Item 5. Market for Registrant’s Common Equity
Item
5. Market
for the Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases
of Equity Securities
Market
for Common Equity
Our
common stock trades on the Nasdaq Global Market under the symbol “CRMD.”
Based upon information
furnished by our transfer agent, at March 25, 2021, we had approximately 272 holders of record of our common stock.
A
comparison of the performance of our common stock is found in Item 12 of the report under the heading “Stock Performance
Graph.”
Dividend
Policy
We
have never declared dividends on our equity securities, and currently do not plan to declare dividends on shares of our common
stock in the foreseeable future. We expect to retain our future earnings, if any, for use in the operation and expansion of our
business. Further, pursuant to the terms of our Series C-3, E and G Non-Voting Convertible Preferred Stock, we may not declare
or pay any dividends or make any distributions on any of our shares or other equity securities as long as any of those preferred
shares remain outstanding. Subject to the foregoing, the payment of cash dividends in the future, if any, will be at the discretion
of our Board of Directors and will depend upon such factors as earnings levels, capital requirements, our overall financial condition
and any other factors deemed relevant by our Board of Directors.
Equity
Compensation Plan Information
The
following table provides information as of December 31, 2020 about our common stock that may be issued upon the exercise of options,
warrants and rights under all of our existing equity compensation plans (including individual arrangements):
Plan Category
Number of securities to be issued upon exercise of outstanding options, warrants and rights
(a)
Weighted-average exercise price of outstanding options, warrants and rights
(b)
Number of
securities remaining available for future issuance under equity compensation plans (excluding securities reflected in column (a)
(c)
Equity compensation plans approved by security holders (1)
2,447,687 (2)
$ 7.22 (3)
2,490,903
(1) Our
Amended and Restated 2006 Stock Incentive Plan was approved by our stockholders on February
19, 2010. Our 2013 Stock Incentive Plan was approved by our stockholders on July 30,
2013. Our 2019 Omnibus Stock Incentive Plan was approved by our stockholders on November
26, 2019.
(2) Consist
of underlying stock options.
(3) Applicable
to shares underlying outstanding stock options only.
Item
6. Selected
Financial Data
Not
applicable.
46
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.