1 unchanged sentence
(c) Issuer purchases of equity securities.
−Removed: 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.
−Removed: 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.
−Removed: The program can be suspended or discontinued at any time.
−Removed: 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.
−Removed: 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.
−Removed: 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.
−Removed: The following table sets out information regarding purchases of equity securities by the Company for the three months ended March 31, 2022.
+Added: On May 5, 2022, the Company’s Board of Directors approved a new share repurchase program (the “2022 Share Repurchase Program”) authorizing the repurchase of up to $100.0 million of the Company’s Common Stock.
+Added: Under the 2022 Share Repurchase Program, which took effect in May 2022, the Company may purchase its shares from time to time until December 31, 2023 in privately negotiated transactions, through block trades, pursuant to open market purchases, or pursuant to any trading plan that may be adopted in accordance with Rule 10b5-1 of the SEC.
+Added: The amount and timing of purchases under the 2022 Share Repurchase Program 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 2022 Share Repurchase Program can be suspended or discontinued at any time.
+Added: During the three months ended June 30, 2022, the Company repurchased 640,125 shares of Common Stock at a total cost of $16.9 million for an average price of $26.41 per share.
+Added: During the six months ended June 30, 2022, 932,695 shares were repurchased at a total cost of $26.3 million for an average price of $28.25.
+Added: As of June 30, 2022, a total of $89.7 million was available for future repurchases under the 2022 Share Repurchase Program, and a cumulative total of 5,001,182 shares of Common Stock had been repurchased under programs authorized by the Company’s Board of Directors at a total cost of $100.3 million for an average price of $20.06 per share.
+Added: The following table sets out information regarding purchases of equity securities by the Company for the three months ended June 30, 2022.
Total Number of Shares
12 unchanged sentences
(in millions)
−Removed: Jan 1-31, 2022
−Removed: Feb 1-28, 2022
−Removed: March 1-31, 2022
+Added: April 1-30, 2022
+Added: May 1-31, 2022
+Added: June 1-30, 2022
Defaults Upon Senior Securities
1 unchanged sentence
Not applicable
+Added: Oth er Information
+Added: EXHIBIT INDEX
+Added: Certification of the Principal Executive Officer pursuant to Section 302 of the Sarbanes‑Oxley Act of 2002
+Added: Certification of the Principal Financial Officer pursuant to Section 302 of the Sarbanes‑Oxley Act of 2002
+Added: Certification of Principal Executive Officer pursuant to 18 U.S.C.
+Added: Section 1350, as adopted pursuant to Section 906 of the Sarbanes‑Oxley Act of 2002
+Added: Certification of Principal Financial Officer pursuant to 18 U.S.C.
+Added: Section 1350, as adopted pursuant to Section 906 of the Sarbanes‑Oxley Act of 2002
+Added: The following information formatted in iXBRL (Inline eXtensible Business Reporting Language):
+Added: (i) Unaudited Condensed Consolidated Balance Sheets as of June 30, 2022 and December 31, 2021, (ii) Unaudited Condensed Consolidated Statements of Operations for the three and six months ended June 30, 2022 and 2021, (iii) Unaudited Condensed Consolidated Statements of Comprehensive Income for the three and six months ended June 30, 2022 and 2021, (iv) Unaudited Condensed Consolidated Statements of Cash Flows for the six months ended June 30, 2022 and 2021, (v) Unaudited Condensed Consolidated Statements of Changes in Stockholders’ Equity for the three months ended March 31, 2022 and 2021 and the three months ended June 30, 2022 and 2021 and, (vi) Notes to Unaudited Condensed Consolidated Financial Statements for the six months ended June 30, 2022 and 2021.
+Added: Cover Page Interactive Data File (embedded within the Inline XBRL document)
+Added: Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized on this 8th day of August, 2022.
+Added: VICTORY CAPITAL HOLDINGS, INC.
+Added: /s/ MICHAEL D.
+Added: President, Chief Financial Officer and Chief Administrative Officer
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.