1 unchanged sentence
(c) Issuer purchases of equity securities.
−Removed: 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.
−Removed: 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: In May 2021, 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 May 2021 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.
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.
−Removed: 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.
−Removed: 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.
+Added: During the three months ended June 30, 2021, the Company repurchased 288,130 shares of Class A common stock at a total cost of $8.3 million for an average price of $28.89 per share and $11.7 million was available for future repurchases under the current share repurchase program.
+Added: As of June 30, 2021, a cumulative total of 3,757,662 shares of Class A common stock had been repurchased under programs authorized by the Company’s Board of Directors at a total cost of $63.3 million for an average price of $16.84 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 March 31, 2021.
+Added: The following table sets out information regarding purchases of equity securities by the Company for the three months ended June 30, 2021.
Total Number of Shares
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(in millions)
−Removed: Jan 1-31, 2021
−Removed: Feb 1-28, 2021
−Removed: March 1-31, 2021
+Added: April 1-30, 2021
+Added: May 1-31, 2021
+Added: June 1-30, 2021
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.