Item 2. Unregistered Sales of Equity Securities
ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS.
On March 1, 2022, the Company’s board of directors authorized a stock repurchase program under which the Company may repurchase up to $5,000,000 of its common shares. The repurchase program does not have a specific expiration date, however, the board of directors may terminate it at any time, subject to all applicable securities laws and regulations, including Rule 10b-5 and Rule 10b-18. During the three-month period ended June 30, 2022, the Company repurchased 163,201 shares as shown in the table below ($ in 000’s, except share or per share amounts):
Shares Repurchased
Period
Total Number of
Shares
Repurchased
Average Price
Paid Per
Share
Total Number of
Shares
Purchased as
Part of Publicly Announced
Program
Maximum
Dollar Value
of Shares that
May Yet Be
Purchased
Under the
Program
April 1-30, 2022
8,226
27.76
8,226
$ 4,590
May 1-31, 2022
80,748
22.92
80,748
$ 2,739
June 1-30, 2022
74,227
23.98
74,227
$ 959
Total
163,201
$ 23.65
163,201
$ 959
ITEM 3. DEFAULTS UPON SENIOR SECURITIES.
None .
ITEM 4. MINE SAFETY DISCLOSURE.
Not applicable .
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.