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Shareholders' Equity and Stock-Based Compensation
12 Months Ended
Sep. 30, 2024
Equity [Abstract]  
Shareholders' Equity and Stock-Based Compensation
NOTE 11 – SHAREHOLDERS’ EQUITY AND STOCK-BASED COMPENSATION
Shareholders’ Equity
Under the Company’s Certificate of Incorporation, as amended, certain rights of the holders of the Company’s common stock are modified by shares of Class B stock for as long as such shares shall remain outstanding. During that period,
holders
of common stock will have the right to elect approximately 25% of the Company’s Board of
Directors
, and conversely, holders of Class B stock will be entitled to elect approximately 75% of the Company’s Board of Directors. During the period when shares of common stock and Class B stock are outstanding, certain matters submitted to a vote of shareholders will also require approval of the holders of common stock and Class B stock, each voting separately as a class. Common stock and Class B shareholders have equal rights with respect to dividends, preferences, and rights, including rights in liquidation.
Stock-Based Compensation
There were no equity compensation plans and arrangements previously approved by security holders as of September 30, 2024 and 2023.