Express 2014 Annual Report Download - page 28

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(2) On May 28, 2014, the Board authorized us to repurchase up to $100 million of our common stock (the
“2014 Repurchase Program”). The 2014 Repurchase Program will be funded using our available cash.
Under the 2014 Repurchase Program, we may repurchase shares in the open market, including through Rule
10b5-1 plans, in privately negotiated transactions, through block purchases, or otherwise in compliance with
applicable laws, including Rule 10b-18 of the Securities Exchange Act of 1934, as amended. The timing and
actual number of shares repurchased under the program will depend on a variety of factors including price,
corporate and regulatory requirements, and other business and market conditions. The 2014 Repurchase
Program may be suspended, modified, or discontinued at any time, and we have no obligation to repurchase
any amount of our common stock under the program.
Performance Graph
The following graph compares the changes in the cumulative total return to stockholders of our common stock with
that of the S&P 500 Index and the Dow Jones U.S. Apparel Retailers Index for the same period. The comparison of the
cumulative total returns for each investment assumes that $100 was invested in our common stock and the respective
indexes on May 13, 2010, which was the first day our stock was traded on the NYSE, and includes reinvestment of all
dividends. The plotted points are based on the closing price on the last trading day of each fiscal year.
COMPARISON OF THE
CUMULATIVE TOTAL RETURN
among Express, Inc., S&P 500 Index,
and Dow Jones U.S. Apparel Retailers Index
13-May-10 29-Jan-11 28-Jan-12 2-Feb-13 1-Feb-14 31-Jan-15
60
80
100
120
140
160
180
200
220
Dollars
Period Ending
S&P 500 DJ US Retail ApparelExpress, Inc.
5/13/10 1/29/11 1/28/12 2/2/13 2/1/14 1/31/15
Express, Inc. .......................... $100.00 $105.91 $134.53 $113.80 $106.54 $ 80.46
S&P 500 Index ........................ $100.00 $110.27 $113.73 $130.73 $154.01 $172.36
Dow Jones U.S. Apparel Retailers Index .... $100.00 $103.16 $121.22 $149.61 $167.74 $200.11
The Performance Graph in this Item 5 is not deemed to be “soliciting material” or to be “filed” with the SEC or
subject to Regulation 14A or 14C under the Exchange Act of 1934 or to the liabilities of Section 18 of the
Exchange Act of 1934 and will not be deemed to be incorporated by reference into any filing under the Securities
Act of 1933, as amended, or the Exchange Act of 1934, except to the extent we specifically incorporate it by
reference into such a filing.
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