VIRCO MFG CORPORATION 10-K

Item 5. Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities The NASDAQ Global Market is the principal market on which Virco Mfg. Corporation (VIRC) stock is traded. As of April 22, 2022, there were approximately 160 registered stockholders according to the Company's transfer agent records. As of such date, there were approximately 1,260 beneficial stockholders. Dividend Policy At present, we do not intend to pay cash dividends on the shares of our common stock. Our future dividend policy will be determined from time to time by our board of directors, taking into account the Company’s earnings and liquidity, among other factors. In addition, our Amended and Restated Credit Agreement with PNC Bank limits our ability to pay cash dividends to $3,000,000 in the aggregate during any fiscal year, provided that no default or event or default shall have occurred or be continuing under the Credit Agreement or result from any such dividend. In addition, under the Credit Agreement we must demonstrate pro forma compliance with a fixed charge coverage ratio of not less than 1.20:1.00 for the most recent twelve month period ending as of the fiscal quarter immediately preceding the date of such dividend. Stock Repurchases The Company did not repurchase any shares of its stock during 2022 and 2021. Item 6. [Reserved]