Item 2. Unregistered Sales of Equity Securities
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds.
Repurchases of Equity Securities
The Company’s stock repurchase program has been extended and expanded several times, most recently in July 2023, when the Board of Directors reauthorized 500,000 shares of common stock for repurchase under the initial September 2011 authorization. Since the reauthorization, the Company has repurchased 27,155 shares of its common stock under this repurchase program.
The following table summarizes the Company’s common stock repurchases during the first quarter of 2026. No shares were purchased during the quarter other than through this program, and all purchases were made by or on behalf of the Company and not by any “affiliated purchaser.”
Issuer Purchases of Equity Securities
Total number
of purchased
Average
price paid
Total number of
shares purchased
as part of publicly
announced plans
Maximum number
of shares that may
yet be purchased
under the plans or
Period
purchased
per share
or programs
programs (1)
January 1-31, 2026
-
-
-
474,016
February 1-28, 2026
-
-
-
474,016
March 1-31, 2026
1,171
$
9.65
1,171
472,845
Total
1,171
$
9.65
1.171
(1)
The Company’s stock repurchase program does not have an expiration date.
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Table of Contents
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.