Company: HCKT
Filing Date: 2025-02-28
Form Type: 10-K
Source: 0000950170-25-030037
Chunk: 19

Company: HACKETT GROUP, INC.
Filing Date: 2025-02-28
Form: 10-K
Item: Item 1B
Chunk 19
---
 of March 21, 2025, to be paid on April 4, 2025. The declaration of dividends shall at all times be subject to the final determination of our Board of Directors that a dividend is prudent and lawful at that time in consideration of the needs of the business and other factors including the ability to pay dividends under our credit agreement.

Purchases of Equity Securities

We have an ongoing authorization from our Board of Directors to repurchase shares of our common stock. Repurchases under this program are discretionary and are made in the open market or through privately negotiated transactions, subject to market conditions and trading restrictions. In October 2024 our Board of Directors approved an additional $20.0 million authorization under the program. The following table summarizes our share repurchases during the year ended December 27, 2024 under this authorization:

    Total Number

    Maximum Dollar

    of Shares Purchased

    Value of Shares That

    Total Number

    Average

    as Part of Publicly

    May Yet Be Purchased

    of Shares

    Price Paid

    Announced

    Under the

    Period
     
    Purchased

    per Share

    Program

    Program

    Balance as of December 29, 2023

    $
    13,937,978

    December 30, 2023 to March 29, 2024

    43,351

    $
    24.34

    43,351

    $
    12,882,815

    March 30, 2024 to June 28, 2024

    —

    $
    —

    —

    $
    12,882,815

    June 29, 2024 to September 27, 2024

    64,887

    $
    26.77

    64,887

    $
    11,145,964

    September 29, 2024 to December 27, 2024

    117,308

    $
    30.95

    117,308

    $
    27,515,833

    225,546

    $
    28.47

    225,546

(1) On July 30, 2002, the Board of Directors approved and announced the repurchase program. There is no expiration date on the current authorization.

As of December 27, 2024, the Company’s Board