Item 2. Unregistered Sales of Equity Securities
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds .
Recent Sales of Unregistered Securities and Use of Proceeds from Registered Securities
None.
Issuer Purchases of Equity Securities
In September 2018, the Board of Directors of the Company approved a Stock Repurchase Plan that authorized the repurchase of 300,000 shares of the Company's Class A Common Stock in the open market. The Stock Repurchase Plan was amended on December 4, 2020. The amendment authorized the repurchase of a total of 1,000,000 shares of the Company’s Class A Common Stock in the open market. The repurchased shares of Class A common stock will be held as treasury shares to be used as the Company's employer matching contribution to the Employee 401(k) Retirement Savings Plan.
The following table shows the Company's repurchase activity during the three months ended March 31, 2021 under the Stock Repurchase Plan.
Period
(a) Total Number
of Class A Shares
Purchased
(b) Average Price
Paid per Class A
Share
(c) Total Number of
Class A Shares
Purchased as Part
of Publicly Announced
Plan or Program
(d) Maximum Number (or
Approximate Dollar Value)
of Class A Shares that May Yet
Be Purchased Under the
Plan or Program
1/1/2021-1/31/2021
10,402
$ 8.84
-
740,575
2/1/2021-2/28/2021
4,598
8.68
-
735,977
3/1/2021-3/31/2021
-
-
-
735,977
Total
15,000
$ 8.80
-
735,977
56
Item 3. Defaults Upon Senior Securities .
None.
Item 4. Mine Safety Disclosures.
None.
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.