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SUBSEQUENT EVENTS
3 Months Ended
Mar. 31, 2023
SUBSEQUENT EVENTS  
SUBSEQUENT EVENTS

15 – SUBSEQUENT EVENTS

On April 3, 2023, the Company made a voluntary debt repayment of $8,750 under the $450 Million Credit Facility.

On April 3, 2023, the Company’s Board of Directors awarded a grant of 1,630 RSUs to an individual under the 2015 Plan.

On April 14, 2023, the Company’s Board of Directors awarded grants of 75,920 RSUs to certain individuals under the 2015 Plan. The awards generally vest ratably on each of the three year anniversaries of February 23, 2023. Additionally, on April 14, 2023, the Company’s Board of Directors awarded grants of 75,920 performance based restricted stock units (“PRSUs”) to certain individuals that are contingent upon the Company’s relative total shareholder return and return on invested capital for a three-year performance period ending December 31, 2025. The PRSUs, if earned, will vest during the first quarter of 2026.

On May 3, 2023, the Company announced a regular quarterly dividend of $0.15 per share to be paid on or about May 23, 2023 to shareholders of record as of May 16, 2023. The aggregate amount of the dividend is expected to be approximately $6.5 million, which the Company anticipates will be funded from cash on hand at the time the payment is to be made.