Energy Services of America CORP 10-K

ITEM 5. Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities 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”. The Company’s common stock had previously been traded under the symbol “ESOA” on the OTCQB Marketplace. 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. Over the counter market quotations reflect inter-dealer prices, without retail mark-up, markdown or commission and may not necessarily represent actual transactions. Common Stock ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Fiscal 2021 High Low Dividends Quarter ended December 31, 2020 ​ $ 1.30 ​ $ 0.81 ​ $ — Quarter ended March 31, 2021 ​ 2.45 ​ 1.02 ​ — Quarter ended June 30, 2021 ​ 2.40 ​ 1.96 ​ — Quarter ended September 30, 2021 ​ 2.40 ​ 1.62 ​ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Fiscal 2022 High Low Dividends Quarter ended December 31, 2021 ​ $ 3.65 ​ $ 1.32 ​ $ — Quarter ended March 31, 2022 ​ 4.68 ​ 2.30 ​ — Quarter ended June 30, 2022 ​ 3.25 ​ 1.90 ​ — Quarter ended September 30, 2022 ​ 3.49 ​ 1.77 ​ — ​ As of December 21, 2022, there were 31 holders of record of our common stock. 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. The Company did not repurchase any stock during the twelve months ended September 30, 2022 and 2021. 16 Table of Contents 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. 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. 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. No grants of stock-based awards were made during the fiscal year ended September 30, 2022. 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. 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. No repurchases were made in connection with the Program during the fiscal year ended September 30, 2022. ITEM 6. Reserved ​ 17 Table of Contents