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 May 4, 2024:
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 2024
-
$
-
-
March 2024
134,209
5.41
134,209
April 2024
297,206
5.05
297,206
Total
431,415
$
5.16
431,415
478,238
(1)
Prices include trading costs.
(2)
As of February
3, 2024, the
Company’s share
repurchase program had
909,653 shares remaining
in
open authorizations.
During
the
first
quarter
ended
May
4,
2024,
the
Company repurchased
and retired 431,415 shares under this program for approximately $2,227,608
or an average market
price of $5.16 per share.
As of May 4, 2024, the Company had 478,238 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
29
ITEM 4.
MINE SAFETY DISCLOSURES:
No matters requiring disclosure.
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.