Item 5. Market for Registrant’s Common Equity
Item
5. Market for Registrant ’ s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities
The
common stock of the Company is listed on The Nasdaq Global Market (“NASDAQ”) under the ticker symbol “FEIM.”
As of July 8, 2025, the approximate number of holders of record of common stock was 441.
DIVIDEND
POLICY
On
July 22, 2024, the Board of Directors of the Company declared a special cash dividend of $1.00 per share of common stock. The dividend
was paid on August 29, 2024, to stockholders of record as of the close of business on August 8, 2024. Based on the current number of
shares of common stock outstanding, the total amount of this special cash dividend payment was approximately $9.4 million. No dividends
were declared or paid during fiscal year 2024. Any future determinations as to the declaration of dividends on our common stock will
be made at the discretion of the Board of Directors and will depend on our earnings, operating and financial conditions, capital requirements
and other factors deemed relevant by the Board of Directors.
PURCHASES
OF EQUITY SECURITIES
There
were no sales of unregistered equity securities during the quarter ended April 30, 2025.
In
March 2005, the Company’s Board of Directors authorized a stock repurchase program for up to $5 million of the Company’s
outstanding common stock. This program does not have an expiration date. Shares may be purchased in open market purchases, private transactions
or otherwise at such times and from time to time, and at such prices and in such amounts as the Company believes appropriate and in the
best interests of its stockholders. The timing and volume of repurchases will vary depending on market conditions and other factors.
Purchases may be commenced or suspended at any time without notice. The Company has acquired approximately $3.9 million of its common
stock out of the total authorization of $5 million.
The
following table presents the share-repurchase activity for the quarter ended April 30, 2025:
Period
Total
number of
shares
purchased
(1)
Average
price paid
per share
Total
number of
shares
purchased
as part of
the publicly
announced
plan or
program
Approximate
dollar value
of shares
that may yet
be
purchased
under the
plan or
program
February 1 - 28, 2025
-
$ -
-
$ 1,138,718
March 1 - 31, 2025
-
-
-
$ 1,138,718
April 1 - 30, 2025
-
-
-
$ 1,138,718
Total
-
-
$ 1,138,718
(1) There
were no shares withheld or otherwise repurchased during the quarter ended April 30, 2025.
Item
6. [Reserved]
Text extracted from the filing as submitted to EDGAR. Formatting, tables and exhibits are simplified for reading; the is authoritative for anything you rely on.