Item 1A. Risk Factors
Item 1A. Risk Factors
There have been no material changes with regard to the risk factors previously disclosed in the 2021 Form 10-K.
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Item 2. Unregistered Sale of Equity Securities and Use of Proceeds
The following table contains information about our purchases of common stock during the three months ended June 30, 2022.
Period
Total
Number
of Shares
Purchased (a)
Average
Price
Paid per
Share
Total
Number
of Shares
Purchased as
Part of
Publicly
Announced
Plans or
Programs (b)
Maximum
Number of
Shares That
May Yet Be
Purchased
Under the
Plans or
Programs (b)
April 1, 2022 -
April 30, 2022
—
$
—
—
—
May 1, 2022 -
May 31, 2022
—
—
—
—
June 1, 2022 -
June 30, 2022
4,850
5.00
—
—
Total
4,850
$
5.00
—
—
(a)
4,850 shares were withheld to satisfy the payment of tax obligations related to the vesting of restricted stock awards.
(b)
We had no publicly announced repurchase programs for shares of our common stock during the three months ended June 30, 2022.
The ABL Facility and the indentures governing each series of our outstanding notes restrict our subsidiaries from, among other matters, paying dividends and making distributions to us, which thereby limits our ability to pay dividends and/or repurchase stock. As of June 30, 2022, under the most restrictive test in these agreements (and subject to certain exceptions), we have approximately $300 million of capacity to pay permitted dividends and/or repurchase shares of stock or make other restricted payments.
Item 3. Defaults Upon Senior Securities
None.
Item 4. Mine Safety Disclosures
Not applicable.
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.