AutoZone 2013 Annual Report Download - page 79

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17
PART II
Item 5. Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of
Equity Securities
Our common stock is listed on the New York Stock Exchange under the symbol “AZO.” On October 21, 2013,
there were 2,778 stockholders of record, which does not include the number of beneficial owners whose shares
were represented by security position listings.
We currently do not pay a dividend on our common stock. Our ability to pay dividends is subject to limitations
imposed by Nevada law. Any future payment of dividends would be dependent upon our financial condition,
capital requirements, earnings and cash flow.
The following table sets forth the high and low sales prices per share of common stock, as reported by the New
York Stock Exchange, for the periods indicated:
Price Ran
g
e of Common Stoc
k
Fiscal Year Ended August 31, 2013: Hi
g
hLow
Fourth quarte
r
............................................................................................... $ 452.19 $ 401.93
Third quarte
r
................................................................................................. $ 413.28 $ 369.47
Second quarte
r
.............................................................................................. $ 390.11 $ 341.98
First quarte
r
.................................................................................................. $ 386.80 $ 351.27
Fiscal Year Ended Au
g
ust 25, 2012:
Fourth quarte
r
............................................................................................... $ 391.90 $ 353.38
Third quarte
r
................................................................................................. $ 399.10 $ 353.80
Second quarte
r
.............................................................................................. $ 356.80 $ 313.11
First quarte
r
.................................................................................................. $ 341.89 $ 303.00
During 1998, the Company announced a program permitting the Company to repurchase a portion of its
outstanding shares not to exceed a dollar maximum established by the Company’s Board of Directors. The
program was most recently amended on June 11, 2013, to increase the repurchase authorization by $750 million to
raise the cumulative share repurchase authorization from $12.65 billion to $13.40 billion.
Shares of common stock repurchased by the Company during the quarter ended August 31, 2013, were as follows:
Period
Total
Number of
Shares
Purchased
Average
Price Paid
per Share
Total Number of
Shares Purchased
as Part of Publicly
Announced Plans
or Programs
Maximum Dollar
Value that May
Yet Be Purchased
Under the Plans
or Programs
May 5, 2013, to June 1, 2013 ..............
.
23,900 $ 417.00 23,900 $ 268,442,619
June 2, 2013, to June 29, 2013 ............
.
397,712 415.79 397,712 853,076,687
June 30, 2013, to July 27, 2013 ..........
.
400,901 431.55 400,901 680,067,382
July 28, 2013, to August 31, 2013 ......
.
487,000 434.55 487,000 468,441,939
Total ....................................................
.
1,309,513 $ 427.61 1,309,513 $ 468,441,939
The Company also repurchased, at fair value, an additional 22,915 shares in fiscal 2013, 24,113 shares in fiscal
2012, and 30,864 shares in fiscal 2011 from employees electing to sell their stock under the Company’s Sixth
Amended and Restated Employee Stock Purchase Plan (the “Employee Plan”), qualified under Section 423 of the
Internal Revenue Code, under which all eligible employees may purchase AutoZone’s common stock at 85% of
the lower of the market price of the common stock on the first day or last day of each calendar quarter through
payroll deductions. Maximum permitted annual purchases are $15,000 per employee or 10 percent of
compensation, whichever is less. Under the Employee Plan, 18,228 shares were sold to employees in fiscal 2013,
19,403 shares were sold to employees in fiscal 2012, and 21,608 shares were sold to employees in fiscal 2011. At
August 31, 2013, 234,744 shares of common stock were reserved for future issuance under the Employee Plan.
10-K