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Stock Repurchase Plan
9 Months Ended
Sep. 30, 2023
Stock Repurchase Plan  
Stock Repurchase Plan

6. Stock Repurchase Plan.

 

On August 28, 2023, the Company’s Board of Directors authorized the repurchase of up to 400,000 shares of the Company’s common stock. The plan allows the purchases to be made in the open market or in privately negotiated transactions. The plan does not obligate the Company to repurchase any particular number of shares; and may be suspended anytime at the Company’s discretion.

 

For the three months ended September 30, 2023 the Company repurchased 75,345 shares for $437,000.