Item 5. Market for Registrant’s Common Equity
Item 5. MARKET FOR REGISTRANT’S COMMON EQUITY, RELATED SHAREHOLDER MATTERS, AND ISSUER PURCHASES OF EQUITY SECURITIES
Market Information
Our common stock is traded on the NASDAQ Global Market, formerly the NASDAQ National Market System under the symbol “KTCC.” Quarterly high and low sales prices for our common stock for fiscal years 2022 and 2021 were as follows:
2022 2021
High Low High Low
First Quarter $ 7.48 $ 6.45 $ 10.22 $ 5.04
Second Quarter 6.73 5.95 10.48 7.05
Third Quarter 6.55 5.26 9.48 6.75
Fourth Quarter 5.74 4.27 8.35 6.35
High and low stock prices are based on the daily sales prices reported by the NASDAQ Stock Market. These quotations represent prices between dealers without adjustment for markups, markdowns, and commissions, and may not represent actual transactions.
Holders and Dividends
As of July 2, 2022, we had 582 shareholders of common stock on record. As a result of our credit agreements, we are restricted from declaring or paying dividends in cash or stock without Bank of America’s prior written consent. We have not paid a cash dividend and do not anticipate payment of dividends in the foreseeable future.
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Equity Compensation Plan Information
Information concerning securities authorized for issuance under our equity compensation plans is set forth in Part III, Item 12 of this Annual Report on Form 10-K, under the caption “Equity Compensation Plan Information,” and that information is incorporated herein by reference.
Performance Graph
Set forth below is a line graph comparing the cumulative total shareholder return on our common stock with the cumulative total return of the NASDAQ Stock Market (U.S. & Foreign) Index and the NASDAQ Electronic Components Index in fiscal 2022.
6/30/2017 6/30/2018 6/29/2019 6/27/2020 7/3/2021 7/2/2022
Key Tronic Corporation 100.00 106.91 70.24 74.19 92.38 60.23
NASDAQ Composite 100.00 123.60 133.22 169.11 245.60 188.07
NASDAQ Electronic Components 100.00 130.95 128.24 174.60 286.71 221.70
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Item 6: [RESERVED]
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.