Pep Boys 2011 Annual Report Download - page 60

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are adequate and that the ultimate resolution of these matters will not have a material adverse effect
on the Company’s financial position. However, there exists a possibility of loss in excess of the amounts
accrued, the amount of which cannot currently be estimated. While the Company does not believe that
the amount of such excess loss could be material to the Company’s financial position, any such loss
could have a material adverse effect on the Company’s results of operations in the period(s) during
which the underlying matters are resolved.
ITEM 4 (REMOVED AND RESERVED)
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 4,399 registered shareholders as of March 30, 2012.
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 Dividends
Per Share Per
High Low Share
Fiscal 2011
Fourth quarter ............................... $12.08 $10.21 $0.03
Third quarter ................................ 12.04 8.18 0.03
Second quarter .............................. 14.28 10.27 0.03
First quarter ................................ 14.70 10.53 0.03
Fiscal 2010
Fourth quarter ............................... $15.96 $11.37 $0.03
Third quarter ................................ 12.00 8.82 0.03
Second quarter .............................. 13.26 7.86 0.03
First quarter ................................ 13.42 8.08 0.03
On March 12, 2009, the Board of Directors reduced the quarterly cash dividend to $0.03 per share.
On January 29, 2012, the Board of Directors suspended all future dividend payments in anticipation of
the Company’s pending merger pursuant to the terms of the Merger Agreement. See Note 19 of the
Notes to Consolidated Financial Statements in ‘‘Item 8 Financial Statements and Supplementary Data’’
for additional information.
On January 26, 2010, the Company terminated the flexible employee benefits trust (the ‘‘Trust’’)
that was established on April 29, 1994 to fund a portion of the Company’s obligations arising from
various employee compensation and benefit plans. In accordance with the terms of the Trust, upon its
termination, the Trust’s sole asset, consisting of 2,195,270 shares of the Company’s common stock, was
transferred to the Company in exchange for the full satisfaction and discharge of all intercompany
indebtedness then owed by the Trust to the Company. The termination of the Trust had no impact on
the Company’s consolidated financial statements, except for the reclassification of the shares within the
shareholders equity section of the Company’s Consolidated Balance Sheets.
16