CSP INC /MA/ 10-K

Item 5. Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities Market information . Our common stock is traded on the Nasdaq Global Market under the symbol CSPI. The following table provides the high and low sales prices of our common stock as reported on the Nasdaq Global Market for the periods indicated. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 2022 ​ 2021 Fiscal Year: High Low High Low 1st Quarter ​ $ 9.30 ​ $ 8.09 ​ $ 8.71 ​ $ 7.09 17 Table of Contents 2nd Quarter ​ $ 8.94 ​ $ 6.99 ​ $ 12.76 ​ $ 7.96 3rd Quarter ​ $ 9.68 ​ $ 6.81 ​ $ 11.60 ​ $ 8.47 4th Quarter ​ $ 8.95 ​ $ 7.12 ​ $ 10.85 ​ $ 8.70 ​ Stockholders . We had approximately 72 holders of record of our common stock as of December 6, 2022. This number does not include stockholders for whom shares were held in a “nominee” or “street” name. We believe the number of beneficial owners of our shares of common stock (including shares held in street name) at that date was approximately 1,347. Purchases of equity securities . On February 8, 2011, the Board of Directors authorized the Company to repurchase up to 250 thousand additional shares of the Company's outstanding common stock at market price. The plan does not expire. As of May 14, 2020, we suspended our stock repurchase program until further economic clarity. The Board of Directors approved the activation of the suspended stock repurchase program on December 29, 2021. ​ Common stock of CSP Inc. may be repurchased on the open market at the discretion of management. Open market repurchases will be made in compliance with the Securities and Exchanges Commission’s Rule 10b-18 in addition to complying with applicable legal and other considerations. Below are the purchases that have been made for the three months ended September 30, 2022. ​ ​ ​ ​ ​ ​ ​ ​ ​ Period Total number of shares purchased ​ Average price paid per share ​ Total number of shares purchased as part of publicly announced plans (1) ​ Maximum number that may yet be purchased under the repurchase plan August 1-31, 2022 1,300 ​ $ 8.10 ​ 1,300 ​ 173,327 September 1-30, 2022 1,600 ​ $ 8.02 ​ 1,600 ​ 171,727 ​ (1) On December 29, 2021, the Company announced the commencement of purchases under our stock repurchase program, which was originally authorized and announced February 8, 2011. This program originally allowed the Company to purchase up to 250,000 shares of its Common Stock. As of the December 29, 2021 announcement, 194,125 shares of Common Stock were available to be repurchased under the stock repurchase program. The program does not expire. The stock repurchase program may be suspended, terminated, or modified at any time for any reason. ​ Dividends . As of May 14, 2020, we suspended our stock repurchase program and the payment of quarterly cash dividends until further economic clarity. The dividend was reinstated on August 10, 2022. There were no dividends paid in fiscal year 2021. For the fiscal year ended September 30, 2022 the Company paid cash dividends as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Amount Paid Fiscal Year ​ Date Declared ​ Record Date ​ Date Paid ​ Per Share 2022 8/10/2022 ​ 8/22/2022 ​ 9/9/2022 ​ $ 0.03 ​ ​ ​ Item 6. [Reserved] ​ ​