Einstein Bros 2013 Annual Report Download - page 18

Download and view the complete annual report

Please find page 18 of the 2013 Einstein Bros 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 74

  • 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

10-K
http://www.sec.gov/Archives/edgar/data/949373/000119312514073832/d629623d10k.htm[9/11/2014 10:05:27 AM]
High Low
Fiscal 2013:
First Quarter $15.25 $12.27
Second Quarter $15.44 $13.08
Third Quarter $17.77 $14.81
Fourth Quarter $18.30 $14.46
High Low
Fiscal 2012:
First Quarter $15.44 $13.75
Second Quarter $17.75 $13.63
Third Quarter $18.58 $13.94
Fourth Quarter $18.58 $11.45
As of February 21, 2014, there were approximately 230 holders of record of our common stock. This number does not include individual
stockholders who own common stock registered in the name of a nominee under nominee security listings.
As permitted by our credit facility, described in further detail in Item 7, our Board of Directors (the “Board”) declared quarterly dividends to
common stockholders totaling $8.5 million and $8.8 million during fiscal 2012 and 2013, respectively.
On May 3, 2012, we announced that our Board authorized a review of strategic alternatives to the Company, including a possible business
combination or sale, to maximize value for all stockholders. On December 6, 2012, we announced that our Board had completed its review and
elected to recapitalize the Company by amending our existing credit facility and declaring a one-time special cash dividend of $4.00 per share
($68.8 million in total) payable to stockholders of record as of the close of business on December 17, 2012. The dividend was paid on
December 27, 2012.
It is the current expectation of our Board that we will continue to pay a quarterly cash dividend, at the discretion of the Board, dependent on a
variety of factors, including available cash and the overall financial condition of the Company. As a Delaware corporation, we are also limited by
Delaware law as to the payment of dividends. On January 22, 2014, the Board declared a cash dividend on our common stock in the amount of
$0.13 per share, payable on April 15, 2014, to stockholders of record as of March 3, 2014.
22
Table of Contents
Performance Graph
The performance graph below covers the fiscal five-year period from December 31, 2008 through December 31, 2013. The graph compares
the total return of our common stock (BAGL) to our current peer group of companies (PGI) and the NASDAQ Composite Index. We believe that
the selected PGI represents our competitive peer group as the included companies are multi-concept restaurant companies with a similar
organizational structure and have a sufficient period of operating history for continuous inclusion in the PGI.