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
(a) MARKET INFORMATION
The Company’s common stock trades on the Nasdaq Global Market under the symbol CPHC.
(b) HOLDERS
At March 15, 2021, the Company had 615 shareholders of record of its common stock. Since many holders’ shares are listed under their brokerage firms’ names, the actual number of shareholders is estimated by the Company to be over 2,000.
(c) DIVIDENDS
On March 16, 2020, the Company announced that due to the effect of the COVID-19 coronavirus, the Company’s Board of Directors had suspended declaring and paying its quarterly cash dividend until the Company's business operations return to normal. Prior to 2020, the Company had a dividend policy to pay regular quarterly cash dividends to its shareholders based on the Company’s earnings, projected future earnings, and cash requirements. In 2019, the Company paid a $0.07 per share dividend in January, April, July, and October.
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(d) SECURITIES AUTHORIZED FOR ISSUANCE UNDER EQUITY COMPENSATION PLANS
The following table sets forth information as of December 31, 2020 regarding our equity compensation plans:
Securities Authorized for Issuance Under Equity Compensation Plans
(a)
(b)
(c)
Plan Category
Number of shares of common stock to be issued upon exercise of outstanding options, warrants and rights
Weighted-average exercise price of outstanding options, warrants and rights
Number of shares of common stock remaining available for future issuance under equity compensation plans (excluding shares in column (a))
Equity compensation plans approved by security holders:
1994 Stock Plan
9,000
$
13.30
263,810
1995 Employee Stock Purchase Plan
—
—
16,826
Equity compensation plans not approved by security holders:
Total
9,000
280,636
(e) REGULATION S-K, ITEM 201(e) INFORMATION
Not Applicable for Smaller Reporting Companies.
(f) RECENT SALE OF UNREGISTERED SECURITIES
Not Applicable.
(g) PURCHASES OF EQUITY SECURITIES BY THE ISSUER
In 2007, the Company’s Board of Directors adopted a plan that authorized the repurchase of up to 250,000 shares of the Company’s common stock pursuant to Exchange Act Rule 10b-18 in open market transactions or block purchases of privately negotiated transactions (the “Stock Repurchase Plan”). The Company repurchased 216,543 shares under the 2008 Stock Repurchase Plan and in 2012, authorized the repurchase of an additional 100,000 shares of the Company’s common stock. No shares were repurchased in 2020 or 2019 , and currently the Company is authorized to repurchase up to 128,781 shares under the Stock Repurchase Plan.
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Item 6. SELECTED FINANCIAL DATA
Reserved.