{"url_path":"/sec/feim/10-k/2026/item-5","section_key":"item-5","section_title":"Item 5 Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities","topic":"sec","document":{"doc_type":"10-K","doc_date":"2026-07-17","source_url":"https://www.sec.gov/Archives/edgar/data/39020/0001185185-26-002997-index.html","accession_number":"0001185185-26-002997","cik":"0000039020","ticker":"FEIM","issuer_name":"FREQUENCY ELECTRONICS INC","edgar_url":"https://www.sec.gov/Archives/edgar/data/39020/0001185185-26-002997-index.html","primary_entity_key":"0000039020","primary_entity_name":"FREQUENCY ELECTRONICS INC"},"word_count":459,"has_tables":true,"body_markdown":"Item\n5. Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities\n\n \n\nThe common stock of the Company\nis listed on The Nasdaq Global Market (“NASDAQ”) under the ticker symbol “FEIM.” As of July 8, 2026, the approximate\nnumber of holders of record of common stock was 613.\n\n \n\nDIVIDEND\nPOLICY\n\n \n\nNo\ndividends were declared or paid during fiscal year 2026. In the past, we have declared special dividends from time to time; however,\nany future determinations as to the declaration of dividends on our common stock will be made at the discretion of the Board of Directors\nand will depend on our earnings, operating and financial conditions, capital requirements, Credit Agreement restrictions, and other factors\ndeemed relevant by the Board of Directors.\n\n \n\nThe\nCredit Agreement currently restricts our ability to declare and pay dividends on our common stock if certain total leverage and minimum\nfixed charge coverage covenants are not met, and our ability to declare and pay dividends on our common stock may further be restricted\nby the provisions of other financing documents that we may enter into in the future or the terms of securities that we may issue from\ntime to time.\n\n \n\nPURCHASES\nOF EQUITY SECURITIES\n\n \n\nThere\nwere no sales of unregistered equity securities during the quarter ended April 30, 2026.\n\n \n\nThe\nfollowing table presents the share-repurchase activity for the quarter ended April 30, 2026:\n\n \n\nPeriod \nTotal\n\nnumber of\n\nshares\n\npurchased\n(1) (2)  \nAverage price\n\npaid per share  \nTotal\n\nnumber of\n\nshares\n\npurchased as\n\npart of the\n\npublicly\n\nannounced plan\n\nor program  \nApproximate\n\ndollar value of\n\nshares that may\n\nyet be\n\npurchased\n\nunder the plan\n\nor program \n\nFebruary 1 - 28, 2026 \n -  \n$-  \n -  \n$19,009,026 \n\nMarch 1 - 31, 2026 \n -  \n -  \n -  \n$19,009,026 \n\nApril 1 - 30, 2026 \n -  \n -  \n -  \n$19,009,026 \n\nTotal \n          -  \n              \n        -  \n$19,009,026 \n\n \n\n(1)In\nMarch 2005, the Company’s Board of Directors authorized the repurchase of up to $5.0 million worth of shares of the Company’s\ncommon stock. On September 9, 2025, the Company’s Board of Directors approved a new share repurchase authorization in the amount\nof $20.0 million. Under this new share repurchase authorization, the Company’s shares of common stock may be purchased on a discretionary\nbasis from time to time, subject to general business and market conditions, other investment opportunities, and compliance with the covenants\nunder the Credit Agreement, through open market purchases, privately negotiated transactions or other means. This repurchase program\nmay be suspended or discontinued at any time without notice. The new share repurchase authorization replaced the Company’s prior\nshare repurchase authorization under which approximately $0.6 million remained. This new share repurchase authorization does not have\nan expiration date.\n\n \n\n(2)There\nwere no shares withheld or otherwise repurchased during the quarter ended April 30, 2026."}