Item 2. Unregistered Sales of Equity Securities
Item 2 - Unregistered Sales of Equity Securities and Use of Proceeds
(a) Sales of Unregistered Securities.
None
(b) Use of Proceeds.
Not Applicable
(c) Issuer [Purchases of Securities].
None
On December 28, 2021, the Company's Board of Directors authorized a new share repurchase program (the "2022 Repurchase Program") to take effect starting January 1, 2022, after the expiration of the previous repurchase program on December 31, 2021. The Board of Directors authorized the repurchase of 1,600,000 shares of common stock, or approximately 5% of the Company's outstanding shares of common stock, under 2022 Repurchase Program, which will expire on December 31, 2022, subject to earlier termination of the program by the Board of Directors. No shares were repurchased during the three months ended March 31, 2022 under the 2022 Repurchase Plan.
Item 3 - Defaults Upon Senior Securities
None.
Item 4 - Mine Safety Disclosures
Not Applicable
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