TWIN DISC INC 10-K

Item 5. Market for the Registrant's Common Stock, Related Stockholder Matters and Issuer Purchases of Equity Securities   The Company's common stock is traded on the NASDAQ Global Select Market under the symbol TWIN.       Fiscal Year Ended June 30, 2021     Fiscal Year Ended June 30, 2020   Quarter   High     Low     High     Low   First Quarter   $ 7.76     $ 4.66     $ 15.18     $ 9.60   Second Quarter     7.97       4.87       12.59       9.50   Third Quarter     10.35       7.35       11.61       6.06   Fourth Quarter     15.02       8.79       8.35       4.84     There were no dividend payments made in the fiscal years ended June 30, 2021 and 2020.   For information regarding the Company’s equity-based compensation plans, see the discussion under Item 12 of this report. As of August 20, 2021, shareholders of record numbered 403.   Recent Sales of Unregistered Securities   On May 13, 2019, the Company issued 139,347 shares of its common stock, valued at $1,991 ($14.29 per share), to settle its earn-out obligation under the June 13, 2018 Share Purchase Agreement entered into by Twin Disc NL Holding B.V., a wholly-owned subsidiary of the Company, with Het Komt Vast Goed B.V., the prior parent of Veth Propulsion Holding B.V. The shares were issued pursuant to Section 4(a)(2) of the Securities Act of 1933, as amended, as the Share Purchase Agreement was a privately negotiated transaction that involved substantial due diligence on the part of all parties, and the shares were issued to three entities related to Het Komt Vast Goed B.V.   Issuer Purchases of Equity Securities   Period (a) Total Number of Shares Purchased (b) Average Price Paid per Share (c) Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs (d) Maximum Number of Shares that May Yet Be Purchased Under the Plans or Programs March 27, 2021 – April 30, 2021 0 NA 0 315,000 May 1, 2021 – May 28, 2021 0 NA 0 315,000 May 29, 2021 - June 30, 2021 0 NA 0 315,000 Total 0 NA 0 315,000   On February 1, 2008, the Board of Directors authorized the purchase of up to 500,000 shares of Common Stock at market values, of which 250,000 shares were purchased during fiscal 2009 and 125,000 shares were purchased during fiscal 2012. On July 27, 2012, the Board of Directors authorized the purchase of an additional 375,000 shares of Common Stock at market values. This authorization has no expiration. During the second quarter of fiscal 2013, the Company purchased 185,000 shares under this authorization. The Company did not make any purchases during fiscal 2020 and 2021. As of June 30, 2021, 315,000 shares remain authorized for purchase.   12     Item 6. Selected Financial Data   Financial Highlights (in thousands, except per share amounts)   Fiscal Years Ended June 30,   Statement of Operations Data:   2021     2020     2019     2018     2017   Net sales   $ 218,581     $ 246,838     $ 302,663     $ 240,733     $ 168,182   Net (loss) income     (29,519 )     (39,571 )     10,796       9,647       (6,115 ) Net (loss) income attributable to Twin Disc     (29,719 )     (39,817 )     10,673       9,528       (6,294 ) Basic (loss) income per share attributable to Twin Disc common shareholders     (2.24 )     (3.03 )     0.84       0.82       (0.56 ) Diluted (loss) income per share attributable to Twin Disc common shareholders     (2.24 )     (3.03 )     0.83       0.82       (0.56 ) Dividends per share     -       -       -       -       -     June 30,   Balance Sheet Data   2021     2020     2019     2018     2017   Total assets   $ 275,413     $ 294,127     $ 346,870     $ 241,240     $ 210,898   Total long-term debt     32,085       42,587       42,491       4,824       6,323