Item 1A. Risk Factors
Item 1A.
RISK FACTORS
There has not been any material change in the risk factors disclosed in “Part I, Item 1A. Risk Factors ” of our Annual Report on Form 10-K for the fiscal year ended
March 31, 2022.
Item 2.
UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS
The following table provides information regarding our total purchases of 128,553 shares of e Plus inc. common stock during the three months ended June 30, 2022, including a
total of 70,473 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, 2022 through April 30, 2022
34,961
$
56.02
34,961
737,049
(2
)
May 1, 2022 through May 27, 2022
35,512
$
55.86
35,512
701,537
(3
)
May 28, 2022 through May 31, 2022
-
$
-
-
1,000,000
(4
)
June 1, 2022 through June 30, 2022
58,080
$
56.51
-
1,000,000
(5
)
(1)
All shares acquired were in open-market purchases, except for 58,080 shares, which were repurchased in June 2022 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, 2022, had purchase limitations on the number of shares of up to 1,000,000 shares. As of April 30, 2022, the remaining authorized shares to be purchased were 737,049.
(3)
As of May 27, 2022, the authorization under the then-existing share repurchase plan expired.
(4)
On March 24, 2022, the board of directors authorized the company to repurchase up to 1,000,000 shares of our outstanding common stock commencing on May 28, 2022, and continuing to May 27, 2023. As of May 31, 2022, the remaining
authorized shares to be purchased were 1,000,000.
(5)
The share purchase authorization in place for the month ended June 30, 2022, had purchase limitations on the number of shares of up to 1,000,000 shares. As of June 30, 2022, the remaining authorized shares to be purchased were 1,000,000.
The timing and expiration date of the current stock repurchase authorizations are included in Note 10 , “Stockholders’ Equity” to our unaudited consolidated financial
statements included elsewhere in this report.
Item 3 .
DEFAULTS UPON SENIOR SECURITIES
Not Applicable.
Item 4.
MINE SAFETY DISCLOSURES
Not Applicable.
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