Item 5. Market for Registrant’s Common Equity
Item 5. Market for Registrant ’ s Common Stock, Related Stockholder Matters and Issuer Purchases of Equity Securities
Refer to the information in the 2024 Annual Report, attached as Exhibit 13 to this Annual Report on Form 10-K, under the section “Shareholder Information”, which is incorporated by reference.
Issuer Purchases of Equity Securities
On August 10, 2022, the Board approved an amendment to the Company’s stock repurchase program which increased the maximum number of shares to be repurchased under the program up to 2,000,000 shares of the Company's Class A and/or Class B Common Stock, including the shares of convertible participating preferred stock of the Company (collectively, the “Common Stock”). Under the repurchase program, the Company may purchase shares of Common Stock from time to time in the open market or in privately negotiated transactions in compliance with the applicable rules and regulations of the Securities and Exchange Commission. The Board also authorized the establishment of a stock trading plan pursuant to Rule 10b5-1 under the Securities Exchange Act of 1934, as amended, to make purchases of Common Stock pursuant to the stock repurchase program. The timing and amount of stock repurchases under the program, if any, will be at the discretion of management, and will depend on available cash, market conditions and other considerations. Therefore, we cannot assure you as to the number or aggregate dollar amount of shares, if any, that will be repurchased under the repurchase program. We may discontinue the program at any time.
On August 9, 2023, the Board approved an amendment to the Company’s stock repurchase program which increased the maximum number of shares to be repurchased under the program up to 2,500,000 shares of the Common Stock. The Company’s stock repurchase program does not have an expiration date.
Total Number of
Average Price
Total Number of Shares
Maximum Number
Shares Purchased
Paid per Share
Purchased as Part of
(or Approximate Dollar Value) of
Class A
Class B
Class A
Class B
Publicly Announced
Shares that May Yet Be Purchased
Period
Common
Common
Common
Common
Plans or Programs
Under the Plans or Programs
01/01/2024 –
01/31/2024
-
-
-
02/01/2024 –
02/29/2024
-
-
-
03/01/2024 –
03/31/2024 (1)
109,633
-
$
54.21
-
98,996
Total
109,633
-
$
54.21
-
98,996
506,277
(1)
Includes 10,637 shares that were purchased from the Seneca Foods Corporation Employees’ Savings Plan to satisfy the cash needs for transfers and payments in connection with the employer stock investment fund under the plan.
Item 6. Reserved
Item 7. Management ’ s Discussion and Analysis of Financial Condition and Results of Operations
Refer to the information in the 2024 Annual Report, attached as Exhibit 13 to this Annual Report on Form 10-K, under the section “Management’s Discussion and Analysis of Financial Condition and Results of Operations”, which is incorporated by reference.
Item 7A. Quantitative and Qualitative Disclosures about Market Risk
Refer to the information in the 2024 Annual Report, attached as Exhibit 13 to this Annual Report on Form 10-K, under the section “Management’s Discussion and Analysis of Financial Condition and Results of Operations”, which is incorporated by reference.
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