Burger King 2013 Annual Report Download - page 28

Table of Contents

Jay Clogg Realty Group, Inc. v. Burger King Corporation, Civ. Action No. 8-13-CV-00662 (U.S. District Court for the District of Maryland) . On
March 1, 2013, a putative class action lawsuit was filed against BKC in the U.S. District Court of Maryland. The complaint alleges that BKC and/or its
agents sent unsolicited advertisements by fax to thousands of consumers in Maryland and elsewhere in the United States to promote its home delivery program
in violation of the Telephone Consumers Protection Act. The plaintiff is seeking monetary damages and injunctive relief. BKC has filed a motion to dismiss. If
BKC’s motion to dismiss is denied, it is anticipated that the parties will proceed with discovery. BKC will vigorously contest liability and class certification.
From time to time, we are involved in other legal proceedings arising in the ordinary course of business relating to matters including, but not limited to,
disputes with franchisees, suppliers, employees and customers, as well as disputes over our intellectual property. The Company has an estimated liability of
approximately $10.0 million as of December 31, 2013, representing the Company’s best estimate within the range of losses which could be incurred in
connection with pending litigation matters.

Not applicable.



Our common stock trades on the New York Stock Exchange under the symbol BKW. Trading of our common stock commenced on June 20, 2012,
following the completion of our merger with Justice. Prior to that date, no public market existed for our common stock. As of February 10, 2014, there were
approximately 126 holders of record of our common stock. The following table sets forth for the periods indicated the high and low sales prices of our
common stock on the New York Stock Exchange and dividends declared per share of common stock.
 
  

First Quarter $19.95 $16.26 $ 0.05
Second Quarter $ 21.00 $ 17.90 $ 0.06
Third Quarter $ 20.42 $ 18.97 $ 0.06
Fourth Quarter $ 22.86 $ 18.91 $ 0.07

Second Quarter (1) $ 15.85 $ 14.97 $ —
Third Quarter $ 15.88 $ 13.03 $ —
Fourth Quarter $ 17.74 $ 14.10 $ 0.04
(1) Represents period from June 20, 2012 through the end of the quarter.
26
Source: Burger King Worldwide, Inc., 10-K, February 21, 2014 Powered by Morningstar® Document Research℠
The information contained herein may not be copied, adapted or distributed and is not warranted to be accurate, complete or timely. The user assumes all risks for any damages or losses arising from any use of this
information, except to the extent such damages or losses cannot be limited or excluded by applicable law. Past financial performance is no guarantee of future results.