1 unchanged sentence
(c) Issuer purchases of equity securities.
−Removed: 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.
−Removed: The Board’s authorization does not obligate the Company to acquire any particular amount of Class A common stock.
−Removed: 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.
−Removed: The program can be modified, 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 September 30, 2021, the Company repurchased 188,525 shares of Class A common stock at a total cost of $6.3 million for an average price of $33.29 per share and $5.4 million was available for future repurchases under the current share repurchase program.
−Removed: As of September 30, 2021, a cumulative total of 3,946,187 shares of Class A common stock had been repurchased under programs authorized by the Company’s Board of Directors at a total cost of $69.6 million for an average price of $17.63 per share.
−Removed: The following table sets out information regarding purchases of equity securities by the Company for the three months ended September 30, 2021.
+Added: In December 2021, the Company’s Board of Directors authorized a sixth share repurchase program whereby the Company may repurchase up to an additional $15.0 million of the Company’s 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 December 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.
+Added: The program can be suspended or discontinued at any time.
+Added: The December 2021 share repurchase program took effect in January 2022, upon the completion of the May 2021 share repurchase program, and expires on December 31, 2022.
+Added: During the three months ended March 31, 2022, the Company repurchased 292,570 shares of common stock at a total cost of $9.4 million for an average price of $32.26 per share.
+Added: As of March 31, 2022, a total of $6.6 million was available for future repurchases under the current share repurchase program, and a cumulative total of 4,361,057 shares of common stock had been repurchased under programs authorized by the Company’s Board of Directors at a total cost of $83.4 million for an average price of $19.13 per share.
+Added: The following table sets out information regarding purchases of equity securities by the Company for the three months ended March 31, 2022.
Total Number of Shares
12 unchanged sentences
(in millions)
−Removed: July 1-31, 2021
−Removed: August 1-31, 2021
−Removed: September 1-30, 2021
+Added: Jan 1-31, 2022
+Added: Feb 1-28, 2022
+Added: March 1-31, 2022
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.