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 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.
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The following table shows the Company's repurchase activity during the three months ended June 30, 2020 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
4/1/2020-4/30/2020
10,000
$ 4.64
-
135,667
5/1/2020-5/31/2020
6,780
6.10
-
128,887
6/1/2020-6/30/2020
6,960
6.48
-
121,927
Total
23,740
$ 5.58
-
121,927
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.