Item 5. Market for Registrant’s Common Equity
Item 5.
Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities
Market Information
The Company’s common stock currently trades under the symbol NOBH on the OTCQX market. Any over-the-counter
market quotations reflect inter-dealer prices, without retail mark-up,
mark-down or commission and may not necessarily represent actual transactions.
Holders
At January 31, 2022 the approximate number of holders on record of common stock was 89 (not including individual participants in security position listings).
Dividends
The Board of Directors declared a one-time
cash dividend of $1.00 per common share for fiscal year 2020 paid to stockholders of record as of March 12, 2021. Any future determination to pay dividends will be at the discretion of our Board of Directors.
Securities Authorized for Issuance under Equity Compensation Plans
The following table displays equity compensation plan information as of the end of the fiscal year ended November 6. 2021 (see Note 13 to the Company’s financial statement included herein).
Equity Compensation Plan Information
Number of securities to
be issued upon exercise
of outstanding options,
warrants and rights
Weighted-average
exercise price of
outstanding options,
warrants and rights
Number of securities remaining
available for issuance under equity
compensation plans (excluding
securities reflected in column (a))
(a)
(b)
(c)
Equity compensation plans approved by security holders
47,300
$
24.41
N/A
*
Equity compensation plans not approved by security holders
N/A
N/A
252,700
*
Total
47,300
$
24.41
252,700
*
The Nobility Homes, Inc. 2011 Stock Incentive Plan was amended by the Board of Directors to extend the termination date from June 2021 until June 1, 2026.
Recent Sales of Unregistered Securities
None.
Issuer Repurchases of Equity Securities
The Company did not repurchase any shares of its common stock during the fourth quarter ended November 6. 2021.
In September 2021, the Company’s Board of Directors authorized management to repurchase up to 200,000 shares of the Company’s common stock for fiscal year 2022 in the open market.
In September 2020 the Company’s Board of Directors authorized 200,000 share to be repurchased during fiscal year 2021 in the open market. During the twelve months ended November 6, 2021 management repurchased an aggregate of 100,346 share of common stock.
Item 6.
Reserved
6
Table of Contents
Text extracted from the filing as submitted to EDGAR. Formatting, tables and exhibits are simplified for reading; the is authoritative for anything you rely on.