TWIN DISC INC
For the period ended Sep 25, 2026. Filed Nov 4, 2026.
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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.
Sep 25, 2026 · Filed Nov 4, 2026
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Item 1A. Risk Factors
There have been no material changes to the risk factors previously disclosed in Part I, Item 1A, “Risk Factors,” of our 2026 Annual Report on Form 10-K.
| (a) | Unregistered Sales of Equity Securities |
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There were no securities of the Company sold by the Company during the quarter ended September 25, 2026 that were not registered under the Securities Act of 1933 in reliance upon an exemption from registration provided by Section 4(a)(2) of the Act.
| (b) | Use of Proceeds |
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Not applicable.
| (c) | Issuer Purchases of Equity Securities |
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Issuer Purchases of Equity Securities
| Period | (a) Total Number of Shares Purchased | (b) Average Price Paid per Share | (c) Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs | (d) Maximum Number of Shares that May Yet Be Purchased Under the Plans or Programs |
|---|---|---|---|---|
| July 1 – July 31, 2026 | 0 | NA | 0 | 315,000 |
| August 1 – August 28, 2026 | 118,029 | NA | 0 | 315,000 |
| August 29 – September 25, 2026 | 0 | NA | 0 | 315,000 |
| Total | 118,029 | NA | 0 | 315,000 |
The amounts shown in Column (a) above represent shares of common stock delivered to the Company as payment of withholding taxes due on the vesting of restricted stock and performance stock issued under the Twin Disc, Incorporated 2021 Long-Term Incentive Compensation Plans.
On February 1, 2008, the Board of Directors authorized the purchase of up to 500,000 shares of Common Stock at market values, of which 250,000 shares were purchased during fiscal 2009 and 125,000 shares were purchased during fiscal 2012. On July 27, 2012, the Board of Directors authorized the purchase of an additional 375,000 shares of Common Stock at market values. This authorization has no expiration. During the second quarter of fiscal 2013, the Company purchased 185,000 shares under this authorization. The Company did not make any purchases during the quarter ended September 25, 2026. As of September 25, 2026, 315,000 shares remain authorized for purchase.
The discussion of limitations upon the payment of dividends as a result of the Credit Agreement between the Company and BMO Harris Bank, N.A., as discussed in Part I, Item 2, "Management's Discussion and Analysis " under the heading "Financial Condition, Liquidity and Capital Resources," is incorporated herein by reference.
| Item 3. | Defaults Upon Senior Securities |
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None.
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