Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities
−Removed: The Company’s common stock is quoted under the symbol “ESOA” and transactions in the stock are reported on the OTCQB marketplace.
−Removed: The following table sets forth the range of high and low sales prices for common stock during each of the last two fiscal years and is based on information provided by the OTCQB.
+Added: On March 23, 2022, the Company’s common stock began trading on the Nasdaq Capital Market operated by The Nasdaq Stock Market, LLC under the symbol “ESOA”.
+Added: The Company’s common stock had previously been traded under the symbol “ESOA” on the OTCQB Marketplace.
+Added: The following table sets forth the range of high and low sales prices for common stock during each of the last two fiscal years.
The high and low “bid price”, as required to be disclosed by Regulation S-K, was not available for certain periods because either these were not two-sided quotes by market makers or there was only one market maker with a two-sided quote.
10 unchanged sentences
Certain shares of the Company’s common stock are held in “nominee” or “street” name and accordingly the number of beneficial owners of common stock is not included in the number of record holders.
−Removed: On December 11, 2019, the Company declared a $0.05 per share special dividend that was paid on December 31, 2019, to common stockholders of record as of December 23, 2019.
−Removed: The special dividend totaled $696,117.
−Removed: The payment of cash dividends in the future will be contingent upon our revenues and earnings, if any, capital requirements and general financial condition.
−Removed: The payment of any future dividends will be within the discretion of our board of directors.
−Removed: On August 22, 2019, the Company announced that the Board of Directors authorized a stock repurchase program under which the Company would purchase up to 10%, or approximately 1,393,393 shares, of the Company’s issued and outstanding stock.
−Removed: The purchase program started on August 26, 2019, and expired on August 26, 2020.
−Removed: The Company suspended the stock repurchase program on April 27, 2020.
−Removed: Accordingly, there were no repurchases in the Company’s fourth fiscal quarter in 2020.
−Removed: The program resulted in the repurchase of 312,522 shares through September 30, 2020.
−Removed: The Company did not repurchase any stock during the three and twelve months ended September 30, 2021.
−Removed: At the annual meeting of shareholders on August 11, 2010, the shareholders approved the Energy Services of America Corporation Long Term Incentive Plan, to provide employees and directors of the Company with additional incentives to promote the growth and performance of the Company.
−Removed: The ten-year plan expired as of August 2020 with no awards in the fiscal year ended September 30, 2020.
−Removed: All stock grants have vested or been forfeited as of September 30, 2021.
+Added: The Company did not repurchase any stock during the twelve months ended September 30, 2022 and 2021.
+Added: On February 16, 2022, the stockholders of Energy Services approved the Company’s 2022 Equity Incentive Plan (the “Plan”), which provides for the grant of stock-based awards to officers and employees of the Company and its subsidiaries.
+Added: The maximum number of shares of stock, in the aggregate, that may be granted under the Plan as stock options, restricted stock or restricted stock units is 1,500,000 shares.
+Added: A description of the material terms of the Plan is contained in the Company’s definitive proxy statement for the Annual Meeting of Stockholders filed with the Securities and Exchange Commission on January 11, 2022.
+Added: No grants of stock-based awards were made during the fiscal year ended September 30, 2022.
+Added: On July 6, 2022, the Company’s Board of Directors authorized a new share repurchase program (the “Program”), pursuant to which the Company may, from time to time, purchase shares of its common stock for an aggregate repurchase amount not to exceed 1,000,000 shares, which was approximately 6.0% of its outstanding common stock as of the date of the announcement.
+Added: The Program does not obligate the Company to purchase any number of shares, and there is no guarantee as to the exact number of shares to be repurchased by the Company.
+Added: No repurchases were made in connection with the Program during the fiscal year ended September 30, 2022.
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.