Item 2. Unregistered Sales of Equity Securities
Item 2. Unregistered
Sales of Equity Securities and Use of Proceeds
(a) Sales
of Unregistered Securities – None
(b) Use
of Proceeds – Not Applicable
(c) Issuer
Purchases of Securities
Stock Repurchase Program
The Company
has an approved one-year stock repurchase program that authorizes the repurchase of up to 500,000 of the Company’s common shares
that was extended through March 31, 2024. Repurchases may be made through open market purchases or in privately negotiated transactions.
Shares repurchased will be returned to the status of authorized and unissued shares of common stock. The actual means and timing of any
purchases, number of shares and prices or range of prices will be determined by the Company.
Shares
of the Company’s common stock were repurchased during the three months ended June 30, 2023, as detailed below. Under the terms
of the stock repurchase program, the Company has the remaining authority to repurchase up to 380,771 shares of common stock.
Period
Beginning on First Day of Month Ended
Total
Number of Shares Purchased
Average
Price Paid Per Share
Total
Number of Shares Purchased as Part of Publicly Announced Plans or Programs
Maximum
Number of Shares That May Yet Be Purchased Under Plans or Programs
April
30, 2023
2,911
$
2.20
2,911
403,562
May
31, 2023
7,029
$
2.09
7,029
396,533
June
30, 2023
15,762
$
2.21
15,762
380,771
Total
25,702
$
2.18
25,702
40
Item 3. Defaults
Upon Senior Securities
None.
Item 4. Mine
Safety Disclosures
Not Applicable.
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.