Item 5. OTHER INFORMATION
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Item 5. OTHER INFORMATION
OTHER INFORMATION
Rule 10b5-1 Trading Arrangements
During the three months ended September 30, 2023, (i)
Stanley M. Bergman
, the Company’s
Chairman of the
Board and Chief Executive Officer
, on behalf of himself and a family trust for which his wife serves
as co-trustee,
and (ii)
James P. Breslawski
, the Company’s
Vice Chairman and President
, each
adopted
a Rule
10b5-1
trading
arrangement which is a trading plan for the future sale of securities that
is intended to satisfy the affirmative
defense of Exchange Act
Rule
10b5-1
(c), as well as the requirements of the Company’s insider trading policy. Each
plan is subject to an initial “cooling off” period during which there may be no transactions
between the adoption
date and a date that is the later of 90 days or two business days following
the Company’s filing of its next quarterly
report on Form 10-Q or Annual Report on form 10-K.
On
September 8, 2023
, Mr. Bergman and the Bergman
Family 2010 Trust #2 adopted the trading plan to sell a total of
56,886
shares (
40,152
shares to be sold by Mr.
Bergman and
16,734
shares to be sold by the Bergman Family 2010 Trust #2) based on limit orders at specified
prices, with a term of eight months (
i.e.,
through May 7, 2024).
On
September 19, 2023
, Mr. Breslawski adopted
the trading plan to sell
9,085
shares based on limit orders at specified prices, with a term through
December 31,
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