Item 5. Market for Registrant’s Common Equity
Item 5.
Market for Registrant’s Common Equity, Related Shareholder Matters and Issuer Purchases of Equity Securities
The Company’s common stock is listed on the Nasdaq Global Market (Symbol: AAME). As of September 1, 2026, there were 1,156 shareholders of record.
The declaration and payment of dividends is at the discretion of the Company’s board of directors and will depend upon the financial condition, capital
requirements, and earnings of the Company, as well as any restrictions contained in any agreements by which the Company is bound and other factors as the board of directors may deem relevant. The Company’s primary recurring source of cash for the
payment of dividends is div idends from its subsidiaries; although as of December 31, 2025, the Parent held unrestricted cash and investment balances of approximately $4.1 million. Under the insurance code of the state in which each insurance
subsidiary is domiciled, dividend payments to the Parent by its insurance subsidiaries are subject to certain limitations, including prior notice to, or approval by, the state insurance commissioners if such dividends are in excess of specified
amounts. In 2026, dividend payments to the Parent by the insurance subsidiaries in excess of $8.1 million would require prior approval.
Issuer Purchases of Equity Securities
On October 31, 2016, the board of directors of the Company approved a plan that allows for the repurchase of up to 750,000 shares of the Company’s common stock (the “Repurchase Plan”) on the open
market or in privately negotiated transactions, as determined by an authorized officer of the Company. Any such repurchases can be made from time to time in accordance with applicable securities laws and other requirements.
No purchases of common stock of the Company were made by or on behalf of the Company during the periods described below.
The table below sets forth information regarding repurchases by the Company of shares of its common stock on a monthly basis during the three month period ended December 31, 2025.
Period
Total
Number
of Shares
Purchased
Average
Price Paid
per Share
Total
Number of Shares
Purchased as Part of
Publicly Announced
Plans or Programs
Maximum
Number of Shares
that May Yet be
Purchased Under the
Plans or Programs
October 1 – October 31, 2025
-
$
-
-
325,129
November 1 – November 30, 2025
-
-
-
325,129
December 1 – December 31, 2025
-
-
-
325,129
Total
-
$
-
-
Stock Performance Graph
As a smaller reporting company, we have elected to comply with certain scaled disclosure reporting obligations, and therefore are not providing the information required by this Item.
Item 6.
Reserved
Text extracted from the filing as submitted to EDGAR. Formatting, tables and exhibits are simplified for reading; the original document is authoritative for anything you rely on.