4 unchanged sentences
Shares of either common stock or Class B convertible common stock cannot be split, divided, or combined unless the other is also split, divided, or combined equally.
−Removed: Holders of record of our common stock totaled approximately 676 at March 1, 2023.
+Added: Holders of record of our common stock totaled approximately 676 at February 29, 2024.
We have two classes of common stock:
1 unchanged sentence
The holders of common stock are entitled to one vote for each share held, while the holders of Class B convertible common stock are entitled to 10 votes for each share held.
−Removed: At March 1, 2023 we had outstanding 1,022,887 shares of Class B convertible common stock, par value $0.10 per share.
+Added: At February 29, 2024, we had outstanding 1,022,887 shares of Class B convertible common stock, par value $0.10 per share.
Currently, the holders of VPG’s Class B convertible common stock hold approximately 45.3% of the voting power of our Company.
9 unchanged sentences
Total 153,207 153,207 326,374
−Removed: (a) On August 8, 2022, the Board of Directors of the Company authorized the repurchase of up to 600,000 shares of the Company’s outstanding common stock (the “Stock Repurchase Plan”).
−Removed: The Stock Repurchase Plan will expire on August 11, 2023, and the Board of Directors authorized purchases thereunder to be made through an issuer repurchase plan adopted under Rule 10b5-1 of the Exchange Act, open market purchases or private transactions, in accordance with the applicable federal securities laws, including Rule 10b-18 under the Exchange Act.
−Removed: As of December 31, 2022, the Company had repurchased 85,213 shares under the Stock Repurchase Plan.
+Added: (a) On August 8, 2022, the Board of Directors (the “Board”) of the Company authorized the repurchase of up to 600,000 shares of the Company’s outstanding common stock (the “Stock Repurchase Plan”).
+Added: The Stock Repurchase Plan was originally set to expire on August 11, 2023, and the Board authorized purchases thereunder to be made through an issuer repurchase plan adopted under Rule 10b5-1 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), open market purchases or private transactions, in accordance with the applicable federal securities laws, including Rule 10b-18 under the Exchange Act.
+Added: On August 8, 2023, the Company announced that its Board of Directors extended the term of the previously approved stock repurchase plan to August 9, 2024.
+Added: From August 8, 2022 to December 31, 2023, the Company had repurchased an aggregate of 273,626 shares under the Stock Repurchase Plan.
Stock Performance Graph
−Removed: The graph and table below compare the cumulative total stockholder return on the Company’s common stock over a sixty month period, with the returns on the Russell 2000 Stock Index, and a peer group of companies selected by our management.
+Added: The graph and table below compare the cumulative total stockholder return on the Company’s common stock over a five year period, with the returns on the Russell 2000 Stock Index, and a peer group of companies selected by our management.
The peer group is made up of eight publicly held manufacturers of sensors, sensor-based equipment, and sensor-based systems.
9 unchanged sentences
*The management selected peer group includes:
−Removed: CTS Corp., Luna Innovations Inc., inTEST Corporation, Kyowa, Spectris plc, TT Electronics, FARO Technologies Inc., ESCO Technologies Inc.
+Added: CTS Corp., Luna Innovations Inc., inTEST Corporation, Kyowa, Spectris plc, TT Electronics plc, FARO Technologies Inc., ESCO Technologies Inc.
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.