Item 2. Unregistered Sales of Equity Securities
ITEM 2.
UNREGISTERED SALES OF EQUITY SECURITIES
AND USE OF PROCEEDS:
The following table summarizes the Company’s purchases of its common stock for the three months
ended April 29, 2023:
ISSUER PURCHASES OF EQUITY SECURITIES
Total Number of
Maximum Number
Shares Purchased as
(or Approximate Dollar
Total Number
Average
Part of Publicly
Value)
of Shares that may
of Shares
Price Paid
Announced Plans or
Yet be Purchased
Under
Period
Purchased
per Share (1)
Programs (2)
The Plans or Programs (2)
February 2023
57,930
$
9.39
57,930
March 2023
195,460
8.81
195,460
April 2023
-
-
-
Total
253,390
$
8.95
253,390
944,379
(1)
Prices include trading costs.
(2)
As of January
28, 2023, the
Company’s share
repurchase program had
197,769 shares remaining
in
open
authorizations.
The
Board
of
Directors
authorized
an
additional
1,000,000
shares
for
repurchase under
the
program at
its
February 23,
2023 meeting.
During the
first
quarter ended
April
29,
2023,
the
Company
repurchased
and
retired
253,390
shares
under
this
program
for
approximately $2,266,727
or an
average market
price of
$8.95 per
share.
As of
April 29,
2023,
the
Company
had
944,379
shares
remaining
in
open
authorizations.
There
is
no
specified
expiration date for the Company’s repurchase program.
ITEM 3.
DEFAULTS
UPON SENIOR SECURITIES:
Not Applicable
THE CATO CORPORATION
PART
II OTHER
INFORMATION
28
ITEM 4.
MINE SAFETY DISCLOSURES:
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.