2 unchanged sentences
The share repurchase program authorized in 2019 for $15.0 million of the Company’s Class A common stock was completed in June 2020.
−Removed: On May 26, 2020, our Board of Directors approved a new common stock repurchase program authorizing the Company to repurchase up to an aggregate of $15.0 million of the Company’s Class A common stock through December 31, 2021.
−Removed: Under the new program, which commenced immediately upon completion of the 2019 program, the Company may purchase its shares in privately negotiated transactions, through block trades, pursuant to open market purchases, or pursuant to any trading plan adopted in compliance with Rule 10b5-1.
−Removed: The manner, timing, share number and price, of the repurchases will be determined by the Company, subject to market conditions, applicable securities laws, alternative investment opportunities and other factors.
+Added: On May 26, 2020, the Company’s Board of Directors approved a common stock repurchase program authorizing the Company to repurchase up to an aggregate of $15.0 million of the Company’s Class A common stock through December 31, 2021 (“2020 Share Repurchase Program”).
+Added: On November 4, 2020, the Company announced that its Board of Directors approved a new common stock repurchase program authorizing the repurchase of up to $15 million of its Class A Common Stock through December 31, 2022 (“Additional 2020 Share Repurchase Program”).
+Added: Under the Additional 2020 Share Repurchase Program, which commenced immediately upon completion of the 2020 Share Repurchase Program, the Company may purchase its shares in privately negotiated transactions, through block trades, pursuant to open market purchases, or pursuant to any trading plan adopted in compliance with Rule 10b5-1.
The Board’s authorization does not obligate the Company to acquire any particular amount of Class A common stock, and may be modified, suspended or terminated at any time.
−Removed: The following table sets out information regarding purchases of equity securities by the Company for the three months ended June 30, 2020.
+Added: The following table sets out information regarding purchases of equity securities by the Company for the three months ended September 30, 2020.
Total Number of Shares
12 unchanged sentences
(in millions)
−Removed: April 1-30, 2020
−Removed: May 1-31, 2020
−Removed: June 1-30, 2020
+Added: July 1-31, 2020
+Added: August 1-31, 2020
+Added: September 1-30, 2020
Defaults Upon Senior Securities
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.