SCANSOURCE INC
For the period ended Dec 31, 2023. Filed Feb 6, 2024.
View on SEC.govAbout this filing
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.
Dec 31, 2023 · Filed Feb 6, 2024
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Unregistered Sales of Equity Securities and Use of Proceeds
| Item 2. | Unregistered Sales of Equity Securities and Use of Proceeds |
|---|
Share Repurchases
In August 2021, our Board of Directors authorized a $100 million share repurchase program. The authorization does not have any time limit.
The following table presents the share-repurchase activity for the quarter ended December 31, 2023 (in thousands except share and per share data):
| Period · Total number of shares purchased (1) · Average price paid per share · Total number of shares purchased as part of the publicly announced plan or program · Approximate dollar value of shares that may yet be purchased under the plan or program | ||||||
|---|---|---|---|---|---|---|
| October 1 - 31, 2023 | — | — | — | $ 66,163,962 | ||
| November 1 - 30, 2023 | 32,567 | $ 32.73 | — | $ 66,163,962 | ||
| December 1 - 31, 2023 | 36,544 | $ 34.29 | 36,305 | $ 64,913,399 | ||
| Total | 69,111 | 36,305 | $ 64,913,399 | |||
(1)Includes 32,806 shares withheld from employees' stock-based awards to satisfy required tax withholding obligations for the months of November and December 2023. There were no shares withheld during the month of October 2023.
Dividends
We have never declared or paid a cash dividend. Under the terms of our credit facility, the payment of cash dividends is restricted.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.