Company: IWSH
Filing Date: 2025-03-27
Form Type: 10-K
Source: 0001214659-25-004885
Chunk: 105

Company: Wright Investors Service Holdings, Inc.
Filing Date: 2025-03-27
Form: 10-K
Item: Item 1B
Chunk 105
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 2025 and 2045.
The Company’s capital loss carryforward of approximately $2,371,000 expired during 2023.

    6.
    Capital Stock

The Company’s Board of Directors, without
any vote or action by the holders of common stock, is authorized to issue preferred stock from time to time in one or more series and
to determine the number of shares and to fix the powers, designations, preferences and relative, participating, optional or other special
rights of any series of preferred stock.

The Board of Directors authorized the Company
to repurchase up to 5,000,000 outstanding shares of common stock from time to time either in open market or privately negotiated
transactions. The Company did not repurchase any common stock during the year ended December 31, 2024 and December 31, 2023. At December
31, 2024 and 2023, the Company had repurchased an aggregate of 2,234,721 shares of its common stock and a total of 2,765,279 remained
available for repurchase at December 31, 2024 and 2023. 

On March 9, 2023, there were 285,000 shares
of Company common stock issued to the independent directors of the Company, for payment of quarterly directors’ fees due to them
for services in 2022, which were classified as issuable at December 31, 2022. The equity compensation awards were issued pursuant
to the exemption from the registration requirements of Section 5 of the Securities Act of 1933 (“1933 Act”) provided by Section
4(a)(2) of the 1933 Act.

In March 2023, the Company
amended its Directors’ Compensation Program for Directors who are not employees of the Company to provide that effective January
1, 2023 and as long as the Company remains a shell company (i) the issuance of any annual stock compensation for Directors serving as
a member of the Board or a committee of the Board shall be terminated, and (ii) the payment of any cash compensation for attendance in
person or by telephone of meetings of the Board or committees of the Board shall be terminated.

    7.
    Incentive stock plans and stock-based compensation

Common stock options

The Company adopted a stock-based compensation
plan for employees and non-employee members of its Board of Directors in November 2003 (the “200