SUBSEQUENT EVENT

12 Months Ended

Sep. 30, 2020

SUBSEQUENT EVENT

SUBSEQUENT EVENTS

16. SUBSEQUENT EVENTS:

On October 27, 2020 the Compensation Committee of the Company’s Board of Directors awarded 20,500 restricted stock units to members of the Company’s executive management team. These awards include 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 75,000 shares of AMCON’s common stock in open market or privately negotiated transactions.