GULF RESOURCES INC
For the period ended Dec 31, 2023. Filed Sep 27, 2024.
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FY2023 · Filed Sep 27, 2024
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Item 5. Market for Our Common Stock
Our common stock is listed for trading on the NASDAQ Global Select Market, or NASDAQ, under the symbol “GURE”.
Dividends
We have never paid cash dividends on our common stock. Holders of our common stock are entitled to receive dividends, if any, declared and paid from time to time by the Board of Directors out of funds legally available. We intend to retain any earnings for the operation and expansion of our business and do not anticipate paying cash dividends in the foreseeable future. Any future determination as to the payment of cash dividends will depend upon future earnings, results of operations, future expansion of bromine and crude salt business and other, capital requirements, our financial condition and other factors that our Board of Directors may consider.
Equity Compensation Plan Information
2019 Incentive Stock Plan
On December 18, 2019, the Company’s Annual General Meeting adopted and approved the 2019 Omnibus Equity Incentive Plan of Gulf Resources, Inc.(the”2019 Plan”). Under the 2019 Plan, the Company has reserved a total of 2,068,398 shares of common stock for issuance as or under awards to be made to the directors, officers, employees and/or consultants of the Company and its subsidiaries.
On November 30, 2021, the Company’s Annual General Meeting approved to amend the 2019 Plan to increase the number of shares of common stock authorized for issuance under the plan by 900,000 shares.
All shares of common stock under the 2019 Plan, as amended, including shares originally authorized by equity holders and shares remaining for future issuance as of December 31, 2023, have been reserved.
Our Equity Compensation Plans
The following table provides information as of December 31, 2023 about our equity compensation plans and arrangements.
Equity Compensation Plan Information -as of December 31, 2023
| Plan category | Number of securities to be issued upon exercise of outstanding options, warrants and rights | Weighted-average exercise price of outstanding options, warrants and rights | Number of securities remaining available for future issuance under equity compensation plans (excluding securities reflected in column (a)) |
|---|---|---|---|
| (a) | (b) | (c) | |
| Equity compensation plans approved by security holders | -- | -- | 561,801 |
| Equity compensation plans not approved by security holders | -- | -- | -- |
| Total | -- | -- | 561,801 |
Purchases of Equity Securities by the Company and Affiliated Purchasers
None.
Recent Sales of Unregistered Securities
None.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.