Item 2. Unregistered Sales of Equity Securities
Item 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS.
c) Issuer Purchases of Equity Securities
Period
(a) Total
Number of
Shares (or
Units)
Purchased
(b) Average
Price Paid
per Share
(or Unit)
(c) Total Number
of Shares (or Units)
Purchased as Part
of Publicly
Announced Plans
or Programs
(d) Maximum Number
(or Approximate Dollar
Value) of Shares (or
Units) that May Yet Be
Purchased Under the
Plans or Programs
Share purchases prior to 12/31/2024 under the current repurchase program.
2,297,715
$
13.50
2,297,715
$
1,958,823
First quarter purchases:
1/1/2025-1/31/2025
55,962
$
14.85
2,353,677
$
1,127,909
2/1/2025-2/28/2025
31,030
$
15.29
2,384,707
$
20,000,000
3/1/2025-3/31/2025
5,084
$
14.87
2,389,791
$
19,924,407
Total share purchases under the current program
2,389,791
$
13.55
2,389,791
$
19,924,407
The Company has one stock repurchase program which was established in February 2003 by the Board of Directors and which initially authorized management to expend up to $3,000,000 to repurchase shares on the open market as well as in private negotiated transactions. Since the program’s inception, the Board has replenished and increased the dollar amount of authorized stock repurchases on multiple occasions. Most recently, in February 2025, the Board of Directors increased the stock repurchase program to $20,000,000. From its inception date through March 31, 2025, the Company has repurchased 2,389,791 shares of its common stock under this repurchase program for an aggregate price of $32,387,923. The repurchase program has no termination date and there have been no share repurchases that were not part of a publicly announced program.
Item 3. DEFAULTS UPON SENIOR SECURITIES.
None.
Item 4. MINE SAFETY DISCLOSURES.
Not applicable.
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.