Item 2. Unregistered Sales of Equity Securities
Item 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS
(a) Not applicable.
(b) Not applicable.
(c) Issuer Purchases of Equity Securities.
On November 30, 2020, the Board of Directors approved a stock repurchase program. Under this program the Company may repurchase up to approximately 5% of the outstanding shares of its common stock as of November 30, 2020, or 557,728 shares, from time to time. The table below shows information about our repurchases of our common stock during the three months ended June 30, 2021.
Period Total Number of Shares Purchased Average Price Paid per Share Total Number of Shares purchased as Part of Publicly Announced Plans or Programs Maximum Number of Shares that May Yet Be Purchased Under the Plans or Programs
April 1, 2021 - April 30, 2021 5,909 $ 12.48 5,909 229,573
May 1, 2021 - May 31, 2021 174,932 $ 13.20 174,932 54,641
June 1, 2021 - June 30, 2021 17,807 $ 13.62 17,807 36,834
Total 198,648 $ 13.21 198,648
Subsequently, July 23, 2021, the Board of Directors approved a new stock repurchase program to authorize repurchases of additional shares of common stock. Under this program the Company may repurchase up to an additional 532 thousand shares of its common stock, or approximately 5% of the current outstanding shares, after the existing repurchase program is completed.
Item 3. DEFAULTS UPON SENIOR SECURITIES
Not applicable.
Item 4. MINE SAFETY DISCLOSURES
Not applicable.
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