Annual report [Section 13 and 15(d), not S-K Item 405]

Stockholders??? Equity

v3.25.3
Stockholders’ Equity
 12 Months Ended
Sep. 28, 2025
Equity [Abstract]  
Stockholders’ Equity

Note 12 — Stockholders’ Equity

 

Dividends

 

There were no dividends declared or paid during the twelve months ended September 28, 2025 or September 29, 2024.

 

Common stock

 

During the twelve months ended September 28, 2025, there were zero shares repurchased.

 

 

During the twelve months ended September 29, 2024, there were 110,868 common shares issued to officers and employees, net of tax withholding of $245 thousand, in settlement of 13,000 vested restricted stock units, and 135,000 vested performance shares.

 

During the twelve months ended September 28, 2025, the Company issued 16,885 shares to eleven employees in settlement of 24,000 restricted stock units, which vested during the twelve months. The shares were issued net of tax withholding of $47 thousand.

 

During the twelve months ended September 28, 2025, the Company issued 22,800 restricted shares to the three independent board members which will vest on January 1, 2026.

 

During the twelve months ended September 28, 2025, the Company issued 7,035 restricted shares to Mr. George pursuant to his employment as President of the Company. The shares were issued net of 2,965 shares which were withheld for taxes due upon the vesting date of January 1, 2026. The total fair value for the 10,000 shares was $120 thousand based on the stock price of $12.00 as of August 12, 2025.

 

As of September 28, 2025, and September 29, 2024, the total outstanding common shares were 6,920,658 and 6,873,938, respectively.