CSP INC MA
For the period ended Jun 30, 2024. Filed Aug 19, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jun 30, 2024 · Filed Aug 19, 2024
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Item 2. Purchases of equity securities
On February 8, 2011, the Board of Directors authorized the Company to repurchase up to 500 thousand additional shares of the Company's outstanding common stock (retroactively adjusted for the effects of a stock split effected in the form of a 100% stock dividend, see Note 1 in this Form 10-Q) at market price. The plan does not expire. The stock repurchase program may be suspended, terminated, or modified at any time for any reason. As of May 14, 2020, we suspended our stock repurchase program until further economic clarity. The Board of Directors approved the activation of the suspended stock repurchase program on December 29, 2021.
Common stock of CSP Inc. may be repurchased on the open market at the discretion of management. Open market repurchases will be made in compliance with the Securities and Exchanges Commission’s Rule 10b-18 in addition to complying with applicable legal and other considerations. Below are the purchases that have been made for the three months ended June 30, 2024.
| · · · · · · · · | |||||||
|---|---|---|---|---|---|---|---|
| Period | Total number of shares purchased | | Average price paid per share | | Total number of shares purchased as part of publicly announced plans | | Maximum number that may yet be purchased under the repurchase plan |
| May 1-31, 2024 | 2,400 | | $14.56 | | 2,400 | | 339,854 |
| June 1-30, 2024 | 2,400 | | $14.42 | | 2,400 | | 337,454 |
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