5 unchanged sentences
Dividend Policy
−Removed: Historically it has been the board of directors' policy to periodically review the payment of cash and stock dividends in light of the Company's earnings and liquidity.
−Removed: The Company paid four quarterly cash dividends of $0.015 per share in 2018.
−Removed: In March 2018, the Company entered into Amendment No.
−Removed: 17 which allows the Company to pay dividends or conduct stock repurchases in an amount up to $2.0 million.
−Removed: In fiscal 2020, the Company entered into Amendment No.
−Removed: 20 suspending the Company’s ability to pay cash dividends or repurchase stock through January 31, 2020
+Added: At present, we do not intend to pay cash dividends on the shares of our common stock.
+Added: Our future dividend policy will be determined from time to time by our board of directors, taking into account the Company’s earnings and liquidity, among other factors.
+Added: In addition, our Amended and Restated Credit Agreement with PNC Bank limits our ability to pay cash dividends
+Added: to $3,000,000 in the aggregate during any fiscal year, provided that no default or event or default shall have occurred or be continuing under the Credit Agreement or result from any such dividend.
+Added: In addition, under the Credit Agreement we must demonstrate pro forma compliance with a fixed charge coverage ratio of not less than 1.20:1.00 for the most recent twelve month period ending as of the fiscal quarter immediately preceding the date of such dividend.
Stock Repurchases
The Company did not repurchase any shares of its stock during 2022 and 2021.
−Removed: Selected Financial Data
−Removed: The Company is a smaller reporting company as defined by Rule 12b-2 of the Exchange Act as of our second quarter of fiscal 2021 and are not required to provide the information under this item.
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.