Pitney Bowes 2015 Annual Report Download - page 29

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13
ITEM 1B. UNRESOLVED STAFF COMMENTS
None.
ITEM 2. PROPERTIES
We own or lease numerous facilities worldwide, which house general offices, including our corporate headquarters located in Stamford,
Connecticut, sales offices, service locations, data centers and call centers. We conduct research and development, manufacturing and
assembly, product management, information technology and many other activities at our Global Technology Center located in Danbury,
Connecticut. Our other primary research and development facility is located in Noida, India. Management believes that our facilities are
well maintained, are in good operating condition and are suitable and adequate for our current business needs.
ITEM 3. LEGAL PROCEEDINGS
In the ordinary course of business, we are routinely defendants in, or party to, a number of pending and threatened legal actions. These
may involve litigation by or against us relating to, among other things, contractual rights under vendor, insurance or other contracts;
intellectual property or patent rights; equipment, service, payment or other disputes with clients; or disputes with employees. Some of
these actions may be brought as a purported class action on behalf of a purported class of employees, clients or others.
In December 2013, we received a Civil Investigative Demand (CID) from the Department of Justice (DOJ) pursuant to the False Claims
Act requesting documents and information relating to compliance with certain postal regulatory requirements in our Presort Services
business. We provided information to the DOJ in response to letter requests and the CID. On October 9, 2015, we reached a settlement
with the DOJ without any admission of liability, for $7 million, net of recoveries.
ITEM 4. MINE SAFETY DISCLOSURES
Not applicable.
PART II
ITEM 5. MARKET FOR THE COMPANY'S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER
PURCHASES OF EQUITY SECURITIES
Our common stock is traded under the symbol "PBI" and is principally traded on the New York Stock Exchange (NYSE). At January 31,
2016, we had 17,989 common stockholders of record. The following table sets forth the high and low sales prices, as reported on the
NYSE, and the cash dividends paid per share of common stock, for the periods indicated.
Stock Price Dividend Per
ShareHigh Low
2015
First Quarter $ 24.60 $ 21.15 $ 0.1875
Second Quarter $ 23.93 $ 20.79 0.1875
Third Quarter $ 21.64 $ 18.59 0.1875
Fourth Quarter $ 21.76 $ 19.12 0.1875
$ 0.75
2014
First Quarter $ 26.63 $ 21.01 $ 0.1875
Second Quarter $ 28.23 $ 24.06 0.1875
Third Quarter $ 28.37 $ 24.63 0.1875
Fourth Quarter $ 25.68 $ 22.38 0.1875
$ 0.75