”
−Removed: The closing price of our common stock as reported by the NYSE on November 28, 2023 was $11.62 per share.
−Removed: As of November 28, 2023, there were 14 holders of record of our common stock.
+Added: The closing price of our common stock as reported by the NYSE on December 3, 2024 was $24.17 per share.
+Added: As of December 3, 2024, there were 18 holders of record of our common stock.
On June 9, 2016, our board of directors voted to eliminate the quarterly cash dividend on our common stock.
−Removed: Any future common stock dividends require the approval of a majority of the voting power of the Series A Preferred Stock.
+Added: Any future common stock dividends require the approval from our board of directors.
+Added: Pursuant to the Certificate of Designations of the Series A Preferred Stock, we paid preferred stock cash dividends of $1.1 million during the year ended September 30, 2024.
+Added: As of September 30, 2024, no shares of the Series A Preferred Stock remained outstanding and all rights of the holders to receive future dividends have been terminated due to the combination of the repurchase and conversion of all outstanding preferred shares as of December 18, 2023.
+Added: See Note 18 of the notes to our Consolidated Financial Statements within Part II, Item 8 of this Annual Report on Form 10-K for further information on the preferred share conversion.
We continuously evaluate our cash position in light of growth opportunities, operating results and general market conditions.
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On December 10, 2020, our board of directors authorized a new share repurchase plan that would allow for the repurchase of up to $35.0 million of our common stock in the open market or through privately negotiated transactions.
−Removed: This new share repurchase plan replaced the previously authorized plan from fiscal 2012.
−Removed: Any repurchases under this new stock repurchase program require the approval of a majority of the voting power of our Series A Preferred Stock.
−Removed: We did not repurchase any shares during the year ended September 30, 2023.
+Added: Any repurchases under this new stock repurchase program require the approval of our board of directors.
+Added: We did not repurchase any shares during the quarter ended September 30, 2024.
Stock Performance Graph
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• If the monthly interval, based on the fiscal year-end, is not a trading day, the preceding trading day is used.
−Removed: • The index level for all series was set to $100 on September 30, 2018.
−Removed: • Russell 2000 Index Data:
−Removed: Copyright Russell Investments.
−Removed: Used with permission.
−Removed: All rights reserved.
−Removed: Copyright 1980-2022.
+Added: • The index level for all series was set to $100.00 on 9/30/2019.
Prepared by Zacks Investment Research, Inc.
2 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.