BALCHEM CORP 10-Q

Item 1A. Risk Factors There have been no material changes in the Risk Factors identified in the Company’s Annual Report on Form 10-K for the year ended December 31, 2020. 34 Table of Contents Item 2C. Issuer Purchase of Equity Securities The following table summarizes the share repurchase activity for the nine months ended September 30, 2021: Total Number of Shares Purchased (1) Average Price Paid Per Share (2) Total Number of Shares Purchased as Part of Publicly Announced Programs (1) Approximate Dollar Value of Shares that May Yet Be Purchased Under the Plans or Programs January 1-31, 2021 — $ — — $ 123,071,229 February 1-28, 2021 13,475 $ 118.41 13,475 $ 139,860,344 March 1-31, 2021 — $ — — $ 139,860,344 First Quarter 13,475 13,475 April 1-30, 2021 16,838 $ 119.89 16,838 $ 139,592,155 May 1-31, 2021 51,623 $ 129.34 51,623 $ 143,914,129 June 1-30, 2021 4,188 $ 129.99 4,188 $ 144,099,802 Second Quarter 72,649 72,649 July 1-31, 2021 45,129 $ 129.67 45,129 $ 137,892,532 August 1-31, 2021 15,099 $ 129.62 15,099 $ 135,874,343 September 1-30, 2021 847 $ 138.98 847 $ 145,574,840 Third Quarter 61,075 61,075 Total 147,199 147,199 (1) We have an approved stock repurchase program. The total authorization under this program is 3,763,038 shares. Since the inception of the program in June 1999, a total of 2,715,595 shares have been purchased, of which 85,272 shares remained in treasury at June 30, 2021. There is no expiration for this program. (2) Average price paid per share includes costs associated with the repurchases Item 6. Exhibits Exhibit Number Description Exhibit 31.1 Certification of Chief Executive Officer pursuant to Rule 13a-14(a). Exhibit 31.2 Certification of Chief Financial Officer pursuant to Rule 13a-14(a). Exhibit 32.1 Certification of Chief Executive Officer pursuant to Rule 13a-14(b) and Section 1350 of Chapter 63 of Title 18 of the United States Code. Exhibit 32.2 Certification of Chief Financial Officer pursuant to Rule 13a-14(b) and Section 1350 of Chapter 63 of Title 18 of the United States Code. 101.INS XBRL Instance Document - the instance document does not appear in the Interactive Data File because its XBRL tags are embedded within the Inline XBRL document. 101.SCH Inline XBRL Taxonomy Extension Schema Document 101.CAL Inline XBRL Taxonomy Extension Calculation Linkbase Document 101.DEF Inline XBRL Taxonomy Extension Definition Linkbase Document 101.LAB Inline XBRL Taxonomy Extension Label Linkbase Document 101.PRE Inline XBRL Taxonomy Extension Presentation Linkbase Document 104 Cover Page Interactive Data File (formatted as Inline XBRL and contained in Exhibit 101) 35 Table of Contents SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized. BALCHEM CORPORATION By: /s/ Theodore L. Harris Theodore L. Harris, Chairman, President and Chief Executive Officer By: /s/ Martin Bengtsson Martin Bengtsson, Chief Financial Officer and Treasurer Date: October 29, 2021 36