Pep Boys 2008 Annual Report Download - page 78

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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 5,261 registered shareholders as of April 3, 2009. 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 January 31, 2009
Fourth Quarter ............................... $ 5.31 $ 2.62 $0.0675
Third Quarter ................................ 9.49 3.00 0.0675
Second Quarter ............................... 10.36 6.40 0.0675
First Quarter ................................. 12.56 8.59 0.0675
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
On March 12, 2009, the Board of Directors reduced the quarterly cash dividend to $0.03 per share.
It is the present intention of the Board of Directors to continue to pay this quarterly cash dividend;
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 year 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 year 2007, $7,311,000 for 494,800 shares of Common Stock repurchased during the
fourth quarter of fiscal year 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 January 31, 2009:
Number of securities
Number of securities remaining available for
to be issued upon future issuance under
exercise of Weighted average exercise price equity compensation
outstanding options, of outstanding options, plans (excluding securities
warrants and rights warrants and rights reflected in column (a)
(a) (b) (c)
Equity compensation plans
approved by security
holders .............. 1,293,952 $9.34 1,638,118
Equity compensation plans
not approved by security
holders .............. — — 500,000
Total ................. 1,293,952 $9.34 2,138,118
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