Item 2. Unregistered Sales of Equity Securities
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds.
(a)
Not applicable.
(b)
Not applicable.
(c)
The table below represents the Corporation’s purchases of its equity securities for the first quarter of fiscal 2021.
Period
(a) Total
Number of
Shares Purchased
(b) Average
Price Paid
per Share
(c) Total Number of
Shares Purchased as
Part of Publicly
Announced Plan
(d) Maximum
Number of Shares
that May Yet Be
Purchased Under the
Plan (1)
July 1 – 31, 2020
—
$
—
—
371,815
August 1 – 31, 2020
—
$
—
—
371,815
September 1 – 30, 2020
2,556
$
11.68
—
371,815
Total
2,556
$
11.68
—
371,815
(1)
Represents the remaining shares available for future purchases under the April 2020 stock repurchase plan.
During the quarter ended September 30, 2020, the Corporation did not purchase any shares of the Corporation’s common stock under the April 2020 stock repurchase plan. As of September 30, 2020, the
Corporation has not purchased any shares authorized in the April 2020 stock repurchase plan, leaving all 371,815 shares available for purchase until the plan expires on April 30, 2021. During the quarter ended September 30, 2020, there was no stock
option activity, while a total of 9,000 shares of restricted stock were forfeited and 7,500 shares of restricted stock were vested. The Corporation purchased 2,556 shares from recipients to fund their withholding tax obligations in the first quarter
fiscal 2021 with an average cost of $11.68 per share.
Item 3. Defaults Upon Senior Securities.
Not applicable.
Item 4. Mine Safety Disclosures.
Not applicable.
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