Jack In The Box 2012 Annual Report Download - page 17
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PART II
ITEM 5. MARKET FOR REGISTRANT’S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY
SECURITIES
Market Information. Our common stock is traded on the Nasdaq Global Select Market under the symbol “JACK.” The following table sets forth the high
and low sales prices for our common stock during the fiscal quarters indicated, as reported on the NASDAQ — Composite Transactions:
High
$29.07
$28.07
$24.59
$22.67
Low
$25.39
$22.04
$21.01
$18.65
High
$24.17
$23.85
$24.51
$24.18
Low
$18.25
$19.60
$20.75
$19.81
Dividends. We did not pay any cash or other dividends during the last three fiscal years and do not anticipate paying dividends in the foreseeable future.
As of September 30, 2012, our credit agreement provided for up to $229.9 million for the potential payment of cash dividends and stock repurchases, subject
to certain limitations based on our leverage ratio as defined in our credit agreement.
Stock Repurchases. In November 2011, the Board of Directors (“Board”) approved a program to repurchase up to $100.0 million in shares of our
common stock expiring November 2013. As of September 30, 2012, the aggregate remaining amount authorized for repurchase was $76.9 million. In
November 2012, the Board authorized an additional $100.0 million repurchase program expiring November 2014.
On November 5, 2012, we refinanced our existing agreement and entered into an amended and restated credit agreement which provides for up to $500.0
million for stock repurchases and the potential payment of cash dividends, subject to certain limitations based on our leverage ratio.
The following table summarizes shares repurchased pursuant to this program during the quarter ended September 30, 2012:
$100,000,000
July 9, 2012 - August 5, 2012
—
$ —
—
$100,000,000
August 6, 2012 - September 2, 2012
653,012
$25.92
653,012
$83,058,675
September 3, 2012 - September 30, 2012
229,963
$26.81
229,963
$76,887,763
Total
882,975
$26.15
882,975
Stockholders. As of November 16, 2012, there were 614 stockholders of record.
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