Item 5. Market for Registrant’s Common Equity
ITEM 5.
MARKET FOR REGISTRANT’S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES
MARKET INFORMATION
On March 31, 2022, our common stock traded on the NASDAQ Global Select Market under the symbol “PLUS.”
On May 23, 2022, there were 168 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, 2022, and 2021. 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 283,420 shares of e Plus inc. common stock during the fiscal year ended March 31, 2022, including a total of 227,990 shares
purchased as part of the publicly announced share repurchase plans or programs. The numbers of shares and price per share for the prior periods presented in the table have been retroactively adjusted to reflect the stock split. See Note 1 “Organization and Summary of Significant Accounting Policies ” and Note 11 “Stockholders’ Equity” in the consolidated financial statements included elsewhere in this
report for additional information on the stock split.
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, 2021 through April 30, 2021
-
$
-
-
881,798
(2
)
May 1, 2021 through May 27, 2021
1,998
$
50.40
-
881,798
(3
)
May 28, 2021 through May 31, 2021
-
$
-
-
1,000,000
(4
)
June 1, 2021 through June 30, 2021
88,690
$
45.21
35,258
964,742
(5
)
July 1, 2021 through July 31, 2021
62,798
$
44.00
62,798
901,944
(6
)
August 1, 2021 through August 31, 2021
-
$
-
-
901,944
(7
)
September 1, 2021 through September 30, 2021
-
$
-
-
901,944
(8
)
October 1, 2021 through October 31, 2021
-
$
-
-
901,944
(9
)
November 1, 2021 through November 30, 2021
-
$
-
-
901,944
(10
)
December 1, 2021 through December 31, 2021
49,943
$
51.90
49,943
852,001
(11
)
January 1, 2022 through January 31, 2022
79,991
$
51.78
79,991
772,010
(12
)
February 1, 2022 through February 28, 2022
-
$
-
-
772,010
(13
)
March 1, 2022 through March 31, 2022
-
$
-
-
772,010
(14
)
(1)
All shares acquired were in open-market purchases, except for 55,430 shares, out of which 1,998 were repurchased in May 2021 and 53,432 in June 2021 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, 2021, had purchase limitations on the number of shares of up to 1,000,000 shares. As of April 30, 2021, the remaining authorized shares to be purchased were
881,798.
(3)
As of May 27, 2021, the authorization under the then-existing share repurchase plan expired.
(4)
On March 18, 2021, the board of directors authorized the company to repurchase up to 1,000,000 shares of our outstanding common stock commencing on May 28, 2021 and continuing to May 27, 2022. As of May 31, 2021, the remaining
authorized shares to be purchased were 1,000,000.
(5)
The share purchase authorization in place for the month ended June 30, 2021, had purchase limitations on the number of shares of up to 1,000,000 shares. As of June 30, 2021, the remaining authorized shares to be purchased were
964,742.
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(6)
The share purchase authorization in place for the month ended July 31, 2021, had purchase limitations on the number of shares of up to 1,000,000 shares. As of July 31, 2021, the remaining authorized shares to be purchased were
901,944.
(7)
The share purchase authorization in place for the month ended August 31, 2021, had purchase limitations on the number of shares of up to 1,000,000 shares. As of August 31, 2021, the remaining authorized shares to be purchased were
901,944.
(8)
The share purchase authorization in place for the month ended September 30, 2021, had purchase limitations on the number of shares of up to 1,000,000 shares. As of September 30, 2021, the remaining authorized shares to be purchased
were 901,944.
(9)
The share purchase authorization in place for the month ended October 31, 2021, had purchase limitations on the number of shares of up to 1,000,000 shares. As of October 31, 2021, the remaining authorized shares to be purchased
were 901,944.
(10)
The share purchase authorization in place for the month ended November 30, 2021, had purchase limitations on the number of shares of up to 1,000,000 shares. As of November 30, 2021, the remaining authorized shares to be purchased
were 901,944.
(11)
The share purchase authorization in place for the month ended December 31, 2021, had purchase limitations on the number of shares of up to 1,000,000 shares. As of December 31, 2021, the remaining authorized shares to be purchased
were 852,001.
(12)
The share purchase authorization in place for the month ended January 31, 2022, had purchase limitations on the number of shares of up to 1,000,000 shares. As of January 31, 2022, the remaining authorized shares to be purchased
were 772,010.
(13)
The share purchase authorization in place for the month ended February 28, 2022, had purchase limitations on the number of shares of up to 1,000,000 shares. As of February 28, 2022, the remaining authorized shares to be purchased
were 772,010.
(14)
The share purchase authorization in place for the month ended March 31, 2022, had purchase limitations on the number of shares of up to 1,000,000 shares. As of March 31, 2022, the remaining authorized shares to be purchased were
772,010.
The timing and expiration date of the share repurchase authorizations are included in Note 11 , “Stockholders’ Equity” to our consolidated financial statements included elsewhere in this report.
ITEM 6.
[RESERVED]
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