Audiovox 2008 Annual Report Download - page 20

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Under the asset purchase agreement for the sale of the Company’s Cellular business to UTSI, the Company agreed to
indemnify UTSI for any breach or violation by Audiovox Communications Corporation and its representations, warranties and
covenants contained in the asset purchase agreement and for other matters, subject to certain limitations. Significant indemnification
claims by UTSI could have a material adverse effect on the Company's financial condition and results of operation. The Company is
not aware of any such claim(s) for indemnification.
Item 4-Submission of Matters to a Vote of Security Holders
No matters were submitted to a vote of security holders during the quarter ended February 29, 2008.
PART II
Item 5-Market for the Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities
Market Information
The Class A Common Stock of Audiovox is traded on the Nasdaq Stock Market under the symbol "VOXX". The following table sets
forth the low and high sale price of our Class A Common Stock, based on the last daily sale in each of the last eight fiscal quarters:
Year ended February 29, 2008 High Low
First Quarter $ 15.29 $ 12.67
Second Quarter 13.48 9.63
Third Quarter 13.04 10.02
Fourth Quarter 13.47 9.00
Year ended February 28, 2007 High Low
First Quarter $ 12.98 $ 11.20
Second Quarter 14.81 11.78
Third Quarter 15.19 12.63
Fourth Quarter 15.99 12.82
Dividends
We have not paid or declared any cash dividends on our common stock. We have retained, and currently anticipate that we will
continue to retain, all of our earnings for use in developing our business. Future cash dividends, if any, will be paid at the discretion of
our Board of Directors and will depend, among other things, upon our future operations and earnings, capital requirements and
surplus, general financial condition, contractual restrictions and such other factors as our Board of Directors may deem relevant.
Holders
There are approximately 664 holders of record of our Class A Common Stock and 4 holders of Class B Convertible Common Stock.
17
Source: AUDIOVOX CORP, 10-K, May 14, 2008