Office Depot 2003 Annual Report Download - page 17

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Item 3. Legal Proceedings.
We are involved in litigation arising in the normal course
of our business. While from time to time claims are asserted
that make demands for large sums of money, including ones
asserted in the form of class action suits, we do not believe
that any of these matters, either individually or in the aggre-
gate, will materially affect our financial position or the results
of our operations.
Item 4. Submission of Matters to a Vote of
Security Holders.
None.
PART II
Item 5. Market for the Registrant’s Common Stock and
Related Security Holder Matters.
Our common stock is listed on the New York Stock
Exchange (“ NYSE”) under the symbol “ ODP.” As of
February 13, 2004, there were 3,723 holders of record of our
common stock. The last reported sale price of the common
stock on the NYSE on February 13, 2004 was $17.30.
The following table sets forth, for the periods indicated,
the high and low sale prices of our common stock, as quoted
on the NYSE Composite Tape. These prices do not include
retail mark-ups, mark-downs or commission.
High Low
2003
First Quarter . . . . . . . . . . . . . . . . . . $15.390 $10.280
Second Quarter . . . . . . . . . . . . . . . . 15.270 11.150
Third Quarter . . . . . . . . . . . . . . . . . 18.500 14.190
Fourth Quarter . . . . . . . . . . . . . . . . 16.990 13.600
2002
First Quarter . . . . . . . . . . . . . . . . . . $20.400 $15.500
Second Quarter . . . . . . . . . . . . . . . . 21.960 15.460
Third Quarter . . . . . . . . . . . . . . . . . 17.000 10.600
Fourth Quarter . . . . . . . . . . . . . . . . 18.090 10.700
We have never declared or paid cash dividends on our
common stock. While we regularly assess our dividend policy,
we have no current plans to declare a dividend. Earnings and
other cash resources will continue to be used in the expansion
of our business.
15 Office Depot 2003 / Form 10-K