10 unchanged sentences
1) None of the shares were purchased as part of a publicly announced plan and all were purchased on the open market.
+Added: 2) The total number of shares repurchased to-date in 2025 through August 11 was 129,433 at an average cost of $56.21/ share, approximately 4% of year-end 2024 outstanding shares.
The frequency of UTMD’s open market share repurchases depends on the availability of sellers and the price of the stock.
−Removed: The board of directors has not established an expiration date or a maximum dollar or share limit for UTMD’s continuing and long-term pattern of open market share repurchases since 1992.
+Added: The board of directors has not established an expiration date or a maximum dollar or share limit for UTMD’s continuing and long-term pattern of opportunistic open market share repurchases since 1992.
The purpose of UTMD’s ongoing share repurchases is to maximize the value of the Company for its continuing stockholders, and maximize its return on stockholder equity by employing excess cash generated by effectively managing its business .
UTMD does not intend to repurchase shares that would result in terminating its Nasdaq Global Market listing.
−Removed: Please see item 9) Subsequent Events in the Notes to Financial Statements for shares repurchased in April 2025.
SEC Reference #
14 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.