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 in December 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 and for shares held in the Deferred Compensation Plan.
The
following table shows the Company’s repurchase activity during the three months ended June 30, 2022 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
4/1/2022-4/30/2022
27,396
$ 10.06
-
452,533
5/1/2022-5/31/2022
9,355
9.97
-
443,178
6/1/2022-6/30/2022
-
-
-
443,178
Total
36,751
$ 10.04
-
443,178
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.