ADP 2011 Annual Report Download - page 10

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We may be unable to attract and retain qualified personnel
Our ability to grow and provide our clients with competitive services is partially dependent on our ability to attract and retain
highly motivated people with the skills to serve our clients. Competition for skilled employees in the outsourcing and other markets
in which we operate is intense and if we are unable to attract and retain highly skilled and motivated personnel, results from our
operations may suffer.
Item 1B. Unresolved Staff Comments
None.
Item 2. Properties
ADP owns 13 of its processing/print centers, and 26 other operational offices, sales offices and its corporate headquarters
complex in Roseland, New Jersey, which aggregate approximately 3,912,205 square feet. None of ADP
’
s owned facilities is subject to
any material encumbrances. ADP leases space for some of its processing centers, other operational offices and sales offices. All of
these leases, which aggregate approximately 5,833,131 square feet in North America, Europe, South America (primarily Brazil), Asia,
Australia and Africa, expire at various times up to the year 2036. ADP believes its facilities are currently adequate for their intended
purposes and are adequately maintained.
Item 3. Legal Proceedings
In the normal course of business, the Company is subject to various claims and litigation. While the outcome of any litigation is
inherently unpredictable, the Company believes it has valid defenses with respect to the legal matters pending against it and the
Company believes that the ultimate resolution of these matters will not have a material adverse impact on its financial condition,
results of operations or cash flows.
Part II
Item 5. Market for the Registrant
’
s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities
Market for the Registrant
’
s Common Equity
The principal market for the Company
’
s common stock (symbol: ADP) is the NASDAQ Global Select Market. The following table
sets forth the reported high and low sales prices of the Company
’
s common stock reported on the NASDAQ Global Select Market
and the cash dividends per share of common stock declared, during the past two fiscal years. As of June 30, 2011, there were 43,453
holders of record of the Company
’
s common stock. As of such date, 352,759 additional holders held their common stock in “street
name.”
10
Price Per Share
Dividends
High
Low
Per Share
Fiscal 2011 quarter ended:
June 30
$
55.12
$
50.82
$
0.360
March 31
$
51.50
$
46.73
$
0.360
December 31
$
47.17
$
41.50
$
0.360
September 30
$
42.72
$
38.41
$
0.340
Fiscal 2010 quarter ended:
June 30
$
45.74
$
39.27
*
$
0.340
March 31
$
45.22
$
39.72
$
0.340
December 31
$
44.50
$
38.51
$
0.340
September 30
$
40.44
$
33.26
$
0.330
*
Excludes trading on May 6, 2010, during which a low sales price of $26.46 was reported.