ADT 2015 Annual Report Download - page 172

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FORM 10-K
During fiscal years 2015, 2014 and 2013, the Company’s Board of Directors declared the following
dividends on ADT’s common stock:
Declaration Date
Dividend
per Share Record Date Payment Date
July 17, 2015 ................ $ 0.21 July 29, 2015 August 19, 2015
March 17, 2015 ............... $ 0.21 April 29, 2015 May 20, 2015
January 8, 2015 ............... $ 0.21 January 28, 2015 February 18, 2015
September 19, 2014 ........... $ 0.20 October 29, 2014 November 19, 2014
July 18, 2014 ................ $ 0.20 July 30, 2014 August 20, 2014
March 13, 2014 ............... $ 0.20 April 30, 2014 May 21, 2014
January 9, 2014 ............... $ 0.20 January 29, 2014 February 19, 2014
September 20, 2013 ........... $0.125 October 30, 2013 November 20, 2013
July 19, 2013 ................ $0.125 July 31, 2013 August 21, 2013
March 14, 2013 ............... $0.125 April 24, 2013 May 15, 2013
January 10, 2013 .............. $0.125 January 30, 2013 February 20, 2013
November 26, 2012 ........... $0.125 December 10, 2012 December 18, 2012
Voting Rights—The holders of the Company’s common stock are entitled to one vote for each share held of
record on all matters submitted to a vote of the stockholders.
Other Rights—Subject to any preferential liquidation rights of holders of preferred stock that may be
outstanding, upon the Company’s liquidation, dissolution or winding-up, the holders of ADT’s common stock are
entitled to share ratably in the Company’s assets legally available for distribution to its stockholders.
Fully Paid—The issued and outstanding shares of the Company’s common stock are fully paid and non-
assessable. Any additional shares of common stock that the Company may issue in the future will also be fully
paid and non-assessable.
The holders of the Company’s common stock do not have preemptive rights or preferential rights to
subscribe for shares of its capital stock.
Preferred Stock
The Company’s certificate of incorporation authorizes its Board of Directors to designate and issue from
time to time one or more series of preferred stock without stockholder approval. The Board of Directors may fix
and determine the preferences, limitations and relative rights of each series of preferred stock. As of
September 25, 2015, there were 50,000,000 shares of $0.01 par value preferred stock authorized of which none
were outstanding. The Company does not currently plan to issue any shares of preferred stock.
Share Repurchase Programs
On November 26, 2012, the Company’s Board of Directors approved a $2 billion, three-year share
repurchase program (“FY2013 Share Repurchase Program”) expiring November 26, 2015. Pursuant to this
approval, the Company may enter into accelerated share repurchase plans as well as repurchase shares on the
open market. During fiscal year 2013, the Company made open market repurchases of 15.5 million shares of
ADT’s common stock at an average price of $43.01 per share. The total cost of open market repurchases for
fiscal year 2013 was approximately $668 million, of which $635 million was paid during fiscal year 2013.
On January 29, 2013, the Company entered into an accelerated share repurchase agreement under which it
repurchased 12.6 million shares of ADT’s common stock for $600 million at an average price of $47.60 per
share. This accelerated share repurchase program, which was funded with proceeds from the January 2013 Debt
Offering, was completed on April 2, 2013.
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