1 unchanged sentence
(c) Issuer purchases of equity securities.
−Removed: 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, 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”).
−Removed: 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”).
−Removed: 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.
+Added: In November 2020, the Company’s Board of Directors authorized a share repurchase program whereby the Company may repurchase up to an additional $15.0 million of the Company’s Class A common stock in the open market or in privately negotiated transactions.
+Added: The amount and timing of purchases under the share repurchase program authorized in November 2020 will depend on a number of factors, including the price and availability of the Company’s shares, trading volume, capital availability, Company performance and general economic and market conditions.
+Added: The program can be suspended or discontinued at any time and expires when $15 million shares of Class A common stock have been repurchased or on December 31, 2022.
+Added: During the three months ended March 31, 2021, the Company repurchased 286,550 shares of Class A common stock at a total cost of $7.1 million for an average price of $24.85 per share and $5.0 million was available for future repurchases under the current share repurchase program.
+Added: As of March 31, 2021, a cumulative total of 3,469,532 shares of Class A common stock had been repurchased under programs authorized by the Company’s Board of Directors at a total cost of $55.0 million for an average price of $15.84 per share.
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 September 30, 2020.
+Added: The following table sets out information regarding purchases of equity securities by the Company for the three months ended March 31, 2021.
Total Number of Shares
12 unchanged sentences
(in millions)
−Removed: July 1-31, 2020
−Removed: August 1-31, 2020
−Removed: September 1-30, 2020
+Added: Jan 1-31, 2021
+Added: Feb 1-28, 2021
+Added: March 1-31, 2021
Defaults Upon Senior Securities
−Removed: Mi ne Safety Disclosures
+Added: Mine Safety Disclosures
Not applicable
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.