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.
60
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 June 30, 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
4/1/2021-4/30/2021
—
$ —
—
735,977
5/1/2021-5/31/2021
—
—
—
735,977
6/1/2021-6/30/2021
15,000
8.07
—
720,977
Total
15,000
$ 8.07
—
720,977
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.