Note 11 - Shareholders' Equity |
12 Months Ended |
|---|---|
Dec. 31, 2025 | |
| Notes to Financial Statements | |
| Equity [Text Block] |
Repurchase of Common Stock
On February 24, 2025, Rocky Brands announced that its Board of Directors approved a share repurchase program of up to $7,500,000 of the Company's outstanding common stock, no par value per share. Under the repurchase program, which expired on February 24, 2026, common shares could be purchased in open market or privately negotiated transactions in compliance with the Securities and Exchange Commission Rule 10b-18, subject to market conditions, applicable legal requirements, and other relevant factors. This share repurchase program did not obligate the Company to acquire any particular amount of common stock and may have been suspended at any time at the Company's discretion.
During the year ended December 31, 2025, 10,456 shares of outstanding common stock were repurchased under the plan on the open market with an average price paid per share of $19.21. As of December 31, 2025, $7,299,140 remained available under the stock repurchase program for repurchase.
Preferred Shares
The Company has authorized
250,000
shares of voting preferred stock with no par value. No shares are issued or outstanding. Also, the Company has authorized
250,000
shares of non-voting preferred stock with no par value. Of these,
125,000
shares have been designated Series A non-voting convertible preferred stock with a stated value of per share, of which shares are issued or outstanding at
December 31, 2025 and 2024
.
|