XML 36 R25.htm IDEA: XBRL DOCUMENT v3.21.1
Subsequent Events
12 Months Ended
Dec. 31, 2020
Subsequent Events  
19. Subsequent Events

Note 19 - Subsequent Events

 

The Company has evaluated events that occurred subsequent to December 31, 2020 through March 31, 2021, the date these consolidated financial statements were issued, for matters that required disclosure or adjustment in these consolidated financial statements.

 

Dividends Declared and Paid

 

On February 1, 2021, the Company announced that its Board of Directors approved a quarterly dividend of $0.04 per share payable in cash on March 15, 2021 to stockholders of record as of the close of business on February 26, 2021 (see Note 12).

 

Restricted Stock Awards

 

Pursuant to the terms of the Relinquishment Agreement between the Company and Mr. Thatcher, effective January 27, 2021, Mr. Thatcher relinquished his right to receive 14,077 unissued Shares which vested on January 1, 2021, the right to receive 11,905 Shares which were scheduled to vest on March 14, 2021 and the right to receive 14,076 Shares which were scheduled to vest on January 1, 2022 in full consideration of the payment by the Company of an aggregate of $280,406 (see Note 17).