2 unchanged sentences
On January 27, 2020, the Company's Board of Directors increased the remaining share repurchase authority under the Repurchase Program to $300.0 million.
+Added: On February 8, 2023, the Company's Board of Directors approved increasing the remaining share repurchase authority under the Repurchase Program to $500.0 million.
The Repurchase Program does not require the Company to acquire any particular amount of common stock and does not specify the timing of purchases or the prices to be paid;
however, the program will continue until the maximum amount of dollars authorized have been expended or until it is modified or terminated by the Board.
−Removed: The Company did not repurchase any shares during the three months ended September 30, 2022.
−Removed: A total of approximately $162.8 million of the existing repurchase authority remained under the Repurchase Program at September 30, 2022.
+Added: During the three months ended March 31, 2023, the Company repurchased 1,682,756 shares of common stock at a total cost of $37.0 million at a weighted average price of $21.99 per share.
+Added: The repurchased shares were canceled by the Company upon receipt.
+Added: Approximately $478.5 million of the existing authority remained under the Repurchase Program at March 31, 2023.
+Added: ISSUER PURCHASES OF EQUITY SECURITIES
+Added: Total Number of Shares Purchased Average Price Paid per Share Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs (1) Maximum Approximate Dollar Value that may yet be Purchased Under the Plans or Programs (1)
+Added: January 1 - January 31, 2023 561,762 $ 21.65 561,762 $ 125,969,789
+Added: February 1 - February 28, 2023 455,334 $ 22.77 455,334 $ 493,012,616
+Added: March 1 - March 31, 2023 665,660 $ 21.74 665,660 $ 478,528,445
+Added: Total/Average 1,682,756 $ 21.99 1,682,756
+Added: (1) See explanation of the Repurchase Program above.
Description Filed
−Removed: 10.1 Registration Rights Agreement, dated as of July 1, 2022, by and between Zurn and certain stockholders of Elkay party thereto (includes amendments to the Standstill and Lock-Up Agreements, dated as of February 12, 2022, between the Company and certain former stockholders of Elkay)*
−Removed: 10.2 Amendment No.
−Removed: 1 to Fourth Amended and Restated First Lien Credit Agreement, dated as of July 1, 2022, by and between ZBS Global, Inc., Zurn Holdings, Inc., Zurn LLC, Elkay and the other loan parties party thereto*
−Removed: 10.3 Zurn Elkay Water Solutions Corporation Performance Incentive Plan (as amended and restated)*
−Removed: 10.4 Schedule of Compensation and Stock Ownership Guidelines for Outside Members of the Board, effective July 2022
−Removed: 10.5 Form of Restricted Stock Unit Agreement (Deferred RSUs) for Directors Under the Performance Incentive Plan
−Removed: 10.6 Form of Restricted Stock Unit Election Agreement (RSUs in Lieu of Cash Fees) for Directors Under the Performance Incentive Plan
+Added: 10.1 Agreement and General Release, last signed on February 13, 2023, by Rodney Jackson and Zurn Elkay Water Solutions Corporation*
+Added: 10.2 Schedule of Compensation and Stock Ownership Guidelines for outside members of the board, effective as of February 2023
31.1 Certification of Chief Executive Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 and Rule 13a-14(a) under the Securities Exchange Act of 1934, as amended.
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104 Cover Page Inline XBRL data (contained in Exhibit 101) X
−Removed: *Incorporated by reference to the same exhibit number in the Company's Current Report on Form 8-K, dated July 1, 2022.
+Added: *Incorporated by reference to exhibit 10.17 in the Company's Annual Report on Form 10-K for the year ended December 31, 2022.
Pursuant to the requirements of the Securities Exchange Act of 1934, Zurn Elkay Water Solutions Corporation has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.
ZURN ELKAY WATER SOLUTIONS CORPORATION
−Removed: October 25, 2022 By:
+Added: April 25, 2023 By:
/ S / MARK W.
1 unchanged sentence
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.