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, 2026, the approximate
number of holders of record of common stock was 613.
DIVIDEND
POLICY
No
dividends were declared or paid during fiscal year 2026. In the past, we have declared special dividends from time to time; however,
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, Credit Agreement restrictions, and other factors
deemed relevant by the Board of Directors.
The
Credit Agreement currently restricts our ability to declare and pay dividends on our common stock if certain total leverage and minimum
fixed charge coverage covenants are not met, and our ability to declare and pay dividends on our common stock may further be restricted
by the provisions of other financing documents that we may enter into in the future or the terms of securities that we may issue from
time to time.
PURCHASES
OF EQUITY SECURITIES
There
were no sales of unregistered equity securities during the quarter ended April 30, 2026.
The
following table presents the share-repurchase activity for the quarter ended April 30, 2026:
Period
Total
number of
shares
purchased
(1) (2)
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, 2026
-
$ -
-
$ 19,009,026
March 1 - 31, 2026
-
-
-
$ 19,009,026
April 1 - 30, 2026
-
-
-
$ 19,009,026
Total
-
-
$ 19,009,026
(1) In
March 2005, the Company’s Board of Directors authorized the repurchase of up to $5.0 million worth of shares of the Company’s
common stock. On September 9, 2025, the Company’s Board of Directors approved a new share repurchase authorization in the amount
of $20.0 million. Under this new share repurchase authorization, the Company’s shares of common stock may be purchased on a discretionary
basis from time to time, subject to general business and market conditions, other investment opportunities, and compliance with the covenants
under the Credit Agreement, through open market purchases, privately negotiated transactions or other means. This repurchase program
may be suspended or discontinued at any time without notice. The new share repurchase authorization replaced the Company’s prior
share repurchase authorization under which approximately $0.6 million remained. This new share repurchase authorization does not have
an expiration date.
(2) There
were no shares withheld or otherwise repurchased during the quarter ended April 30, 2026.
Item
6. [Reserved]
13
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