1 unchanged sentence
The NASDAQ Global Market is the principal market on which Virco Mfg.
−Removed: Corporation (VIRC) stock is traded.
+Added: Corporation stock (trading symbol VIRC) is traded.
As of April 21, 2023, there were approximately 150 registered stockholders according to the Company's transfer agent records.
1 unchanged sentence
Dividend Policy
−Removed: At present, we do not intend to pay cash dividends on the shares of our common stock.
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.
−Removed: In addition, our Amended and Restated Credit Agreement with PNC Bank limits our ability to pay cash dividends
−Removed: 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, our Amended and Restated Credit Agreement with PNC Bank limits our ability to pay cash dividends 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.
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
−Removed: The Company did not repurchase any shares of its stock during 2022 and 2021.
+Added: The Company did not repurchase any shares of its stock during fiscal 2023 and fiscal 2022.
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.