Pep Boys 2012 Annual Report Download - page 54

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ITEM 3 LEGAL PROCEEDINGS
The Company is party to various actions and claims arising in the normal course of business. The
Company believes that amounts accrued for awards or assessments in connection with all such matters
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 will 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 MINE SAFETY DISCLOSURES
Not applicable.
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 4,173 registered shareholders as of March 30, 2013.
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
Market Price Per
Share Cash Dividends
High Low Per Share
Fiscal 2012
Fourth quarter ........................... $11.16 $ 9.48 $ —
Third quarter ............................ 10.57 8.76 —
Second quarter ........................... 14.93 8.67 —
First quarter ............................. 15.46 14.90 —
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
On January 29, 2012, the Board of Directors suspended all future cash dividend payments. On
December 12, 2012, the Board of Directors of the Company authorized a program to repurchase up to
$50.0 million of the Company’s common stock. The program is effective immediately and has no
expiration date. During the fourth quarter of fiscal 2012, the Company repurchased 35,000 shares of
Common Stock for $342,000. All of these repurchased shares were placed into the Company’s treasury.
A portion of the treasury shares will be used by the Company to provide benefits to employees under
its compensation plans.
EQUITY COMPENSATION PLANS
The following table sets forth the Company’s shares authorized for issuance under its equity
compensation plans at February 2, 2013:
Number of Number of securities
securities to be Weighted remaining available
issued upon average for future issuance
exercise of exercise price under equity
outstanding of outstanding compensation plans
options, options, (excluding securities
warrants and warrants and reflected in the first
rights (a) rights (b) column (a))
Equity compensation plans approved by security
holders ................................. 2,751,725 $5.10 2,901,018
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