Pep Boys 2007 Annual Report Download - page 60

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PART II
ITEM 5 MARKET FOR THE REGISTRANT’S COMMON EQUITY, RELATED STOCKHOLDER
MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES
The common stock of The Pep Boys—Manny, Moe & Jack is listed on the New York Stock
Exchange under the symbol ‘‘PBY’’. There were 5,414 registered shareholders as of April 24, 2008. The
following table sets forth for the periods listed, the high and low sale prices and the cash dividends
paid on the Company’s common stock.
MARKET PRICE PER SHARE
Cash
Market Price Per Share Dividends
High Low Per Share
Fiscal year ended February 2, 2008
Fourth Quarter ................................ $15.14 $ 8.25 $0.0675
Third Quarter ................................. 17.97 13.50 0.0675
Second Quarter ................................ 22.49 15.90 0.0675
First Quarter .................................. 19.93 14.73 0.0675
Fiscal year ended February 3, 2007
Fourth Quarter ................................ $16.05 $12.48 $0.0675
Third Quarter ................................. 14.58 9.33 0.0675
Second Quarter ................................ 14.96 10.66 0.0675
First Quarter .................................. 16.55 14.05 0.0675
It is the present intention of the Company’s Board of Directors to continue to pay regular
quarterly cash dividends; however, the declaration and payment of future dividends will be determined
by the Board of Directors in its sole discretion and will depend upon the earnings, financial condition
and capital needs of the Company and other factors which the Board of Directors deems relevant.
On September 7, 2006, the Company renewed its share repurchase program and reset the authority
back to $100,000,000 for repurchases to be made from time to time in the open market or in privately
negotiated transactions. During the first quarter of fiscal 2007, the Company repurchased 2,702,460
shares of Common Stock for $50,841,000. The Company also disbursed during the first quarter of fiscal
2007, $7,311,000 for 494,800 shares of Common Stock repurchased during the fourth quarter of 2006.
This program expired on September 30, 2007.
EQUITY COMPENSATION PLANS
The following table sets forth the Company’s shares authorized for issuance under its equity
compensation plans at February 2, 2008:
Number of securities
Number of securities remaining available for
to be issued upon future issuance under
exercise of equity compensation
outstanding options, Weighted-average price plans (excluding securities
warrants and rights of outstanding options reflected in column (a))
(a) (b) (c)
Equity compensation plans
approved by security
holders .............. 2,347,089 $12.97 1,444,982
Equity compensation plans
not approved by security
holders .............. 1,000,000 $ 7.54 —
Total .................. 3,347,089 $11.34 1,444,982
14
10-K