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Note 8 - Stockholders' Equity

6 Months Ended

Feb. 29, 2020

Notes to Financial Statements

Stockholders' Equity Note Disclosure [Text Block]

8. STOCKHOLDERS’ EQUITY

On

June 3, 2019,

the Company’s Board of Directors declared a

two

-for-

one

stock split of the Company’s common stock effected in the form of a

100%

share dividend distributed on

June 28, 2019

to record holders as of

June 17, 2019.

All share and per share values have been adjusted to retroactively reflect the effect of the

two

-for-

one

stock split.

During the

six

months ended

February

29,

2020,

the Company’s Board of Directors declared cash dividends on the following dates in the following amounts to the following holders of the Company’s common stock:

Declaration Date	Amount	Record Date	Payable Date
October 22, 2019	$0.065	November 6, 2019	November 20, 2019
January 22, 2020	$0.065	February 5, 2020	February 19, 2020

During the

six

months ended

February 28, 2019,

the Company’s Board of Directors declared cash dividends on the following dates in the following amounts to the following holders of the Company’s common stock:

Declaration Date	Amount	Record Date	Payable Date
October 24, 2018	$0.06	November 7, 2018	November 21, 2018
January 23, 2019	$0.06	February 6, 2019	February 22, 2019

During the

six

months ended

February

29,

2020

and

February 28, 2019,

the Company repurchased

no

shares of its common stock.

During the

six

months ended

February

29,

2020,

the Company granted stock options under the Northern Technologies International Corporation

2019

Stock Incentive Plan (the

2019

Plan) to purchase an aggregate of

300,770

shares of its common stock to various employees and directors. The weighted average per share exercise price of the stock options is

$10.87,

which was equal to the fair market value of the Company’s common stock on the date of grant. During the

six

months ended

February

29,

2020,

no

stock options to purchase common stock were exercised.

During the

six

months ended

February 28, 2019,

the Company granted stock options under the Northern Technologies International Corporation Amended and Restated

2007

Stock Incentive Plan (the

2007

Plan) to purchase an aggregate of

141,767

shares of its common stock to various employees and directors. The weighted average per share exercise price of the stock options is

$18.23,

which was equal to the fair market value of the Company’s common stock on the date of grant. During the

six

months ended

February 28, 2019,

no

stock options to purchase common stock were exercised.

The Company issued

3,597

and

1,748

shares of common stock on

September 1, 2019

and

2018,

respectively, under the Northern Technologies International Corporation Employee Stock Purchase Plan (the ESPP).

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- References

No definition available.

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- Definition

The entire disclosure for shareholders' equity comprised of portions attributable to the parent entity and noncontrolling interest, including other comprehensive income. Includes, but is not limited to, balances of common stock, preferred stock, additional paid-in capital, other capital and retained earnings, accumulated balance for each classification of other comprehensive income and amount of comprehensive income.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-URI http://asc.fasb.org/topic&trid=2208762

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