Item 2. Unregistered Sales of Equity Securities
Item
2. Unregistered Sales of Equity Securities and Use of Proceeds
Issuer
Purchases of Equity Securities
During the
three months ended June 30, 2023, we purchased shares of our common stock as follows:
Period
Total
Number of
Shares
Purchased (1)
Average
Price Paid
per Share
Total Number
of Shares
Purchased as
Part of Publicly
Announced
Plans or
Programs (1)
Maximum
Number (or
Approximate
Dollar Value) of
Shares that
May Yet Be
Purchased
Under the
Plans or
Programs (1)
4/1/23 - 4/30/23
—
$
—
—
$
15,000,000
5/1/23 - 5/31/23
132,000
$
13.15
132,000
$
13,267,253
6/1/23 - 6/30/23
394,000
$
14.65
394,000
$
7,488,116
(1) On
March 14, 2023, the Company announced that its Board of Directors had authorized the repurchase of up to $15 million of the Company’s
outstanding common stock. Under this new program, share repurchases may be made from time to time depending on market conditions, share
price and availability and other factors at the Company’s discretion. This stock repurchase authorization expires on the earlier
of March 12, 2024, or when the repurchase of $15 million of shares of its common stock has been reached.
The
Company’s repurchase of shares took place in open market transactions or privately negotiated transactions in accordance with applicable
securities and other laws, including the Exchange Act. The Company intends to finance the purchase using its available cash and cash
equivalents.
Item 3.
Defaults upon Senior Securities
None
Item 4.
Mine Safety Disclosures
N/A
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.