CompUSA 2008 Annual Report Download - page 54

Download and view the complete annual report

Please find page 54 of the 2008 CompUSA annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 98

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98

19
PART II
Item 5. Market for Registrant's Common Equity, Related Stockholder Matters and Issuer
Purchases of Equity Securities
Systemax common stock is traded on the New York Stock Exchange under the symbol "SYX." The
following table sets forth the high and low closing sales price of our common stock as reported on the
New York Stock Exchange for the periods indicated.
High Low
2008
First Quarter $20.32 $9.01
Second Quarter 20.89 12.06
Third Quarter 18.43 14.04
Fourth Quarter 15.10 8.75
2007
First Quarter $30.13 $18.10
Second Quarter 21.75 16.22
Third Quarter 22.12 17.60
Fourth Quarter 24.47 17.95
On January 3, 2009, the last reported sale price of our common stock on the New York Stock Exchange
was $10.87 per share. As of January 3, 2009, we had 230 shareholders of record.
On March 3, 2008, the Company’ s Board of Directors declared a special dividend of $1.00 per share
payable on April 2, 2008 to shareholders of record on March 21, 2008. This special dividend is the second
dividend we have paid since our initial public offering. Depending in part upon profitability, the strength
of our balance sheet, our cash position and the need to retain cash for the development and expansion of
our business, we may decide to declare another special dividend in the future.
On March 14, 2007, the Company’ s Board of Directors declared a special dividend of $1.00 per share
payable on April 12, 2007 to shareholders of record on April 2, 2007. This special dividend was the first
dividend we have paid since our initial public offering.
In May 2008, the Company’ s Board of Directors authorized the repurchase of up to 2,000,000 shares of
the Company’ s common stock. During 2008 the Company repurchased 475,301 common shares. Detail of
those purchases is as follows:
Fiscal Month
Total Number of
Shares Purchased
Average Price
Paid Per Share
Total Number
of Shares
Purchased as
Part of Publicly
Announced Plans
or Programs
Maximum Number
of Shares that May
Yet Be Purchased
Under the Plans or
Programs
August 228,401 $15.04 228,401 1,771,599
December 246,900 $9.67 475,301 1,524,699
Total . . . . . . . . . . . . . . . . . . . . . . . . . . . . 475,301 $12.25