Item 5. Market for Registrant’s Common Equity
Item 5. Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities
Information regarding the market in which CBI’s common shares are traded is incorporated herein by reference from the information appearing under the caption “Common Shares and Shareholder Matters” located on page 5 of the 2020 Annual Report.
As of February 25, 2021, there were approximately 1,563 shareholders of record (not including the number of persons or entities holding stock in nominee or street name through various brokerage firms) of the Company’s common shares.
Information regarding the restrictions applicable to the Company’s payment of dividends is included under Item 1 of this Annual Report on Form 10-K and is incorporated herein by reference.
During the fourth quarter of 2020, the Company purchased common shares as follows:
Period
Total Number of
Shares Purchased
Average Price Paid
per Share
Total Number of
Shares Purchased as
Part of Publically
Announced Plans or
Programs
Maximum Number (or
Approximate Dollar
Value) of Shares
(Units) that May Yet
Be Purchased Under the
Plans or Programs
October 1, 2020 -
October 31, 2020
13,600
$
12.79
121,100
$
12,019,735
November 1, 2020 -
November 30, 2020
24,847
$
15.06
145,947
$
11,645,666
December 1, 2020 -
December 31, 2020
9,000
$
16.69
154,947
$
11,495,456
Total
47,447
$
16.20
154,947
$
11,495,456
On May 4, 2020, the Company announced the adoption by the Board of Directors of a common share repurchase program which authorized the Company to repurchase a maximum aggregate value of $13,500,000 of its outstanding common shares. The expiration date of the common share repurchase program is April 20, 2021. A total of 154,947 common shares had been repurchased for an aggregate purchase price of $2,004,544 as of December 31, 2020 under the repurchase plan.
Item 6. Selected Financial Data
Information required by this item is incorporated herein by reference from the information appearing under the caption “Five-Year Selected Consolidated Financial Data” located on pages 1 and 2 of the 2020 Annual Report.
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Item 7. Management’s Discussion and Analysis o
f Financial Condition and Results of Operation
Information required by this item is incorporated herein by reference from the information appearing under the caption “Management’s Discussion and Analysis of Financial Condition and Results of Operations” located on pages 6 through 19 of the 2020 Annual Report.
Item 7A. Quantitative and Qualitative Disclosures About Market Risk
Information required by this item is incorporated herein by reference from the disclosures included under the caption “Quantitative and Qualitative Disclosures About Market Risk” on pages 19 through 21 of the 2020 Annual Report.