LINCOLN EDUCATIONAL SERVICES CORP
For the period ended Mar 31, 2024. Filed May 6, 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.
Mar 31, 2024 · Filed May 6, 2024
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Unregistered Sales of Equity Securities and Use of Proceeds
| Item 2. | UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS |
|---|
| (a) | None. |
| (b) | None. |
| (c) | On May 24, 2022, the Company announced that the Board of Directors had approved a share repurchase program for 12 months authorizing purchases of up to $30.0 million. Subsequently, the Board of Directors extended the share repurchase program for an additional 12 months and authorized the repurchase of an additional $10.0 million of the Company’s Common Stock, for an aggregate of up to $30.6 million in additional repurchases. |
The following table presents the number and average price of shares purchased during the three months ended March 31, 2024. The remaining authorized amount for share repurchases under the program as of March 31, 2024 was approximately $29.7 million.
| Period · Total Number of Shares Purchased · Average Price Paid per Share · Total Number of Shares Purchased as Part of Publically Announced Plan · Maximum Dollar Value of Shares Remaining to be Purchased Under the Plan | |||||
|---|---|---|---|---|---|
| January 1, 2024 to January 31, 2024 | - | $ | - | - | $29,663,667 |
| February 1, 2024 to February 29, 2024 | - | - | - | - | |
| March 1, 2024 to March 31, 2024 | - | - | - | - | |
| Total | - | - | - | ||
For more information on the share repurchase plan, see Part I, Item 1. “Notes to Condensed Consolidated Financial Statements”, Note 7 – Stockholders Equity.
Index
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