AdaptHealth Corp
For the period ended Dec 31, 2023. Filed Feb 27, 2024.
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FY2023 · Filed Feb 27, 2024
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Item 5. Market Information
Our Common Stock is currently listed on Nasdaq under the symbol “AHCO.” As of February 23, 2024, there were 41 holders of record of shares of our Common Stock. Such number does not include beneficial owners holding our securities through nominee names.
Dividend Policy
We have not paid any cash dividends on our Common Stock to date. The payment of cash dividends in the future will be dependent upon our revenues and earnings, if any, capital requirements and general financial condition. The payment of any cash dividends will be within the discretion of our board of directors at such time. In addition, our board of directors is not currently contemplating and does not anticipate declaring any stock dividends in the foreseeable future. Further, our ability to declare dividends may be limited by restrictive covenants contained in any of our existing or future indebtedness.
Securities Authorized for Issuance Under Equity Compensation Plans
See Part III, Item 12 of this Form 10-K for additional information required.
Recent Sales of Unregistered Securities
We had no sales of unregistered equity securities during the period covered by this report that were not previously reported in a Quarterly Report on Form 10-Q or a Current Report on Form 8-K.
Issuer Purchases of Equity Securities
The following table shows information with respect to purchases of our Common Stock made during the three months ended December 31, 2023 by us or any of our “affiliated purchasers” as defined in Rule 10b-18(a)(3) under the Exchange Act:
| Period · Total number of sharespurchased (1) · Average price paid pershare (1) · Total number of shares purchased as part of publiclyannounced plans or programs (1) · Approximate dollar amount remaining that may be used to purchaseshares under the plans or programs (in thousands) (1) | |||||
|---|---|---|---|---|---|
| October 1 - 31, 2023 | 2,227,312 | $7.88 | 2,227,312 | $159,252 | |
| November 1 - 30, 2023 | 324,935 | $7.51 | 324,935 | $156,811 | |
| December 1 - 31, 2023 | — | $— | — | $156,811 | |
| Total | 2,552,247 | 2,552,247 | |||
(1)The Company’s board of directors authorized a share repurchase program for up to $200.0 million of the Company’s Common Stock, which expired on December 31, 2023.
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