Good Times Restaurants Inc
For the period ended Mar 26, 2024. Filed May 2, 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 26, 2024 · Filed May 2, 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 |
|---|
The Company‘s Board of Directors authorized a $5.0 Million share repurchase program which became effective February 7, 2022. The authorization to repurchase will continue until the maximum value of shares is achieved or the Company terminates the program. The timing and actual number of shares repurchased will depend on a variety of factors, including price, general business and market conditions, and alternative investment opportunities. As of March 26, 2024 the Company has purchased 1,521,042 shares of its common stock pursuant to the share repurchase plan leaving approximately $752,000 available for repurchases under the plan.
Repurchases of common stock under the share repurchase plan during the fiscal quarter ended March 26, 2024 were as follows:
| Period | Total number of shares (or units) purchased | Average price paid per share (or unit) | Total number of shares (or units) purchased as part of publicly announced plans or programs | Maximum dollar value of shares that may yet be purchased under the plans or programs |
|---|---|---|---|---|
| 12/27/2023 – 1/23/2024 | 95,362 | $2.56 | 95,362 | |
| 1/24/2024 – 2/20/2024 | 92,830 | $2.51 | 92,830 | |
| 2/21/2024 – 3/26/2024 | 44,890 | $2.55 | 44,890 | |
| Total | 233,082 | 233,082 | $752,000 |
In addition, on February 14, 2024, outside of the publicly announced share repurchase program referred to above, the Board authorized the Company to purchase an aggregate of 19,414 shares from one non-executive employee for a purchase price of $2.60 per share.
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