Burger King 2009 Annual Report Download - page 39
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Table of Contents
Dividend Policy
During each quarter of fiscal 2008 and 2009, we paid a quarterly cash dividend of $0.0625 per share. Although we do not have a
dividend policy, we elected to pay a cash dividend in each of these quarters because we generated strong cash flow during these periods,
and we expect our cash flow to continue to strengthen.
The terms of our credit facility limit our ability to pay cash dividends in certain circumstances. In addition, because we are a
holding company, our ability to pay cash dividends on shares of our common stock may be limited by restrictions on our ability to
obtain sufficient funds through dividends from our subsidiaries, including the restrictions under our credit facility. Subject to the
foregoing, the payment of cash dividends in the future, if any, will be at the discretion of our board of directors and will depend upon
such factors as earnings levels, capital requirements, our overall financial condition and any other factors deemed relevant by our board
of directors.
Securities Authorized for Issuance Under Equity Compensation Plans
The following table presents information regarding options outstanding under our compensation plans as of June 30, 2009:
(b)
Weighted− (c)
(a) Average Exercise Number of
Number of Price of Securities Remaining Available for
Securities to be Issued Upon Outstanding Future Issuance under Equity
Exercise of Outstanding Options, Warrants Compensation Plans (Excluding
Plan
Category Options, Warrants and Rights and Rights Securities Reflected in Column (a))
Equity Compensation Plans
Approved by Security
Holders:
Burger King Holdings, Inc.
2006
Omnibus Incentive Plan 2,357,487 $ 14.05 4,568,599
Burger King Holdings,
Inc.
Equity Incentive Plan 5,336,846 $ 16.33 521,597
Equity Compensation
Plans Not
Approved by Security
Holders — — —
TOTAL 7,694,333 5,090,196
Included in the 7.7 million total number of securities in column (a) above are approximately 1.8 million restricted stock units,
performance−based restricted stock awards and deferred stock awards. The weighted average exercise price in column (b) is based only
on stock options as restricted stock units, performance−based restricted stock awards and deferred stock awards have no exercise price.
The Company does not currently have warrants or rights outstanding.
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