Item 2. Unregistered Sales of Equity Securities
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds.
On September 9, 2025, we announced the approval of a stock repurchase authorization. Under this authorization, the Company may repurchase of up to $10.0 million of outstanding shares of our common stock. The shares of our common stock may be repurchased under authorization on the open market or in privately negotiated transactions subject to applicable securities laws and regulations. The current repurchase authorization does not expire and the approximately dollar value of shares that may yet be purchased under the plan as of September 30, 2025, was approximately $8,997,000.
The following table sets forth information concerning all repurchases of shares of our common stock, including shares reacquired to satisfy tax withholding obligations upon vesting of restricted stock awards, for the three months ended September 30, 2025:
Total Number of
Approximate Dollar
Shares Purchased
Value of Shares that
as Part of Publicly
May Yet be Purchased
Total Number of
Average Price
Announced Plans
Under the Plans
Period
Shares Purchased
Paid per Share
or Programs
or Programs
July 1 – July 31, 2025
-
$
-
-
$
-
August 1 – August 31, 2025
-
$
-
-
$
-
September 1 – September 30, 2025 (a)
43,117
$
24.54
40,848
$
8,997,000
Total
43,117
40,848
(a) Includes 2,269 shares forfeited to the Company to satisfy tax withholding obligations in connection with the vesting of restricted stock awards that were outstanding under the 2017 Omnibus Incentive Plan and 2023 Employee Incentive Plan. The average price paid per share reflects the closing price of our common stock on the date of vesting.
Item 3. Defaults Upon Senior Securities.
None.
Item 4. Mine Safety Disclosures.
None.
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.