Stockholders' Equity Transactions |
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| Stockholders' Equity Transactions | NOTE 11 – Stockholders’ Equity Transactions Dividends The following table summarizes information about dividends declared by the Company for the Fiscal years ended June 30, 2026, 2025 and 2024:
Shares Withheld As permitted under the terms of our employee stock option plans, we may withhold shares of common stock in connection with the exercise of stock options issued to employees to satisfy applicable tax withholding requirements. These withheld shares are not issued or considered common stock repurchases under our stock repurchase program. We paid $1,541,000 in tax withholdings related to the exercise of employee stock options during the fiscal year ended June 30, 2026. No tax withholdings related to the exercise of employee stock options were paid during the fiscal years ended June 30, 2025 and 2024, respectively. Common Shares Repurchases On September 16, 2014, the Company’s Board of Directors authorized the repurchase of up to 2 million of the shares of the Company’s common stock then outstanding. In December of Fiscal 2018, the Board of Directors authorized the repurchase of up to an additional 1 million shares, and in November of Fiscal 2025, the Board of Directors authorized the repurchase of up to an additional 1 million shares. Such purchases may be made from time to time in the open market or in privately negotiated transactions subject to market conditions and the market price of the common stock. The Company currently has 359,741 available shares that can be repurchased under these authorizations. There were no repurchases of shares for the years ended June 30, 2026 or 2024, respectively The following table summarizes information about shares repurchased by the Company for the Fiscal year ended June 30, 2025:
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