SUBSEQUENT EVENTS

12 Months Ended

Sep. 30, 2017

SUBSEQUENT EVENT

SUBSEQUENT EVENTS

13. SUBSEQUENT EVENTS:

On October 24, 2017 the Compensation Committee of the Company’s Board of Directors awarded 13,000 long-term incentive equity awards to members of the Company’s executive management team. These awards included a three year graded vesting schedule and can be settled in either cash or stock. At the same time, the Company’s Board of Directors replenished the number of shares authorized for repurchase under AMCON’s existing Common Stock repurchase program. The program provides for periodic repurchases of up to 50,000 shares of AMCON’s common stock in open market or privately negotiated transactions.

In November 2017, the Company also renewed its credit facility agreement with Bank of America on substantially the same terms as those provided in the credit facility agreement in place at September 2017. The renewed credit facility agreement has an November 2022 maturity date.