UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS
−Removed: As indicated in the following table, we did not repurchase shares of our common stock during the three-month period ended December 31, 2021:
+Added: As indicated in the following table, we did not repurchase shares of our common stock during the three-month period ended June 30, 2022:
Total Number of Shares Repurchased Average Price Paid Per Share (2)
1 unchanged sentence
Dollar Value of Shares that May Yet Be Purchased Under the Plans or Programs (3)
−Removed: October 1-31, 2021 — $ — — $ 100,000,000
−Removed: November 1-30, 2021 — — — 100,000,000
−Removed: December 1-31, 2021 — — — 100,000,000
+Added: April 1-30, 2022 — $ — — $ 96,946,661
+Added: May 1-31, 2022 — — — 96,946,661
+Added: June 1-30, 2022 — — — 96,946,661
Total — $ — — $ 96,946,661
4 unchanged sentences
This stock repurchase plan authorizes the purchase of up to $100 million in common and/or preferred stock in open market or privately negotiated transactions through November 15, 2022 or when we have exhausted the funds authorized for the program, subject to market conditions and other factors.
+Added: Our current dividend policy anticipates the payment of quarterly dividends in the future.
+Added: However, the declaration and payment of dividends to holders of common stock is at the discretion of the Board of Directors and will be dependent upon our future earnings, financial condition, and capital requirements.
+Added: Under certain of our credit facilities, we must meet financial covenants relating to minimum tangible net worth and maximum levels of debt.
+Added: If we were not in compliance with them, these financial covenants could restrict our ability to pay dividends.
+Added: We were in compliance with all such covenants at June 30, 2022.
31.1 Certification of Chief Executive Officer Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.*
10 unchanged sentences
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.
−Removed: February 2, 2022 UNIVERSAL CORPORATION
+Added: UNIVERSAL CORPORATION
+Added: August 3, 2022 /s/ Johan C.
Kroner, Senior Vice President and Chief Financial Officer
(Principal Financial Officer)
+Added: August 3, 2022 /s/ Scott J.
Bleicher, Vice President and Controller
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.