SUBSEQUENT EVENT

12 Months Ended

Sep. 30, 2016

SUBSEQUENT EVENT

SUBSEQUENT EVENT

13. SUBSEQUENT EVENT:

On October 25, 2016 the Compensation Committee of the Company’s Board of Directors awarded long-term incentive equity awards to members of the Company’s executive management team totaling 13,000 awards that include a graded vesting schedule over three years that may ultimately be settled in stock or cash.

At the same time, the Company’s Board of Directors replenished the number of shares authorized for repurchase under AMCON’s existing Common Stock repurchase program. The program provides for the purchase of up to 50,000 shares of AMCON’s common stock; the shares may be purchased from time to time in open market or negotiated transactions.