NATHANS FAMOUS, INC. 10-K

Item 5. Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities. Market Information and Dividend Policy Our common stock is quoted on the NASDAQ Global Market (“Nasdaq”) under the symbol “NATH.” As of June 5, 2026 we had approximately 276 shareholders of record, excluding shareholders whose shares were held by brokerage firms, depositories and other institutional firms in “street name” for their customers. The Company paid four quarterly cash dividends of $0.50 per share of common stock during fiscal 2025 and 2026. Additionally, the Company paid a special cash dividend of $2.50 per share on December 5, 2025. Effective June 9, 2026, as permitted under the Merger Agreement, the Board declared its regular quarterly cash dividend of $0.50 per share for fiscal year 2027 which is payable on June 30, 2026 to stockholders of record as of the close of business on June 22, 2026 (the (“June 2026 Regular Cash Dividend”). Our ability to pay future dividends is limited by the terms of our Merger Agreement and our Credit Agreement. Pursuant to the Merger Agreement, the Company is permitted to declare and pay up to two regular quarterly cash dividends each in the amount of $0.50 per share of the Company’s common stock during the period pending the closing of the proposed transaction with Smithfield Foods. After the payment of the June 2026 Regular Cash Dividend, the Company is no longer permitted to declare and pay any further dividends under the Merger Agreement. Issuer Purchases of Equity Securities The terms of the Merger Agreement prohibit the Company from repurchasing any of its common stock. The Company did not repurchase any of its common stock during the quarter ended March 29, 2026. Item 6. Reserved. 38