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 and Holders
Our common stock is currently quoted on the Nasdaq Capital Market under the symbol “SMPL.”
As of October 17, 2022, there were 98,993,701 shares outstanding and 20 record holders of our common stock.
Dividends
We currently do not pay dividends and have not paid any cash dividends on our common stock to date. We currently intend to retain our future earnings to finance the development and expansion of our business and as such, we do not expect to pay any cash dividends on our common stock in the foreseeable future. The payment of future dividends, if any, will be at the discretion of our Board of Directors and will depend on our financial condition, results of operations, capital requirements, restrictions contained in current and/or future financing instruments, provisions of applicable law, and any other factors our Board of Directors deems relevant.
Issuer Purchases of Equity Securities
Total Number of Shares Purchased Maximum Dollar Value of Shares
Total Number of Average Price as Part of Publicly Announced That May Yet Be Purchased Under
Period Shares Purchased Paid Per Share Plans or Programs (1)
the Plans or Programs (1)
May 29, 2022 -
June 25, 2022 58,638 $ 36.80 58,638 $ 67,191,259
June 26, 2022 -
July 23, 2022 165,000 34.89 165,000 61,434,744
July 24, 2022 -
August 27, 2022 707,140 33.15 707,140 37,995,160
Total 930,778 $ 33.69 930,778 $ 37,995,160
(1) We adopted a $50.0 million stock repurchase program on November 13, 2018. On April 13, 2022, we announced that our Board of Directors had approved the addition of $50.0 million to our stock repurchase program, resulting in authorized stock repurchases of up to an aggregate of $100.0 million. As of August 27, 2022, approximately $38.0 million remained available under the stock repurchase program. Under the stock repurchase program, we may repurchase shares from time to time in the open market or in privately negotiated transactions. The stock repurchase program does not obligate us to acquire any specific number of shares or acquire shares over any specific period of time. We may suspend or discontinue the stock repurchase program at any time, and the stock repurchase program does not have an expiration date.
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Performance Graph
The following stock performance graph compares the cumulative total stockholder return over the last five fiscal years for (i) the Company’s common stock, (ii) the Standard & Poor’s 500 Index, and (iii) the Standard & Poor’s 500 Packaged Foods & Meats Index. The graph assumes the value of the investment in our common stock and each index was $100.00 on August 26, 2017 and assumes reinvestment of any dividends.
The stock price performance below is not necessarily indicative of future stock price performance.
Annual Return Percentage
Fiscal Years Ending
Company Name / Index August 26, 2017 August 25, 2018 August 31, 2019 August 29, 2020 August 28, 2021 August 27, 2022
The Simply Good Foods Company $ 100.00 $ 151.35 $ 249.41 $ 213.72 $ 297.56 $ 265.24
S&P 500 Index $ 100.00 $ 117.67 $ 119.79 $ 143.59 $ 184.58 $ 166.09
S&P 500 Packaged Foods & Meats Index $ 100.00 $ 94.82 $ 101.93 $ 110.35 $ 110.06 $ 122.48
Item 6. Reserved.
Not applicable.
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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.