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, 2027. 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 March 31, 2026, as detailed below. Under the terms
of the stock repurchase program, the Company has the remaining authority to repurchase up to 133,431 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
January 31, 2026
572
$ 3.37
572
144,355
February 28, 2026
3,910
$ 3.56
3,910
140,445
March
31, 2026
7,014
$ 3.56
7,014
133,431
Total
11,496
$ 3.55
11,496
32
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.