ADVANCED ENERGY INDUSTRIES INC 10-K

ITEM 5. MARKET FOR REGISTRANT’S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES Principal Market Our common stock is listed on the NASDAQ Global Select Market under the symbol "AEIS." On January 31, 2022, the number of common stockholders of record was approximately 300. This does not include stockholders whose shares are held in "street name" through brokers or other nominees. Dividend Policy In December 2020, the Board of Directors ("the Board") approved a dividend program, pursuant to which we intend to pay a regular quarterly cash dividend of $0.10 per share of capital stock. In March 2021, we paid the first quarterly cash dividend since our inception as a public company. During the year ended December 31, 2021, we paid cash dividends totaling $15.4 million. Future dividend payments are subject to the Board's approval. Purchases of Equity Securities by the Issuer The following table summarizes actions by our Board of Directors in relation to the stock repurchase program: ​ ​ ​ ​ Date Action September 2015 ​ Authorized a program to repurchase up to $150.0 million of our common stock ​ ​ ​ May 2018 ​ Approved a $50.0 million increase in the repurchase program ​ ​ ​ December 2019 ​ Authorized the removal of the expiration date and increased the balance available for the repurchase program by $25.1 million ​ ​ ​ July 2021 ​ Approved an increase to the repurchase program, which authorized the Company to repurchase up to $200.0 million with no time limitation ​ 28 Table of Contents To execute the repurchase of shares of our common stock, we periodically enter into stock repurchase agreements. The following table summarizes these repurchases during the year ended December 31, 2021: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Month Total Number of Shares Purchased Average Price Paid Per Share Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs Maximum Dollar Value of Shares that May Yet be Purchased Under the Plans or Programs ​ ​ (in thousands, except price per share data) January ​ ​ — ​ $ — ​ ​ — ​ $ 38,369 February ​ ​ — ​ $ — ​ ​ — ​ $ 38,369 March ​ ​ — ​ $ — ​ ​ — ​ $ 38,369 First quarter ​ ​ ​ ​ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ April ​ ​ — ​ $ — ​ ​ — ​ $ 38,369 May ​ ​ 72 ​ $ 90.34 ​ ​ 72 ​ $ 31,866 June ​ ​ — ​ $ — ​ ​ — ​ $ 31,866 Second quarter ​ ​ 72 ​ $ 90.34 ​ ​ 72 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ July ​ ​ 8 ​ $ 94.34 ​ ​ 8 ​ $ 199,218 August ​ ​ 338 ​ $ 86.45 ​ ​ 338 ​ $ 170,002 September ​ ​ 259 ​ $ 87.32 ​ ​ 259 ​ $ 147,444 Third quarter ​ ​ 605 ​ $ 85.12 ​ ​ 605 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ October ​ ​ 121 ​ $ 85.76 ​ ​ 121 ​ $ 137,076 November ​ ​ — ​ $ — ​ ​ — ​ $ 137,076 December ​ ​ 103 ​ $ 84.38 ​ ​ 103 ​ $ 128,377 Fourth quarter ​ ​ 224 ​ $ 85.12 ​ ​ 224 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total ​ ​ 901 ​ $ 86.76 ​ ​ 901 ​ $ 128,377 ​ 29 Table of Contents Performance Graph The performance graph below shows the five-year cumulative total stockholder return on our common stock in comparison to certain other indices during the period from December 31, 2016 through December 31, 2021. The comparison assumes $100 invested on December 31, 2016 in Advanced Energy common stock and in each of the indices and assumes reinvestment of dividends, if any. Dollar amounts in the graph are rounded to the nearest whole dollar. The performance shown in the graph represents past performance and should not be considered an indication of future performance. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, ​ 2016 2017 2018 2019 2020 2021 Advanced Energy Industries, Inc. $ 100.00 ​ $ 123.25 ​ $ 78.41 ​ $ 130.05 ​ $ 177.11 ​ $ 167.03 NASDAQ Composite 100.00 ​ 129.64 ​ 125.96 ​ 172.17 ​ 249.51 ​ 304.85 Dow Jones US Electrical Components & Equipment ​ 100.00 ​ ​ 127.46 ​ ​ 111.82 ​ ​ 138.30 ​ ​ 166.99 ​ ​ 209.33 S&P 1000 ​ 100.00 ​ ​ 115.33 ​ ​ 103.45 ​ ​ 129.46 ​ ​ 146.26 ​ ​ 183.34 ​ Information relating to compensation plans under which our equity securities are authorized for issuance is set forth in Part III, Item 12 "Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters" of this Annual Report on Form 10-K. ​ ITEM 6. RESERVED Not applicable. ​ 30 Table of Contents