Item 2. Unregistered Sales of Equity Securities
Item 2.
Unregistered
Sales of Equity Securities and Use of Proceeds
The following table provides information regarding repurchases of our common stock during the fiscal quarter ended March 29, 2025:
Period
Total Number of Shares Purchased
Average Price Paid per Share (including commission)
Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs
Total Dollar Amount Purchased Under the Program
Maximum Number of Shares that May Yet Be Purchased Under the Plans or Programs
January 1 - January 25
211,335
$
16.84
211,335
$
3,558,436
3,268,336
January 26 - February 22
245,682
$
17.50
245,682
$
4,299,380
3,022,654
February 23 - March 29
271,543
$
17.24
271,543
$
4,680,136
2,751,111
Total
728,560
$
17.21
728,560
$
12,537,952
2,751,111
In 2022, our Board of Directors adopted a Stockholder Return Policy, which calls for us to return at least 70% of free cash flow, net of scheduled principal payments of long-term debt, on
an annual basis. We intend to return such amounts to stockholders directly, in the form of cash dividends, and/or indirectly, in the form of stock repurchases. The policy sets forth our intention, but does not obligate us to acquire any shares of
common stock or declare any dividends, and the policy may be terminated or suspended at any time at our direction, in accordance with applicable laws and regulations.
Item 3.
Defaults Upon
Senior Securities
Not applicable.
41
Item 4.
Mine Safety
Disclosures
Not applicable.
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.