Item 2. Unregistered Sales of Equity Securities
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds
On June 16, 2025, the Board approved the extension of the expiration date to August 31, 2026 for the 2023 Repurchase Plan, which became effective on September 1, 2023 and was set to expire August 31, 2025. We are authorized to acquire up to $50.0 million of our outstanding shares through this expiration date of August 31, 2026, of which $32.2 million remains available for the repurchase of shares of common stock as of May 31, 2025. The timing and amount of repurchases are based on terms and conditions as may be acceptable to the Company’s Chief Executive Officer and Chief Financial Officer, subject to present loan covenants and in compliance with all laws and regulations applicable thereto. During the nine months ended May 31, 2025, the Company repurchased 39,000 shares at an average price of $249.71 per share, for a total cost of $9.7 million under this $50.0 million plan.
The following table provides information with respect to all purchases made by the Company during the three months ended May 31, 2025. All purchases listed below were made in the open market at prevailing market prices and were executed pursuant to trading plans adopted by the Company pursuant to Rule 10b5-1 under the Exchange Act.
Total # of Shares
Purchased Average Price Paid
Per Share Total Shares Purchased
as Part of Publicly
Announced Plans
& Programs Max $ Value of Shares
That May Yet Be
Purchased Under the
Plans & Programs
Period
March 1 – March 31 5,000 $ 241.52 5,000 $ 34,000,165
April 1 – April 30 4,000 $ 234.14 4,000 $ 33,063,597
May 1 – May 31 3,750 $ 239.05 3,750 $ 32,167,146
12,750 $ 238.48 12,750
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