El Pollo Loco Holdings, Inc. 10-Q

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds. On October 11, 2022, the Company’s Board of Directors approved a share repurchase program (the “2022 Stock Repurchase Plan”) under which the Company is authorized to repurchase up to $20.0 million of shares of our common stock. The 2022 Stock Repurchase Plan will terminate on March 28, 2024, may be modified, suspended or discontinued at any time, and does not obligate the Company to acquire any particular number of shares. Under the 2022 Stock Repurchase Plan, the Company is permitted to repurchase its common stock from time to time, in amounts and at prices that the Company deemed appropriate, subject to market conditions and other considerations. The Company’s repurchases will be executed using open market purchases, including pursuant to Rule 10b5-1 trading plans, and/or through privately negotiated transactions. T he following table summarizes the Company’s purchases of common stock under the 2022 Stock Repurchase Plan in the quarterly period ended March 29, 2023 (in thousands, except number of shares and per share amounts): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total Number of Shares Purchased Average Price Paid Per Share Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs Approximate Dollar Value of Shares That May Be Purchased Under the Plans or Programs ​ December 29, 2022 to January 25, 2023 161,874 ​ $ 10.92 ​ 161,874 ​ $ 18,364 January 26, 2023 to February 22, 2023 110,000 ​ $ 12.17 ​ 110,000 ​ $ 17,026 February 23, 2023 to March 29, 2023 280,475 ​ $ 11.03 ​ 280,475 ​ $ 13,810 Total 552,349 ​ ​ ​ 552,349 ​ ​ ​ ​ ​ Item 3. Defaults Upon Senior Securities. None. ​ Item 4. Mine Safety Disclosures. None. ​