DSW 2009 Annual Report Download - page 25

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estimated loss, we record the most likely estimated liability related to the claim. In the opinion of management, the
amount of any potential liability with respect to these proceedings will not be material to our results of operations or
financial condition. As additional information becomes available, we will assess the potential liability related to our
pending litigation and revise the estimates as needed. Revisions in our estimates and the amount of potential
liability could materially impact our future results of operations and financial condition.
ITEM 4. RESERVED.
PART II
ITEM 5. MARKET FOR THE REGISTRANT’S COMMON EQUITY, RELATED SHAREHOLDER
MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES.
Our Class A Common Shares are listed for trading under the ticker symbol “DSW” on the NYSE. As of
March 1, 2010, there were 14 holders of record of our Class A Common Shares and one holder of record of our
Class B Common Shares, Retail Ventures. The following table sets forth the high and low sales prices of our Class A
Common Shares as reported on the NYSE for each respective quarter:
High Low
Fiscal 2008:
First Quarter ..................................................... 20.69 11.46
Second Quarter ................................................... 15.50 10.10
Third Quarter ..................................................... 16.32 9.17
Fourth Quarter .................................................... 13.21 7.30
Fiscal 2009:
First Quarter ..................................................... 11.70 6.66
Second Quarter ................................................... 13.82 9.30
Third Quarter ..................................................... 22.43 11.99
Fourth Quarter .................................................... 27.44 18.62
We do not anticipate paying cash dividends on our Common Shares during fiscal 2010. Presently, we expect
that all of our future earnings will be retained for development of our business. The payment of any future dividends
will be at the discretion of our board of directors and will depend upon, among other things, future earnings,
operations, capital requirements, our general financial condition and general business conditions. Our credit facility
restricts the payment of dividends by us, other than dividends paid in stock of the issuer or paid to another affiliate,
and cash dividends can only be paid to Retail Ventures by us up to the aggregate amount of $5.0 million less the
amount of any borrower advances made to Retail Ventures by us or our subsidiaries.
In January 2010, we amended our credit facility to allow us to repurchase Class B Common Shares from RVI.
This amendment allows us to repurchase up to $10 million in both the fourth quarter of fiscal 2009 and the first
quarter of fiscal 2010 provided that we are not in default and that our cash and investments balance remains greater
than $200 million. On January 15, 2010, we entered into a share purchase agreement with RVI pursuant to which
RVI sold us 320,000 Class B Common Shares for an aggregate amount of $8.0 million.
Period
Total Number
of Shares
Purchased
Average Price
Paid per Share
Total Number of
Shares Purchased as
Part of Publicly
Announced Programs
Approximate Dollar
Value of Shares That May
Yet be Purchased Under
the Programs
November 1, 2009 to November 28,
2009
November 29, 2009 to January 2, 2010
January 3, 2010 to January 30, 2010 . . 320,000 $25.00
320,000 $25.00
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