Company: NEOG
Filing Date: 2025-01-15
Form Type: 10-Q
Source: 0000950170-25-005818
Chunk: 51

Company: NEOGEN CORP
Filing Date: 2025-01-15
Form: 10-Q
Item: Item 4
Chunk 51
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 Manager. 

Changes in Internal Controls over Financial Reporting 

Other than with respect to the remediation efforts in connection with the material weaknesses described above, no changes in our internal control over financial reporting were identified as having occurred during the quarter ended November 30, 2024 that have materially affected, or are reasonably likely to materially affect, internal control over financial reporting. 

PART II – OTHER INFORMATION 

Item 1.  Legal Proceedings 

For a description of our material pending legal proceedings, see Note 8. “Commitments and Contingencies” of the Notes to interim condensed consolidated financial statements included in Part I, Item 1 of this Quarterly Report on Form 10-Q, which is incorporated by reference. 

Item 1A.  Risk Factors 

This Form 10-Q should be read in conjunction with Part I Item 1A “Risk Factors” in our Annual Report on Form 10-K for the year ended May 31, 2024. There have been no material changes in the risk factors described in our Annual Report on Form 10-K for the year ended May 31, 2024. 

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Item 2.  Unregistered Sales of Equity Securities and Use of Proceeds

In October 2018, the Company’s Board of Directors authorized a program to purchase, subject to market conditions, up to 6,000,000 shares of the Company’s common stock. The program does not have any scheduled expiration date.  As of November 30, 2024, a total of 5,900,000 shares of common stock remained available for repurchase under this program. The following is a summary of share repurchase activity during the fiscal quarter ended November 30, 2024:

    Period
     
    Shares Purchased

    Average Price Paid per Share

    Shares Purchased as Part of Publicly Announced Plans or Programs

    Maximum Number of Shares That May Yet Be Purchased Under the Plans or Programs

    September 2024

    —

    —

    —

    5,900,000

    October 2024

    —

    —

    —

    5,900,000

    November 2024

    —

    —

    —

    5,900,000

    Total

    —

    —

    —

    5,900,000

Items 3 and 4 are not applicable or removed or reserved and have been omitted.