Item 2. Unregistered Sales of Equity Securities
Item 2. Unregistered Sales of Equity Securities
and Use of Proceeds
Share Repurchases
The following table presents
the share repurchase activity for the quarter ended July 31, 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
May 1 - 31, 2026
-
$ -
-
$ 19,009,026
June 1 - 30, 2026
-
-
-
$ 19,009,026
July 1 - 31, 2026
-
$ -
-
$ 19,009,026
Total
-
-
$ 19,009,026
(1) On September 9, 2025, the Company’s Board of Directors
approved a share repurchase authorization in the amount of $20.0 million. Under this 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 share
repurchase authorization replaced the Company’s prior $5.0 million share repurchase authorization, which was initially authorized
in March 2005, under which approximately $0.6 million remained. The current share repurchase authorization does not have an expiration
date.
(2) There were no shares withheld or otherwise repurchased during
the quarter ended July 31, 2026.
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Table of Contents
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.