Pep Boys 2013 Annual Report Download - page 88
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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 3,935 registered shareholders as of April 5, 2014. Since
January 29, 2012 we have not paid a dividend on our common stock. The following table sets forth for
the periods listed, the high and low sale prices of the Company’s common stock, as reported by the
New York Stock Exchange:
Market Price
Per Share
High Low
Fiscal 2013
Fourth quarter ....................................... $13.86 $11.36
Third quarter ....................................... 13.05 11.01
Second quarter ...................................... 12.94 11.14
First quarter ........................................ 12.14 10.29
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
On December 12, 2012, the Company’s Board of Directors authorized a program to repurchase up
to $50.0 million of the Company’s common stock to be made from time to time in the open market or
in privately negotiated transactions, with no expiration date.
The Company repurchased 238,000 shares of common stock for $2.8 million in Fiscal 2013. There
were no shares repurchased in the fourth quarter of 2013. The Company repurchased 35,000 shares of
common stock for $0.3 million in Fiscal 2012 and no shares were repurchased in Fiscal 2011. The
repurchased shares are included in the Company’s treasury stock.
EQUITY COMPENSATION PLANS
The following table sets forth the Company’s shares authorized for issuance under its equity
compensation plans at February 1, 2014:
Number of securities
remaining available for
Number of securities future issuance under
to be issued upon Weighted average equity compensation
exercise of exercise price of plans (excluding
outstanding options, outstanding options, securities reflected
warrants and rights (a) warrants and rights (b) in the first column (a))
Equity compensation plans approved by
security holders ................ 2,738,100 $5.26 2,831,084
The Company maintains an Employee Stock Purchase Plan with an authorized aggregate share
limit of 2,000,000 shares of Pep Boys’ Common Stock. Eligible employees can elect to have up to
10 percent of compensation deducted for purchase of Company stock at a discount under the Plan. For
fiscal 2013, 2012, and 2011, respectively, the total number of shares sold to employees was 62,547;
39,552; and 20,963. As of February 1, 2014, the total remaining for purchase was 1,875,753 shares.
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