G III APPAREL GROUP LTD DE
For the period ended Jan 31, 2024. Filed Mar 25, 2024.
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FY2024 · Filed Mar 25, 2024
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Item 5. Market For Common Stock
The Nasdaq Global Select Market is the principal United States trading market for our common stock. Our common stock is traded under the symbol “GIII”.
On March 21, 2024, there were 16 holders of record and, we believe, approximately 21,300 beneficial owners of our common stock.
Dividend Policy
Our Board of Directors (the “Board”) currently intends to follow a policy of retaining any earnings to finance the growth and development of our business. Any future determination as to the payment of cash dividends will be dependent upon our financial condition, results of operations and other factors deemed relevant by the Board.
Issuer Purchases of Equity Securities
The following table sets forth the repurchases of shares of our common stock during the fourth quarter of fiscal 2024:
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|---|---|---|---|---|---|---|---|---|---|
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| Date Purchased · · Total Number of Shares Purchased (1) (2) · · Average Price Paid Per Share (1) · · Total Number of Share Purchased as Part of Publicly Announced Program (2) · · Maximum Number of Shares that may yet be Purchased Under the Program (2) | |||||||||
| November 1 - November 30, 2023 | | — | | $— | | — | | 10,000,000 | |
| December 1 - December 31, 2023 | | 1,301 | | | 29.17 | | — | | 10,000,000 |
| January 1 - January 31, 2024 | | — | | | — | | — | | 10,000,000 |
| | | 1,301 | | $29.17 | | — | | 10,000,000 | |
| (1) | Included in this table are 1,301 shares withheld during December 2023 in connection with the settlement of vested restricted stock units to satisfy tax withholding requirements. Our 2015 Long-Term Incentive Plan provides that shares withheld are valued at the closing price per share on the date withheld. |
| (2) | In August 2023, our Board of Directors reapproved our previously authorized share repurchase program and increased the number of shares remaining under that program from 6,813,851 to 10,000,000 shares. This program has no expiration date. Repurchases under the program may be made from time to time through open market purchases, accelerated share repurchase programs, privately negotiated transactions or other methods, as we deem appropriate. |
Performance Graph
The following Performance Graph and related information shall not be deemed to be “soliciting material” or “filed” with the SEC, nor shall such information be incorporated by reference into any future filing under the Securities Act of 1933 or the Securities Exchange Act of 1934, each as amended, except to the extent that we specifically request that it be treated as soliciting material or incorporate it by reference into such filing.
The SEC requires us to present a chart comparing the cumulative total stockholder return on our Common Stock with the cumulative total stockholder return of (i) a broad equity market index and (ii) a published industry index or peer group. This chart compares the Common Stock with (i) the S&P 500 Composite Index and (ii) the S&P 500 Textiles, Apparel and Luxury Goods Index, and assumes an investment of $100 on January 31, 2019 in each of the Common Stock, the stocks comprising the S&P 500 Composite Index and the stocks comprising the S&P 500 Textiles, Apparel and Luxury Goods Index.
G-III Apparel Group, Ltd.
Comparison of Cumulative Total Return
(January 31, 2019 — January 31, 2024)
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.