Item 2. Unregistered Sales of Equity Securities
Item 2.
Unregistered Sales of Equity Securities and Use of Proceeds
Limitation on Payment of Dividends and Share Repurchases
The Credit Facility currently permits the payment of up to $29,430,000 of dividends and share repurchases for fiscal year 2022, subject to pro forma compliance with financial covenants.
Purchases of Equity Securities by the Issuer
Shares repurchased during the three months ended September 30, 2021 were as follows:
Periods
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 Yet Be Purchased Under the Plans or Programs (1)
July 1 - July 31, 2021:
Open market and privately negotiated purchases
-
$
-
-
$
20,169,000
August 1 - August 31, 2021:
Open market and privately negotiated purchases
-
$
-
-
20,169,000
September 1 - September 30, 2021:
Open market and privately negotiated purchases
-
$
-
-
20,169,000
Total
0
0
$
20,169,000
(1)
As of September 30, 2021, $16,831,000 was utilized and $20,169,000 remains available to repurchase shares under the authorized share repurchase program, subject to the limit in our Credit Facility. We retired the 730,521 shares
repurchased under this program through September 30, 2021. Our share repurchase program does not obligate us to acquire any specific number of shares and shares may be repurchased in privately negotiated and/or open market transactions.
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.