Item 5. Market for Registrant’s Common Equity
Item
5. Market
For Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases
of Equity Securities.
Market
Information
Our
common stock is listed on the NYSE American under the symbol “ELMD”.
As
of August 23, 2022, there were 59 registered holders of our common stock.
Dividends
We
have never paid cash dividends on any of our shares of common stock. We currently intend to retain any earnings for use in operations
and do not anticipate paying cash dividends to our shareholders in the foreseeable future. The agreement governing our credit
facility restricts our ability to pay dividends.
13
Recent
Sales of Unregistered Equity Securities
None.
Purchases
of Equity Securities by the Company and Affiliated Purchasers
On May 26, 2021,
our Board of Directors approved a stock repurchase authorization. Under the authorization, we were originally able to repurchase up to $3.0 million of
outstanding shares of our common stock through May 26, 2022. On May 26, 2022, our Board of Directors removed the date limitation. The shares of our
common stock may be repurchased on the open market or in privately negotiated transactions subject to applicable securities laws and regulations. The
following table sets forth information concerning purchases of shares of our common stock for the three months ended June 30, 2022:
Period
Total
Number of Shares Purchased
Average
Price Paid
per Share
Total
Number of Shares Purchased as Part of Publicly Announced Plans or Programs
Approximate
Dollar Value of Shares that May Yet be Purchased Under the Plans or Programs
April
1 to April 30, 2022
1,253
$ 12.53
1,253
$ 898,000
May
1 to May 31, 2022
28,126
$ 12.33
28,126
$ 551,000
June
1 to June 30, 2022
10,799
$ 11.48
10,799
$ 427,000
Total
40,178
$ 12.10
40,178
Item
6. [Reserved].
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