Company: PLPC
Filing Date: 2025-07-31
Form Type: 10-Q
Source: 0000080035-25-000013
Chunk: 67

Company: PREFORMED LINE PRODUCTS CO
Filing Date: 2025-07-31
Form: 10-Q
Item: Part II, Item 2
Chunk 67
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ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS

On November 1, 2023, the Board of Directors authorized a new plan to repurchase up to an additional 212,952 of Preformed Line Products Company common shares, resulting in a total of 250,000 shares available for repurchase with no expiration date. The following table reflects repurchases for the three-month period ended June 30, 2025.

PeriodTotal Number of Shares PurchasedAveragePrice Paidper Share ($)Total Number ofShares Purchased asPart of PubliclyAnnounced Plans orProgramsMaximum Numberof Shares that mayyet be Purchased under the Plans orProgramsApril—$— —171,915May14,473$137.11 14,473157,442June2,555$143.27 2,555154,887Total17,028

ITEM 3. DEFAULTS UPON SENIOR SECURITIES

None.

ITEM 4. MINE SAFETY DISCLOSURES

None.

ITEM 5. OTHER INFORMATION

On July 30, 2025, PLPC and certain of its subsidiaries and PNC Bank, National Association ("PNC"), entered into a Joinder and Amendment No. 9 (the "Amendment") to the Amended and Restated Loan Agreement dated September 24, 2015, as amended between the parties (as amended, the "Amended Loan Agreement") and the Fifteenth Amended and Restated Line of Credit Note (as amended and restated, the "Amended Note"), which amended and restated the outstanding line of credit note under the Amended Loan Agreement. The Amended Loan Agreement and the Amended Note Provide for the Company's Facility under which it and certain subsidiaries were able to borrow up to $90 million prior to the amendment. The changes to the Facility caused by the Amendment and the Amended Note include (1) the reduction of the borrowing capacity from $90.0 million to $60.0 million and (2) the increase of the indebtedness limit secured by mortgages, security interests or other liens permitted from $35.0 million to $55.0 million. Copies of the Amendment and Amended Note are attached hereto as Exhibits 10.1 and 10.2, respectively

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ITEM 6. EXHIBITS AND FINANCIAL STATEMENT SCHEDULES

ExhibitNumberExhibit4.4Pre