ADT 2015 Annual Report Download - page 177

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FORM 10-K
14. Subsequent Events
Dividend
On October 14, 2015, the Company’s Board of Directors declared a quarterly dividend on ADT’s common
stock of $0.21 per share. This dividend will be paid on November 18, 2015 to stockholders of record on
October 28, 2015.
Calendar Month Change
On October 14, 2015, the Company’s Board of Directors approved a change to the Company’s fiscal year
end from the last Friday in September to September 30 of each year, and thereafter the end of each fiscal quarter
will be the last day of the calendar month end. The fiscal year change is effective beginning with the Company’s
2016 fiscal year, which began on September 26, 2015, the day after the last day of the Company’s 2015 fiscal
year, and will end on September 30, 2016. This change better aligns the Company’s external reporting with the
monthly recurring nature of revenues and expenses associated with the Company’s customer base.
Share Repurchases
Subsequent to September 25, 2015, the Company repurchased 985 thousand shares of its common stock at
an average price of $30.01 per share under the FY2013 Share Repurchase Program. The total cost of these share
repurchases was approximately $29.6 million.
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