EPLUS INC 10-K

ITEM 5. MARKET FOR REGISTRANT’S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES MARKET INFORMATION At March 31, 2021, our common stock traded on the NASDAQ Global Select Market under the symbol “PLUS.” On May 20, 2021, there were approximately 150 stockholders of record of our common stock, although there is a much larger number of beneficial owners. DIVIDEND POLICIES AND RESTRICTIONS We did not pay any cash dividends on our common stock during the fiscal years ended March 31, 2021, and 2020. Holders of our common stock are entitled to dividends if and when declared by our Board of Directors (“Board”), out of funds legally available. Generally, we have retained our earnings for use in the business. We currently intend to retain future earnings to fund ongoing operations and finance the growth and development of our business. Any future determination concerning the payment of dividends will depend upon our financial condition, results of operations, capital requirements and any other factors deemed relevant by our Board. PURCHASES OF OUR COMMON STOCK The following table provides information regarding our total purchases of 96,741 shares of e Plus inc. common stock during the fiscal year ended March 31, 2021, including a total of 59,101 shares purchased as part of the publicly announced share repurchase plans or programs. 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 Maximum number (or approximate dollar value) of shares that may yet be purchased under the plans or programs April 1, 2020 through April 30, 2020 - $ - - 339,324 (2 ) May 1, 2020 through May 27, 2020 996 $ 66.75 - 339,324 (3 ) May 28, 2020 through May 31, 2020 - $ - - 500,000 (4 ) June 1, 2020 through June 30, 2020 36,644 $ 71.94 - 500,000 (5 ) July 1, 2020 through July 31, 2020 - $ - - 500,000 (6 ) August 1, 2020 through August 31, 2020 - $ - - 500,000 (7 ) September 1, 2020 through September 30, 2020 24,318 $ 73.37 24,318 475,682 (8 ) October 1, 2020 through October 31, 2020 25,455 $ 70.67 25,455 450,227 (9 ) November 1, 2020 through November 30, 2020 9,328 $ 70.99 9,328 440,899 (10 ) December 1, 2020 through December 31, 2020 - $ - - 440,899 (11 ) January 1, 2021 through January 31, 2021 - $ - - 440,899 (12 ) February 1, 2021 through February 29, 2021 - $ - - 440,899 (13 ) March 1, 2021 through March 31, 2021 - $ - - 440,899 (14 ) (1) Any shares acquired were in open-market purchases, except for 37,640 shares, out of which 996 were repurchased in May 2020 and 36,644 in June 2020 to satisfy tax withholding obligations that arose due to the vesting of shares of restricted stock. (2) The share purchase authorization in place for the month ended April 30, 2020, had purchase limitations on the number of shares of up to 500,000 shares. As of April 30, 2020, the remaining authorized shares to be purchased were 339,324. (3) As of May 27, 2020, the authorization under the then existing share repurchase plan expired. (4) On May 20, 2020, the board of directors authorized the company to repurchase up to 500,000 shares of our outstanding common stock commencing on May 28, 2020 and continuing to May 27, 2021. As of May 31, 2020, the remaining authorized shares to be purchased were 500,000. (5) The share purchase authorization in place for the month ended June 30, 2020, had purchase limitations on the number of shares of up to 500,000 shares. As of June 30, 2020, the remaining authorized shares to be purchased were 500,000. (6) The share purchase authorization in place for the month ended July 31, 2020, had purchase limitations on the number of shares of up to 500,000 shares. As of July 31, 2020, the remaining authorized shares to be purchased were 500,000. 25 Table of Contents (7) The share purchase authorization in place for the month ended August 31, 2020, had purchase limitations on the number of shares of up to 500,000 shares. As of August 31, 2020, the remaining authorized shares to be purchased were 500,000. (8) The share purchase authorization in place for the month ended September 30, 2020, had purchase limitations on the number of shares of up to 500,000 shares. As of September 30, 2020, the remaining authorized shares to be purchased were 475,682. (9) The share purchase authorization in place for the month ended October 31, 2020, had purchase limitations on the number of shares of up to 500,000 shares. As of October 31, 2020, the remaining authorized shares to be purchased were 450,227. (10) The share purchase authorization in place for the month ended November 30, 2020, had purchase limitations on the number of shares of up to 500,000 shares. As of November 30, 2020, the remaining authorized shares to be purchased were 440,899. (11) The share purchase authorization in place for the month ended December 31, 2020, had purchase limitations on the number of shares of up to 500,000 shares. As of December 31, 2020, the remaining authorized shares to be purchased were 440,899. (12) The share purchase authorization in place for the month ended January 31, 2021 had purchase limitations on the number of shares of up to 500,000 shares. As of January 31, 2021, the remaining authorized shares to be purchased were 440,899 . (13) The share purchase authorization in place for the month ended February 28, 2021 had purchase limitations on the number of shares of up to 500,000 shares. As of February 28, 2021, the remaining authorized shares to be purchased were 440,899 . (14) The share purchase authorization in place for the month ended March 31, 2021, had purchase limitations on the number of shares of up to 500,000 shares. As of March 31, 2021, the remaining authorized shares to be purchased were 440,899 . The timing and expiration date of the share repurchase authorizations are included in Note 12 , “Stockholders’ Equity” to our consolidated financial statements included elsewhere in this report. ITEM 6. SELECTED FINANCIAL DATA Not Applicable 26 Table of Contents