Unregistered Sales of Equity Securities and Use of Proceeds
−Removed: During the first quarter of fiscal year 2026, we purchased shares of common stock as follows:
+Added: During the second quarter of fiscal year 2026, we purchased shares of common stock as follows:
Period Total Number of Shares Purchased (1)
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Maximum Number (or Approximate Dollar Value) of Shares that May Yet Be Purchased Under the Plans or Programs (2)
−Removed: November 1, 2025 - November 30, 2025 7,843 $ 14.13 — —
−Removed: December 1, 2025 - December 31, 2025 21,344 $ 14.62 — —
−Removed: January 1, 2026 - January 31, 2026 — $ — — —
−Removed: Total 29,187 — —
+Added: February 1 ,2026 - February 28, 2026 — $ — — —
+Added: March 1, 2026 - March 31, 2026 — $ — — —
+Added: April 1, 2026 - April 30, 2026 — $ — — —
(1) Shares were acquired from employees in accordance with our stock-based compensation plan as a result of share withholdings to pay income tax related to the vesting and distribution of restricted stock awards.
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The share repurchase program may be modified, suspended or discontinued at any time and does not commit the Company to repurchase shares of the common stock.
−Removed: No shares have been repurchased under this program as of January 31, 2026.
+Added: No shares have been repurchased under this program as of April 30, 2026.
Defaults Upon Senior Securities
+Added: On March 23, 2026, the Board paused regular cash dividends on the Company’s outstanding common stock, as well as dividends on the Company’s $8.75 Voting Preferred Stock, $100.00 Par Value, Series B (“Series B Stock”) and 4% Voting Preferred Stock, $100.00 Par Value, Series B-2 (“Series B-2 Preferred Stock”) to support strategic capital investments, including transitioning a portion of our agricultural lands to higher-value avocado production and developing new housing.
+Added: The Board will monitor the incremental increases in cash flow to the Company attributable to these strategic capital investments and expects to resume dividends aligned with historical practice as soon as the Board deems it prudent to do so.
+Added: As of the date of this filing, (i) 14,790 shares of Series B Stock and 9,300 shares of Series B-2 Preferred Stock were issued and outstanding;
+Added: (ii) the dividend arrearages on Series B Stock were $2.19 per share, representing an aggregate allocation of $32,000;
+Added: and (iii) the dividend arrearages on Series B-2 Preferred Stock were $10.00 per share, representing an aggregate allocation of $93,000.
Mine Safety Disclosures
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Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.