Item 5. Market for Registrant’s Common Equity
Item 5. Market for the Registrant’s Common Equity, Related Stockholder Matters, and Issuer Purchases of Equity Securities
Our common stock is traded on Nasdaq under the trading symbol “NNBR.” As of February 24, 2023, there were 3,878 beneficial owners of record of our common stock.
The following graph and table compare the cumulative total shareholder return on our common stock with the cumulative total shareholder return of: (i) the Russell 2000 ® Index, which is a broad equity market index, and (ii) the S&P SmallCap 600 ® Industrials Index, which is a published industry index, for the period from December 31, 2017, to December 31, 2022. The following graph and table assume that a $100 investment was made at the close of trading on December 31, 2017. We cannot assure you that the performance of our common stock will continue in the future with the same or similar trend depicted on the graph.
Comparison of Five-Year Cumulative Total Return
(Performance results through December 31, 2022)
2017 2018 2019 2020 2021 2022
NN, Inc. $ 100.00 $ 24.78 $ 35.02 $ 24.87 $ 15.52 $ 5.68
Russell 2000 $ 100.00 $ 88.99 $ 111.70 $ 134.00 $ 153.85 $ 122.41
S&P SmallCap 600 Industrials $ 100.00 $ 87.85 $ 113.89 $ 127.53 $ 160.56 $ 145.46
Source: Zachs Investment Research, Inc.
The declaration and payment of dividends are subject to the sole discretion of our Board of Directors and depend upon our profitability, financial condition, capital needs, credit agreement restrictions, future prospects, and other factors deemed relevant by the Board of Directors.
See Part III, Item 12 – “Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters” of this Annual Report for information required by Item 201 (d) of Regulation S-K.
Item 6. Reserved
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.