Item 8.01. Other Events.

On September 10, 2020 the Board of Directors (the "Board") of The Goldfield Corporation (the "Company") approved an extension of the Company's Stock Repurchase Plan (the "Plan"), originally adopted on September 17, 2002. The Company's Board has extended the Plan from September 30, 2020 until September 30, 2021. The Plan authorizes the repurchase of up to 6,000,000 shares. As of September 10, 2020, the Company had repurchased 3,273,880 shares of common stock pursuant to the Plan, at an average cost of $1.05 per share, and is authorized to purchase an additional 2,726,120 shares pursuant to the Plan. As of September 10, 2020, the Company had 24,522,534 shares and 230,000 restricted stock units outstanding. Further information regarding this stock repurchase plan is set forth under Item 5 in the Company's Annual Report on Form 10-K for the year ended December 31, 2019.





                                       1

--------------------------------------------------------------------------------

© Edgar Online, source Glimpses