ITEM 5 MARKET FOR REGISTRANT’S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES
−Removed: The Company’s common stock is quoted on the NASDAQ Global Market under the symbol “EML”.
−Removed: The approximate number of record holders of the Company common stock on December 31, 2022 was 295.
−Removed: The Company expects to continue its policy of paying regular cash dividends, although there can be no assurance as to future dividends because they are dependent on future earnings, capital requirements and financial condition.
+Added: The Company’s common stock is quoted on the NASDAQ Global Market under the symbol “EML.” The approximate number of record holders of the Company common stock on December 30, 2023 was 276.
+Added: The Company expects to continue its policy of paying regular cash dividends, although there can be no assurance as to future dividends because they are dependent on future earnings, capital requirements and financial conditions.
During fiscal years 2023 and 2022, there were no sales by the Company of its securities that were not registered under the Securities Act of 1933, as amended (the “Securities Act”).
−Removed: On May 2, 2018, the Company announced that its Board of Directors had authorized a new program to repurchase up to 200,000 shares of the Company’s common stock.
+Added: On August 21, 2023, the Company announced that its Board had approved a new share repurchase program authorizing the Company to repurchase up to 200,000 shares of the Company’s common stock through August 20, 2028.
The Company’s share repurchase program does not obligate it to acquire the Company’s common stock at any specific cost per share.
Under this program, shares may be repurchased in privately negotiated and/or open market transactions, including under plans complying with Rule 10b5-1 under the Exchange Act.
−Removed: The Company made no share repurchases during the fourth quarter of 2022, as set forth in the table below:
+Added: The Company made the following share repurchases during the fourth quarter of 2023, as set forth in the table below:
Issuer Repurchases of Equity Securities
−Removed: Total number of shares
+Added: Total number of shares purchased
Average price paid per share
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