OfficeMax 2011 Annual Report Download - page 46

Download and view the complete annual report

Please find page 46 of the 2011 OfficeMax 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 136

  • 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
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130
  • 131
  • 132
  • 133
  • 134
  • 135
  • 136

PART II
ITEM 5. MARKET FOR REGISTRANT’S COMMON EQUITY, RELATED
STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY
SECURITIES
Our common stock is listed on the New York Stock Exchange (the “Exchange”). The Exchange requires
each listed company to make an annual report available to its shareholders. We are making this Form 10-K
available to our shareholders in lieu of a separate annual report. The reported high and low sales prices for our
common stock, as well as the frequency and amount of dividends paid on such stock, are included in Note 17,
“Quarterly Results of Operations (unaudited),” of the Notes to Consolidated Financial Statements in “Item 8.
Financial Statements and Supplementary Data” of this Form 10-K. Due to the challenging economic
environment, and to conserve cash, we suspended our cash dividends in the fourth quarter of 2008. See the
discussion of dividend payment limitations under the caption “Financing Arrangements” in “Item 7.
Management’s Discussion and Analysis of Financial Condition and Results of Operations,” of this Form 10-K.
The approximate number of holders of our common stock, based upon actual record holders on February 10,
2012, was 11,875.
We maintain a corporate governance page on our website that includes key information about our corporate
governance initiatives. That information includes our Corporate Governance Guidelines, Code of Ethics and
charters for our Audit, Executive Compensation and Governance and Nominating Committees, as well as our
Committee of Outside Directors. The corporate governance page can be found at investor.officemax.com by
clicking on “Corporate Governance.” You also may obtain copies of these policies, charters and codes by
contacting our Investor Relations Department, 263 Shuman Boulevard, Naperville, Illinois 60563, or by calling
(630) 864-6800.
Information concerning securities authorized for issuance under our equity compensation plans is included
in “Item 12. Security Ownership of Certain Beneficial Owners and Management and Related Stockholder
Matters” of this Form 10-K.
Stock Repurchases
Information concerning our stock repurchases during the three months ended December 31, 2011, is
presented in the following table.
Period
Total Number
of Shares
Purchased(a)
Average Price
Paid per Share
Total Number
of Shares
Purchased as Part
of Publicly
Announced Plans
or Programs
Maximum Number
of Shares That May Yet
Be Purchased Under
the Plans or Programs
September 25 – October 22 ........... 4,136 $4.89
October 23 – November 26 ........... 17,293 5.10
November 27 – December 31 ......... 966 4.46 —
Total ............................. 22,395 $5.03
(a) All stock was withheld to satisfy minimum statutory tax withholding obligations upon vesting of restricted
stock awards.
14