1 unchanged sentence
Our common stock trades on the NYSE American exchange under the symbol “XPL” and on the TSX under the symbol “SLR.” Since 2008 trading volume of our common stock on the NYSE American exchange has exceeded the trading volume of our stock on the TSX by a substantial margin.
−Removed: Shares authorized for issuance under equity compensation plans
−Removed: On June 18, 2013 Solitario’s shareholders approved the 2013 Solitario Exploration & Royalty Corp.
−Removed: Omnibus Stock and Incentive Plan (the “2013 Plan”).
−Removed: On June 29, 2017, Solitario shareholders approved an amendment to the 2013 Plan, which increased the number of shares of common stock available for issuance under the 2013 Plan from 1,750,000 to 5,750,000.
−Removed: Under the terms of the 2013 Plan, the Board of Directors may grant awards to directors, officers, employees and consultants.
−Removed: Such awards may take the form of stock options, stock appreciation rights, restricted stock, and restricted stock units.
−Removed: The terms and conditions of the awards are pursuant to the 2013 Plan and options are granted by the Board of Directors or a committee appointed by the Board of Directors.
−Removed: On May 5, 2021, the Board of Directors granted 90,000 stock options under the 2013 Plan.
−Removed: These options have a five-year life, vested 25% on the date of grant and vest 25% on each of the next three anniversary dates of the date of grant, have an exercise price of $0.67 per share, and a grant date fair value of $37,000, based upon a Black-Scholes model with an expected volatility of 76%, and a risk-free interest rate of 0.9%.
−Removed: On June 10, 2021, the Board of Directors granted 50,000 stock options under the 2013 Plan.
−Removed: These options have a five-year life, vested 25% on the date of grant and vest 25% on each of the next three anniversary dates of the date of grant, have an exercise price of $0.69 per share, and a grant date fair value of $20,000, based upon a Black-Scholes model with an expected volatility of 76%, and a risk-free interest rate of 0.9%.
−Removed: On April 2, 2020, the Board of Directors granted 1,325,000 stock options under the 2013 Plan.
−Removed: These options have a five-year life, vested 25% on the date of grant and vest 25% on each of the next three anniversary dates of the date of grant, have an exercise price of $0.20 per share, and a grant date fair value of $145,000, based upon a Black-Scholes model with an expected volatility of 67%, and a risk-free interest rate of 0.4%.
−Removed: Equity Compensation Plan Information as of December 31, 2021:
−Removed: Plan category
−Removed: Number of securities to be issued upon exercise of outstanding options, warrants and rights
−Removed: Weighted-average exercise price of outstanding options, warrants and rights
−Removed: (2013 Plan – US$)
−Removed: Number of securities remaining available for future issuance under equity compensation plans (excluding securities reflected in column (a))
−Removed: Equity compensation plans approved by security holders
−Removed: Equity compensation plans not approved by security holders
−Removed: Total 2013 Plan
Holders of our common stock
−Removed: As of March 30, 2021, we have approximately 14,500 holders of our common stock.
+Added: As of March 15, 2023, we have approximately 246 holders of record of our common stock.
Dividend policy
We have not paid a dividend in our history and do not anticipate paying a dividend in the foreseeable future.
−Removed: Issuer purchases of equity securities
−Removed: On October 28, 2015, the Board of Directors authorized a share repurchase program pursuant to which Solitario may acquire up to 2 million of its common shares.
−Removed: All purchases were made in open-market transactions through a broker dealer.
−Removed: During 2020 the Board of Directors extended the termination date of the repurchase program to December 31, 2021;
−Removed: however, the repurchase program did not obligate us to acquire any particular amount of our shares.
−Removed: We did not purchase any shares under the share repurchase program during the year ended December 31, 2021.
−Removed: During the year ended December 31, 2020 we purchased a total of 24,700 shares of our common stock under the program for an aggregate purchase price of $5,000.
−Removed: As of December 31, 2021, we have purchased a total of 994,000 shares of our common stock for an aggregate purchase price of $467,000 under the share repurchase program since its inception.
−Removed: The share repurchase program expired on December 31, 2021.
−Removed: Selected Financial Data [Reserved]
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.