Item 2. Unregistered Sales of Equity Securities
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds.
(a) None.
(b) None.
(c) Issuer Purchases of Equity Securities.
Meta's Board of Directors authorized a 7,500,000 share repurchase program on November 20, 2019 that is scheduled to expire on December 31, 2022. The share repurchase program became effective on November 21, 2019. The Company suspended its share repurchase activity in March 2020 and resumed repurchase activity during September 2020. The table below sets forth information regarding repurchases of our common stock during the fiscal 2020 first quarter.
Period Total Number of Shares Repurchased (1)
Average Price Paid per Share (1)(2)
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 to 31 921,641 $ 23.29 850,000 3,299,631
November 1 to 30 410,960 34.12 403,500 2,896,131
December 1 to 31 610,974 34.68 610,974 2,285,157
Total 1,943,575 1,864,474
(1) All shares in these columns reflect shares acquired in satisfaction of the tax withholding obligations of holders of restricted stock unit awards, which vested during the quarter.
(2) The average price paid per share is calculated on a trade date basis for all open market transactions and excludes commissions and other transaction expenses.
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Item 6. Exhibits.
Exhibit
Number Description
10.1
Employment Agreement, effective as of October 1, 2020, among MetaBank, Meta Financial Group, Inc. and Bradley C. Hanson, filed on November 30, 2020 as Exhibit 10.9 to the Registrant's Annual Report on Form 10-K and incorporated herein by reference.
10.2
Employment Agreement, effective as of October 1, 2020, among MetaBank, Meta Financial Group, Inc. and Glen W. Herrick, filed on November 30, 2020 as Exhibit 10.10 to the Registrant's Annual Report on Form 10-K and incorporated herein by reference.
10.3
Independent Contractor Agreement, effective as of December 14, 2020, by MetaBank NA and Michael Goik, filed on December 17, 2020 as Exhibit 10.1 to the Registrant's Current Report on Form 8-K and incorporated herein by reference.
31.1
Section 302 certification of Chief Executive Officer.
31.2
Section 302 certification of Chief Financial Officer.
32.1
Section 906 certification of Chief Executive Officer.
32.2
Section 906 certification of Chief Financial Officer.
101 Interactive Data Files (formatted in iXBRL) pursuant to Rule 405 of Regulation S-T.
104 Cover Page Interactive Data File (formatted in iXBRL and contained in Exhibit 101).
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META FINANCIAL GROUP, INC.
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.
META FINANCIAL GROUP, INC.
Date: February 8, 2021
By: /s/ Bradley C. Hanson
Bradley C. Hanson,
President, Chief Executive Officer and Director
Date: February 8, 2021
By: /s/ Glen W. Herrick
Glen W. Herrick, Executive Vice President
and Chief Financial Officer
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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.