2 unchanged sentences
Holders of Common Stock
−Removed: As of December 31, 2022, INNOVATE had approximately 50 holders of record of its common stock.
+Added: As of February 29, 2024, INNOVATE had approximately 48 holders of record of its common stock.
This number does not include stockholders for whom shares were held in "nominee" or "street" name.
−Removed: INNOVATE paid no dividends on its common stock in 2022 or 2021, and the INNOVATE Board of Directors has no current intention of paying any dividends on INNOVATE common stock in the near future.
−Removed: The payment of dividends on common stock, if any, in the future is within the discretion of the INNOVATE Board of Directors and will depend on our earnings, our capital requirements, financial condition, the ability to comply with the requirements of the law and agreements governing our and our subsidiaries indebtedness.
−Removed: The Secured Indentures of certain of our debt instruments contain covenants that, among other things, limit or restrict our ability to make certain restricted payments, including the payment of cash dividends with respect to INNOVATE’s common stock.
+Added: INNOVATE paid no dividends on its common stock in 2023 or 2022, and our board of directors has no current intention of paying any dividends on our common stock in the near future.
+Added: The payment of dividends on common stock, if any, in the future is within the discretion of our board of directors and will depend on our earnings, our capital requirements, financial condition, the ability to comply with the requirements of the law and agreements governing our and our subsidiaries indebtedness.
+Added: The secured indentures governing certain of our debt instruments contain covenants that, among other things, limit or restrict our ability to make certain restricted payments, including the payment of cash dividends with respect to our common stock.
The DBMG Facility contains similar covenants applicable to DBMG.
1 unchanged sentence
Management’s Discussion and Analysis of Financial Condition and Results of Operations - Liquidity and Capital Resources and Note 11.
−Removed: Debt Obligations to our Consolidated Financial Statements included in the Annual Report on Form 10-K for more detail concerning our Secured Notes and other financing arrangements.
+Added: Debt Obligations to our Consolidated Financial Statements included in this Annual Report on Form 10-K for more detail concerning our Secured Notes and other financing arrangements.
Moreover, dividends may be restricted by other arrangements entered into in the future by us.
5 unchanged sentences
Those withheld shares of common stock are not considered common stock repurchases under an authorized common stock repurchase plan.
−Removed: During fiscal year 2022, we withheld 39,044 shares at an average price per share of $0.75 as payment of withholding taxes in connection with the vesting and exercise of equity awards.
−Removed: For information about our equity compensation plans, see Part III, Item 11, below.
+Added: During the fourth quarter of 2023, there were no shares withheld for taxes.
+Added: During the year ended December 31, 2023, we withheld 59,732 shares at an average price per share of $2.94 as payment of withholding taxes in connection with the vesting of employee equity awards.
+Added: Information regarding our equity compensation plans will be set forth in our 2024 Proxy Statement and is incorporated herein 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.