NOVANTA INC 10-K

Item 5. Market for Registrant’s Common Shares, Related Stockholder Matters and Issuer Purchases of Equity Securities Market Information The Company’s common shares, no par value, are traded on the Nasdaq Global Select Market under the ticker symbol “NOVT”. Holders As of the close of business on February 21, 2022, there were approximately 32 holders of record of the Company’s common shares. Since many of the common shares are registered in “nominee” or “street” names, the Company believes that the total number of beneficial owners is considerably higher. Dividend Policy The Company has never declared or paid cash dividends on its common shares and does not anticipate paying any cash dividends in the foreseeable future. Recent Sales of Unregistered Securities None Purchases of Equity Securities by the Issuer and Affiliated Purchaser In October 2018, the Company’s Board of Directors approved a share repurchase plan (the “2018 Repurchase Plan”), authorizing the repurchase of up to $25.0 million worth of the Company’s common shares. In February 2020, the Company’s Board of Directors approved a new share repurchase plan (the “2020 Repurchase Plan”), authorizing the repurchase of up to an additional $50.0 million worth of the Company’s common shares. While these share repurchase plans are intended to generally offset dilutions from equity awards granted to our employees and directors, we are not obligated to acquire any particular amount of our common shares. No time limit was set for the completion of these share repurchase plans, and the plans may be suspended or discontinued at any time. As of December 31, 2021, the Company had $59.5 million available for future share repurchases under these share repurchase plans. The Company did not repurchase any shares during the quarter ended December 31, 2021. 31 Performance Graph The following graph compares the cumulative total return on the Company’s common shares with the cumulative total return on the Nasdaq Composite Index and the Russell 2000 Index for the period from December 31, 2016 through December 31, 2021. The comparison assumes an investment of $100 was made on December 31, 2016 in the Company’s common shares and in each of the indices and, in the case of the indices, it also assumes reinvestment of all dividends. The performance shown is not necessarily indicative of future performance. December 31, 2016 December 31, 2017 December 31, 2018 December 31, 2019 December 31, 2020 December 31, 2021 Novanta Inc. $ 100.00 $ 238.10 $ 300.00 $ 421.14 $ 562.95 $ 839.67 Nasdaq Composite Index $ 100.00 $ 129.64 $ 125.96 $ 176.28 $ 249.51 $ 304.85 Russell 2000 Index (1) $ 100.00 $ 114.68 $ 102.02 $ 128.06 $ 153.62 $ 176.39 (1) Copyright © Russell Investments 2021. All rights reserved. 32 Item 6. [Reserved] 33