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
The Company’s Common Stock is traded on the
Nasdaq Global Market, under the symbol “ CPSS. ”
As of January 1, 2024, there were 28 holders of record of the Company’s Common Stock.
To date, we have not declared
or paid any dividends on our Common Stock. The payment of future dividends, if any, on our Common Stock is within the discretion of the
Board of Directors and will depend upon our income, capital requirements and financial condition, and other relevant factors. The instruments
governing our outstanding debt place certain restrictions on the payment of dividends. We do not intend to declare any dividends on our
Common Stock in the foreseeable future, but instead intend to retain any cash flow for use in our operations.
Issuer Purchases of Equity Securities in the
Fourth Quarter
Period(1)
Total Number of Shares Purchased
Average Price Paid per Share
Total Number of Shares Purchased as
Part of Publicly Announced Plans or Programs(2)
Approximate Dollar Value of Shares that May Yet be Purchased Under the
Plans or Programs
October 2023
$ 39,221
$ 8.95
39,221
$ 1,554,030
November 2023
–
–
–
1,554,030
December 2023
5,860
9.16
5,860
1,500,334
Total
$ 45,081
$ 8.98
45,081
(1) Each monthly period is the calendar month.
(2) Through December 31, 2023, our board of directors had authorized the purchase of up to $123.2 million
of our outstanding securities, which program was first announced in our annual report for the year 2002, filed on March 26, 2003.
All purchases described in the table above were under the plan announced in March 2003, which has no fixed expiration date. As of December
31, 2023, we have purchased $157.7 million of our common stock representing 24,245,802 shares.
Item 6. [Reserved]
34
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.