Burger King 2013 Annual Report Download - page 29
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Table of Contents
The following table presents information related to the repurchase of our common stock during the three months ended December 31, 2013:
October 1-31, 2013 — — — $ 200,000,000
November 1-30, 2013 — — — $ 200,000,000
December 1-31, 2013 342,843 $ 21.40 342,843 $ 192,664,371
(1) On April 10, 2013, our Board of Directors authorized the repurchase of up to $200.0 million of our common stock. The repurchase authorization will
remain in effect until May 31, 2016 or when the share repurchase limit is reached. The amount and timing of the repurchases will be determined by
management. The share repurchases may be suspended or discontinued at any time.
On February 12, 2014, our board declared a cash dividend of $0.07 per share, which will be paid on March 12, 2014 to shareholders of record on
February 26, 2014. Because we are a holding company, our ability to pay cash dividends on shares of our common stock may be limited by restrictions
under our debt agreements. Although we do not have a dividend policy, our board may, subject to compliance with the covenants contained in our debt
agreements and other considerations, determine to pay dividends in the future.
The following table presents information regarding equity awards outstanding under our compensation plans as of December 31, 2013 (amounts in
thousands):
Equity Compensation Plans Approved by
Security Holders 15,980 $ 6.35 11,262
Equity Compensation Plans Not
Approved by Security Holders — — —
15,980 $6.35 11,262
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Source: Burger King Worldwide, Inc., 10-K, February 21, 2014 Powered by Morningstar® Document Research℠
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