Item 2. Unregistered Sales of Equity Securities
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds
The following table details purchases by UTMD of its own securities during 1Q 2025.
ISSUER PURCHASES OF EQUITY SECURITIES
Period
(a)
Total number of shares purchased (1)
(b)
Average price paid per share (1)
(c)
Total number of shares purchased as part of publicly announced plans or programs (1)
(d)
Maximum number (or approximate dollar value) of shares that may yet be purchased under the plans or programs (1)
01/01/25 - 01/31/25
13,840
60.75
N/A
N/A
02/01/25 – 02/28/25
13,885
60.01
N/A
N/A
03/01/25 – 03/31/25
25,615
58.36
N/A
N/A
Total
53,340
59.41
N/A
N/A
1) None of the shares were purchased as part of a publicly announced plan and all were purchased on the open market.
The frequency of UTMD’s open market share repurchases depends on the availability of sellers and the price of the stock. The board of directors has not established an expiration date or a maximum dollar or share limit for UTMD’s continuing and long-term pattern of open market share repurchases since 1992.
The purpose of UTMD’s ongoing share repurchases is to maximize the value of the Company for its continuing stockholders, and maximize its return on stockholder equity by employing excess cash generated by effectively managing its business . UTMD does not intend to repurchase shares that would result in terminating its Nasdaq Global Market listing.
Please see item 9) Subsequent Events in the Notes to Financial Statements for shares repurchased in April 2025.
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Item 6. Exhibits
Exhibit #
SEC Reference #
Title of Document
31.1
31
Certification of CEO pursuant to Rule 13a-14(a) as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002
31.2
31
Certification of Principal Financial Officer pursuant to Rule 13a-14(a) as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002
32.1
32
Certification of CEO pursuant to 18 U.S.C. §1350, as Adopted Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002
32.2
32
Certification of Principal Financial Officer pursuant to 18 U.S.C. §1350, as Adopted Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002
101.ins
101 ins
XBRL Instance
101.sch
101.sch
XBRL Schema
101.cal
101.cal
XBRL Calculation
101.def
101.def
XBRL Definition
101.lab
101.lab
XBRL Label
101.pre
101.pre
XBRL Presentation
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SIGNATURES
Pursuant to the requirements of the Securities Exchanges Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.
UTAH MEDICAL PRODUCTS, INC.
REGISTRANT
Date: 5/13/25 By: /s/ Kevin L. Cornwell
Kevin L. Cornwell
CEO
Date: 5/13/25 By: /s/ Brian L. Koopman
Brian L. Koopman
Principal Financial Officer
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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.