Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities
−Removed: Market Information and Related Stockholder Matters
+Added: Market Information and Dividend Policy
Our outstanding common stock trades on the Nasdaq Global Select Market under the symbol "WYNN."
On May 6, 2020, the Company announced that its Board of Directors had suspended its quarterly dividend program due to the financial impact of the COVID-19 pandemic.
−Removed: Any decision to declare and pay dividends in the future will be made at the discretion of our Board and will depend on, among other things, our results of operations, financial condition, cash requirements, contractual restrictions and other factors that our Board may deem relevant.
−Removed: On February 11, 2021, the Company completed a registered public offering of 7,475,000 newly issued shares of its common stock, par value $0.01 per share, at a price of $115.00 per share for proceeds of $841.9 million, net of $17.7 million in underwriting discounts and commissions.
−Removed: The Company used $716.0 million of the proceeds from the equity offering to repay the then outstanding borrowings under the WRF Revolver, and used the remaining net proceeds for general corporate purposes.
+Added: As a result, the Company has not paid any dividends since the first fiscal quarter of 2020.
+Added: Any decision to declare and pay dividends in the future will be made at the discretion of our Board of Directors and will depend on, among other things, our results of operations, financial condition, cash flows, working capital and capital expenditure requirements, contractual restrictions (including under the agreements governing our debt facilities) and other factors that our Board may deem relevant at that time.
There were approximately 166 holders of record of our common stock as of February 14, 2023.
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Issuer Purchases of Equity Securities
−Removed: The following table summarizes the shares repurchased in satisfaction of tax withholding obligations on vested restricted stock during the quarter ended December 31, 2021:
+Added: The following table summarizes the share repurchases made by the Company under its publicly announced equity repurchase program during the three months ended December 31, 2022:
+Added: For the Month Ended Number of Shares Repurchased Weighted Average Price Paid Per Share Shares Repurchased as Part of a Publicly Announced Program Approximate Dollar Value Remaining Under the Program (in thousands) (1)
+Added: October 31, 2022 82,900 $ 59.08 82,900 $ 628,841
+Added: November 30, 2022 — $ — — $ 628,841
+Added: December 31, 2022 — $ — — $ 628,841
+Added: (1) In April 2016, the Company's Board of Directors authorized an equity repurchase program of up to $1.00 billion of our common stock.
+Added: Repurchases may be made at the discretion of the Company from time to time on the open market or in privately negotiated transactions.
+Added: The Company is not obligated to make any repurchases, and the repurchase program may be discontinued at any time.
+Added: Any shares acquired are available for general corporate purposes.
+Added: Any shares repurchased during the periods presented are held as treasury shares.
+Added: As of December 31, 2022, we had $628.8 million in repurchase authority remaining under the equity repurchase program.
+Added: The following table summarizes the shares we repurchased in satisfaction of employee tax withholding obligations on vested restricted stock during the three months ended December 31, 2022, which were not part of the Company's publicly announced equity repurchase program:
For the Month Ended Number of Shares Repurchased Weighted Average Price Paid Per Share Approximate Dollar Value of Repurchased Shares
3 unchanged sentences
December 31, 2022 35,292 $ 84.49 $ 2,982
−Removed: None of the foregoing repurchases that occurred during the three months ended December 31, 2021 were part of the Company's publicly announced repurchase program.
−Removed: As of December 31, 2021, we had $800.1 million in repurchase authority under the program.
For more information on the Company's publicly announced repurchase program, see Item 8—"Financial Statements and Supplementary Data," Note 8, "Stockholders' Equity (Deficit)."
4 unchanged sentences
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.