MOVING iMAGE TECHNOLOGIES INC. 10-K

ITEM 5. MARKET FOR REGISTRANT’S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES Market Information Our Common Stock is listed on the NYSE American under the symbol “MITQ.” Holders As of September 26, 2023, there were 12 holders of record of our Common Stock. Dividends We have never declared or paid cash dividends on our capital stock. We currently intend to retain all of our future earnings, if any, to finance the growth and development of our business. In addition, the terms of any future debt agreements may preclude us from paying dividends. As a result, capital appreciation, if any, of our shares of common stock will be your sole source of gain for the foreseeable future. 22 Table of Contents Issuer’s Purchases of Equity Securities On March 23, 2023, the Board of Directors re-authorized a stock repurchase program. Under the stock repurchase program, the Company may repurchase up to $1 million of its outstanding Common Stock over the next 12 months. . For the year ended June 30, 2023, the Company repurchased a combined total of 272,620 share representing 2.55% of the 10,685,778 outstanding shares at the end of June 30, 2023 at an average price of $1.111 per share. During three months ended June 30, 2023, the Company repurchased 225,153 shares of the Company’s Common Stock, as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total Number of ​ ​ Approximate ​ ​ ​ ​ ​ ​ ​ ​ Shares ​ ​ Dollar Value of ​ ​ ​ ​ ​ ​ ​ ​ Purchased as ​ ​ Shares that May ​ ​ Total Number of ​ ​ ​ ​ ​ Part of Publicly ​ ​ Yet Be Purchased ​ ​ Shares ​ ​ Average Price ​ ​ Announced Plans ​ ​ Under the Plans Period Purchased ​ Paid per Share ​ or Programs ​ ​ or Programs May 1 - June 30, 2023 225,153 ​ $ 1.13 ​ $ 225,153 ​ $ 697,000 Total 225,153 ​ $ 1.13 ​ $ 225,153 ​ $ 697,000 ​ Securities Authorized for Issuance Under Equity Compensation Plans The following table summarizes our equity compensation plan information as of June 30, 2023. We have adopted a 2019 Omnibus Incentive Stock Plan (the “2019 Plan”) and on February 24, 2022, at the annual meeting, the stockholders of the Company approved an amendment increasing the number of stock-based awards available for issuance under the 2019 Plan from 750,000 shares to 1,500,000 shares. Further information about the 2019 Plan, refer to Item 11. “Executive Compensation - 2019 Omnibus Incentive Stock Plan.” ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (c) ​ ​ ​ ​ ​ ​ Number of ​ ​ ​ ​ ​ ​ securities ​ ​ ​ ​ ​ ​ remaining ​ ​ (a) ​ (b) ​ available ​ ​ Number of ​ Weighted- ​ for future ​ ​ securities ​ average ​ issuance ​ ​ to be issued ​ exercise ​ under equity ​ ​ upon ​ price per ​ compensation ​ ​ exercise of ​ share of ​ plans ​ ​ outstanding ​ outstanding ​ (excluding ​ ​ options, ​ options, ​ securities ​ ​ warrants ​ warrants ​ reflected in Plan Category and rights and rights column (a)) Equity compensation plans approved by stockholders 250,000 1.10 ​ 1,220,000 Equity compensation plans not approved by stockholders — — ​ — Total 250,000 1.10 ​ 1,220,000 ​ ​ ITEM 6. RESERVED