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This excerpt taken from the KTEC 10-K filed Dec 13, 2006. Common Stock Shares of the Company’s common stock are quoted on the Nasdaq Global Market under the symbol “KTEC”. The following table shows the high and low bid prices per share of the Company’s common stock by quarter for the two most recent fiscal years ending with the month of July 2006 and shows the high and low sales prices per share of the Company’s common stock for August - September 30, 2006:
The source of these quotations for the Company’s common stock was the Nasdaq OnlineSM Internet site. The Company had approximately 1,260 beneficial owners of its common stock, of which 156 are of record, as of December 1, 2006. The Company has not historically paid dividends on its common or preferred stock. The Board of Directors does not anticipate payment of any dividends in the foreseeable future and intends to continue its present policy of retaining earnings for reinvestment in the operations of the Company. The current credit facility with the Company’s principal domestic bank restricts the payment of dividends. As announced in September 2006, the Company initiated a stock repurchase program effective November 27, 2006. The Company may purchase up to 500,000 shares of its common stock under the program.
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