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Purchases of Equity Securities by the Issuer and Affiliated Purchasers
−Removed: The following table provides the repurchases of our common stock during the fiscal quarter ended October 31, 2024:
+Added: The following table provides the repurchases of our common stock during the fiscal quarter ended April 30, 2025:
Period Total Number of Shares Purchased Average Price Paid per Share (a) Total Number of Shares Purchased as Part of Publicly Announced Programs Maximum Number of Shares (or Approximate Dollar Value) that May Yet be Purchased Under the Programs (b)
−Removed: August 2024 — — — $ 3,501,551
−Removed: September 2024 — — — $ 3,501,551
−Removed: October 2024 — — — $ 3,501,551
+Added: February 2025 348,944 $ 11.46 348,944 $ 7,190,210
+Added: March 2025 — — — $ 7,190,210
+Added: April 2025 — — — $ 7,190,210
+Added: Total 348,944 348,944
(a) The average price paid per share includes any broker commissions.
−Removed: (b) On December 5, 2023, the Board of Directors authorized the repurchase of up to $5.0 million of the Company's common stock, which repurchase program was publicly announced on December 8, 2023.
−Removed: The repurchase program does not obligate the Company to acquire a minimum amount of shares.
−Removed: Under the repurchase program, shares may be repurchased in privately negotiated or open market transactions, including under plans complying with Rule 10b5-1 under the Exchange Act.
−Removed: The repurchase program has no time limit and may be suspended or discontinued at any time.
−Removed: The actual dollar value of shares that may be repurchased in any fiscal year plus cash dividends during such fiscal year is limited to an aggregate of $5,000,000 under our Credit Agreement with PNC Bank, which amount was increased to $8,000,000 commencing November 22, 2024, as further discussed above under “Note 7.
−Removed: Debt” to our Unaudited Consolidated Financial Statements.
+Added: (b) The Company may purchase shares of its common stock on a discretionary basis from time to time through open market repurchases, including by entering into Rule 10b5-1 trading plans.
+Added: The timing and actual number of shares repurchased will depend on a variety of factors, including stock price, trading volume, market conditions, corporate and regulatory requirements and other general business considerations.
+Added: The repurchase program has no time limit.
+Added: The actual dollar value of shares that may be repurchased in any fiscal year plus cash dividends during such fiscal year is also limited under our Credit Agreement with PNC Bank, as further discussed above under “Note 7.
+Added: Debt” to our Consolidated Financial Statements.
Defaults Upon Senior Securities
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Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.