LINCOLN EDUCATIONAL SERVICES CORP
For the period ended Sep 30, 2024. Filed Nov 12, 2024.
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Sep 30, 2024 · Filed Nov 12, 2024
LINC$23.00+4.5%Stored close · as of Nov 10, 2026
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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 repurchases of up to $30.0 million of the Company’s Common Stock. On February 27, 2023, the Board of Directors extended the share repurchase program for an additional 12 months and authorized an additional $10.0 million in repurchases, for an aggregate of up to $30.6 million in additional repurchases. On May 7, 2024, the Company announced that its Board of Directors had authorized an extension of the share repurchase program for an additional 12 months through May 24, 2025. The Company did not repurchase any additional shares in the three months ended September 30, 2024, as reflected in the table below, and has approximately $29.7 million remaining for additional repurchases under the program. |
| 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 | |||||
|---|---|---|---|---|---|
| July 1, 2024 to July 31, 2024 | - | $ | - | - | $29,663,667 |
| August 1, 2024 to August 31, 2024 | - | - | - | - | |
| September 1, 2024 to September 30, 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.
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