HOOKER FURNISHINGS Corp 10-Q

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds (1). Total Number of Shares Purchased Average Price Paid Per Share Total Number of Shares Purchased As Part of Publicly Announced Program Maximum Dollar Value of Shares That May Yet Be Purchased Under The Program $ 3,005,963 July 31, 2023 - September 3, 2023 78,471 21.00 78,471 1,356,172 September 4, 2023 - October 1, 2023 62,705 19.73 62,705 117,838 October 2, 2023 - October 29, 2023 5,995 19.64 5,995 0 Total 147,171 $ 20.41 147,171 (1) On June 6, 2022, our Board of Directors authorized the repurchase of up to $20 million of the Company’s common shares. The authorization does not obligate us to acquire a specific number of shares during any period and does not have an expiration date, but it may be modified, suspended, or discontinued at any time at the discretion of our Board of Directors. Repurchases may be made from time to time in the open market, or through privately negotiated transactions or otherwise, in compliance with applicable laws, rules and regulations, and subject to our cash requirements for other purposes, compliance with the covenants under the loan agreement for our revolving credit facility and other factors we deem relevant. In fiscal 2024 second quarter, our Board of Directors approved an additional $5 million for the repurchase of our common shares, adding to the $20 million authorization it approved in fiscal 2023. During the fiscal 2024 nine-month period, we used approximately $11.7 million of the authorization to purchase 620,634 of our common shares (at an average price of $18.79 per share). The share repurchase program was completed during the fiscal 2024 third quarter.