{"url_path":"/sec/mxc/10-k/2026/item-5","section_key":"item-5","section_title":"Item 5 ****MARKET FOR REGISTRANT’S","topic":"sec","document":{"doc_type":"10-K","doc_date":"2026-06-29","source_url":"https://www.sec.gov/Archives/edgar/data/66418/0001493152-26-030386-index.html","accession_number":"0001493152-26-030386","cik":"0000066418","ticker":"MXC","issuer_name":"MEXCO ENERGY CORP","edgar_url":"https://www.sec.gov/Archives/edgar/data/66418/0001493152-26-030386-index.html","primary_entity_key":"0000066418","primary_entity_name":"MEXCO ENERGY CORP"},"word_count":858,"has_tables":true,"body_markdown":"**ITEM\n5.****MARKET FOR REGISTRANT’S\nCOMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES**\n\n \n\n**Market\nInformation**\n\n** **\n\nIn\nSeptember 2003, our common stock began trading on the NYSE American, formerly the American Stock Exchange and more recently the NYSE\nMKT, under the symbol “MXC”. Prior to September 2003, the Company’s common stock was traded on the over-the-counter\nbulletin board market under the symbol “MEXC”. The registrar and transfer agent is Issuer Direct Corporation, 500 Perimeter\nPark Drive, Suite D, Morrisville, North Carolina, 27560 (Tel: 877-481-4014). The following table sets forth certain information as to\nthe high and low sales price quoted for Mexco’s common stock on the NYSE American.\n\n \n\n \n   \nHigh  \nLow \n\n2026:\nApril\n- June 2025   \n$16.00  \n$5.89 \n\n \nJuly\n- September 2025   \n 9.45  \n 7.80 \n\n \nOctober\n- December 2025   \n 10.80  \n 8.36 \n\n \nJanuary\n- March 2026   \n 16.48  \n 8.65 \n\n \n   \n    \n   \n\n2025:\nApril\n- June 2024   \n$16.52  \n$9.84 \n\n \nJuly\n- September 2024   \n 14.10  \n 10.11 \n\n \nOctober\n- December 2024   \n 13.78  \n 10.55 \n\n \nJanuary\n- March 2025   \n 14.11  \n 7.55 \n\n \n\nOn\nMarch 31, 2026, the closing sales price of our common stock on the NYSE American was $10.22 per share.\n\n \n\n**Stockholders**\n\n** **\n\nAs\nof March 31, 2026, we had 2,239,283 shares issued and 808 shareholders of record, which does not include shareholders for whom shares\nare held in a “nominee” or “street” name. Of these issued shares, 193,283 are held in the treasury. As of March\n31, 2026, there were 2,046,000 shares outstanding.\n\n \n\n**Dividends**\n\n** **\n\nPrior\nto March 31, 2023, the Company had never paid a cash dividend to the Company’s shareholders. Payment of dividends is at the discretion\nof our Board of Directors (the “Board”) after considering many factors, including our financial condition, operating results,\ncurrent and anticipated cash needs, and plans for expansion. In addition, our current bank loan prohibits us from paying cash dividends\non our common stock without written permission.\n\n \n\nOn\nMay 13, 2025, the Company announced that its Board declared a regular annual dividend of $0.10 per common share to its shareholders of\nrecord at the close of business on June 2, 2025. The dividend was paid on June 16, 2025. The Company obtained written permission from\nWest Texas National Bank (“WTNB”) prior to declaring the regular annual dividend. On April 30, 2024, the Company announced\nthat its Board declared a special dividend of $0.10 per common share to its shareholders of record at the close of business on May 21,\n2024. The special dividend was paid on June 4, 2024. The Company obtained written permission from WTNB prior to declaring the special\ndividend.\n\n \n\nSubsequently,\non June 4, 2026, the Company announced that its Board declared a regular annual dividend of $0.10 per common share to its shareholders\nof record at the close of business on June 15, 2026. The dividend is to be paid on June 30, 2026. The Company obtained written permission\nfrom WTNB prior to declaring the regular annual dividend.\n\n \n\n20\n\n \n\n \n\nThe\nCompany can provide no assurance that dividends will be authorized or declared in the future or as to the amount or type of any future\ndividends. Our Board’s determination with respect to any such dividends, including the record date, the payment date, and the actual\namount of the dividend, will depend upon our profitability and financial condition, contractual restrictions, restrictions imposed by\napplicable law, and other factors that the board deems relevant at the time of such determination.\n\n \n\n**Securities\nAuthorized for Issuance Under Compensation Plans**\n\n** **\n\nThe\nfollowing table includes certain information about our Employee Incentive Stock Plan as of March 31, 2026, which has been approved by\nour stockholders.\n\n \n\n   \nNumber\nof Shares Authorized for Issuance under Plan  \nNumber\nof Shares to be Issued upon Exercise of Outstanding Options  \nWeighted\nAverage Exercise Price of Outstanding Options  \nNumber\nof Shares Remaining Available for Future Issuance under Plan \n\n2009 Plan  \n 200,000  \n 35,000  \n$4.84  \n - \n\n2019\nPlan  \n 200,000  \n 115,883  \n 10.93  \n 68,500 \n\nTotal  \n 400,000  \n 150,883  \n$9.52  \n 68,500 \n\n** **\n\n**Issuer\nRepurchases**\n\n** **\n\nIn\nApril 2024, the Board authorized the use of up to $1,000,000 to repurchase shares of the Company’s common stock, par value\n$0.50, for the treasury account. This program has no expiration date and may be modified, suspended, or terminated at any time by\nthe Board. Under the repurchase program, common stock may be purchased from time to time through open-market purchases or other\ntransactions. The amount and timing of repurchases will be subject to the availability of shares, prevailing market conditions, the\ntrading price of our common stock, our financial performance, and other conditions. Repurchases may also be made from time to time\nin connection with the settlement of our share-based compensation awards. Repurchases will be funded from cash flow. As of March 31,\n2026, the Company’s repurchase program approved in April 2024 had $296,784 in remaining funds.\n\n \n\nDuring\nthe year ended March 31, 2026, there were no shares of common stock repurchased for the treasury account. During the year ended March\n31, 2025, the Company repurchased 57,766 shares for the treasury account at an aggregate cost of $703,216, an average price of $12.17\nper share.\n\n \n\nSubsequently,\nin June 2026, the Board authorized the use of an additional $250,000 to repurchase shares of the Company’s common stock, par value\n$0.50, for the treasury account."}