SUBSEQUENT EVENTS |
12 Months Ended |
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Dec. 31, 2019 | |
SUBSEQUENT EVENTS | |
NOTE P - SUBSEQUENT EVENTS |
[1] On February 19 2020, the Company s Board of Directors declared a semi-annual cash dividend of $0.05 per share with a payment date of March 31, 2020 to all common shareholders of record as of March 16, 2020. [2] On February 19, 2020, the Company s Board of Directors approved the grant of 15,000 RSUs to each of the Company three non-management directors. The RSUs vest over a one year period in equal quarterly installments of 3,750 shares of common stock on each of March 15, 2020, June 15, 2020, September 15, 2020 and December 15, 2020.
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- References No definition available.
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- Definition The entire disclosure for significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, catastrophic loss, significant foreign exchange rate changes, loans to insiders or affiliates, and transactions not in the ordinary course of business. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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