Note O - Stockholders' Equity

3 Months Ended

Jun. 28, 2026

Notes to Financial Statements

Equity [Text Block]

NOTE O – STOCKHOLDERS’ EQUITY

1. Dividends

Effective June 9, 2026, as permitted under the Merger Agreement, the Board of Directors (the “Board”) declared its regular quarterly cash dividend of $0.50 per share for fiscal 2027, which was paid on June 30, 2026 to stockholders of record as of the close of business on June 22, 2026 (the “June 2026 Regular Cash Dividend”). After the payment of the June 2026 Regular Cash Dividend, the Company is no longer permitted to declare and pay any further dividends under the Merger Agreement.

2. Stock Repurchase Programs

In 2016, the Board authorized increases to the sixth stock repurchase plan for the purchase of up to 1,200,000 shares of its common stock on behalf of the Company. As of June 28, 2026, Nathan’s had repurchased 1,101,884 shares at a cost of $39,000 under the sixth stock repurchase plan. At June 28, 2026 there were 98,116 shares remaining to be repurchased pursuant to the sixth stock repurchase plan. The plan does not have a set expiration date. Purchases under the Company’s stock repurchase program may be made from time to time, depending on market conditions, in open market or privately negotiated transactions, at prices deemed appropriate by management. There is no set time limit on the repurchases.