Item 2. Unregistered Sales of Equity Securities
Item 2 : Unregistered Sales of Equity Securities and Use of Proceeds
On May 20, 2021, the Company announced its intention to repurchase up to 445,000 shares of its common stock, or approximately 5.0% of its 8.9 million then-outstanding common shares. The shares will be purchased at prevailing market prices in the open market or in privately negotiated transactions, subject to availability and general market conditions. Repurchased shares will be held as treasury shares to be used for general corporate purposes.
The following table summarizes the Company’s stock repurchase activity for each month during the three months ended March 31, 2023.
Total # of Shares
Average
Purchased as Part of a
Maximum Number
Total #
Price
Publicly
of Shares That
of Shares
Paid Per
Announced
May Yet Be
Purchased
Share
Program
Purchased (1)
01/01/23 - 01/31/23 period
—
$
—
—
306,375
02/01/23 - 02/28/23 period
—
—
—
306,375
03/01/23 - 03/31/23 period
—
—
—
306,375
(1) Represents the remaining shares available for purchase as of the last calendar day of the month shown.
Item 3 : Defaults upon Senior Securities
Not applicable
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Table of Contents
Item 4 : Mine Safety Disclosures
Not applicable
Text extracted from the filing as submitted to EDGAR. Formatting, tables and exhibits are simplified for reading; the original document is authoritative for anything you rely on.