11 unchanged sentences
The number of stockholders of record is not representative of the number of beneficial holders because many of VSE's shares are held by depositories, brokers or nominees.
−Removed: Pursuant to our bank loan agreement, as discussed in Note (7) "Debt" to our Consolidated Financial Statements included in Item 8 of this annual report on Form 10-K, the payment of cash dividends is subject to annual restrictions.
+Added: Pursuant to our credit agreement, as discussed in Note (7) "Debt" to our Consolidated Financial Statements included in Item 8 of this annual report on Form 10-K, the payment of cash dividends is subject to annual restrictions.
We have paid cash dividends each year since 1973.
Certain Sales and Repurchases of VSE Common Stock
−Removed: During the fiscal year covered by this Form 10-K, VSE did not sell any of its equity securities that were not registered under the Securities Act.
+Added: During the fiscal year covered by this Form 10-K, we did not sell any of its equity securities that were not registered under the Securities Act.
During the fourth quarter of the fiscal year covered by this Form 10-K, no purchases of equity securities of VSE were made by or on behalf of VSE or any "affiliated purchaser" (as defined in Rule 10b-18 (a)(3) under the Exchange Act) other than 25,854 shares of our common stock that were voluntarily forfeited to VSE by participants in its 2006 Restricted Stock Plan (the "2006 Plan") to cover their personal tax liability for vesting stock awards under the 2006 Plan.
1 unchanged sentence
We have two compensation plans approved by our stockholders under which our equity securities are authorized for issuance to employees and directors:
−Removed: the 2006 Plan and the VSE Corporation 2021 Employee Stock Purchase Plan ("ESPP").
+Added: the 2006 Restricted Stock Plan, as amended (the "2006 Plan"), and the VSE Corporation 2021 Employee Stock Purchase Plan ("ESPP").
The following table sets forth the amounts of securities authorized for issuance under the 2006 Plan and the ESPP as of December 31, 2023.
5 unchanged sentences
Performance Graph
−Removed: The following graph compares the cumulative total return on our common stock with (i) a performance index for the broad market, the NASDAQ Global Select Market, on which our common stock is traded, (ii) a published industry index, the S&P 500 Aerospace & Defense Index, and (iii) our previous peer group comprised of the following:
−Removed: Heico Corporation, Dorman Products, Inc., V2X Inc., and CACI International Inc.
−Removed: Due to recent consolidations within our peer group, we replaced our peer group with the S&P 500 Aerospace & Defense index.
+Added: The following graph compares the cumulative total return on our common stock with (i) a performance index for the broad market, the NASDAQ Global Select Market, on which our common stock is traded, and (ii) a published industry index, the S&P 500 Aerospace & Defense Index.
The graph assumes an initial investment of $100 on 12/31/18 and that all dividends have been reinvested.
7 unchanged sentences
S&P Aerospace & Defense 100.00 130.33 109.39 123.86 145.37 155.21
−Removed: Previous Peer Group 100 125.18 179.30 199.71 220.89 228.02
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.