Redbox 2013 Annual Report Download - page 25

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16
California, County of Alameda, by a California resident, John Sinibaldi. A third similar complaint alleging only a violation of
Song-Beverly, was filed in March 2011 in the Superior Court of the State of California, County of San Diego, by a California
resident, Richard Schiff. Plaintiffs are seeking compensatory damages and civil penalties, injunctive relief, attorneys' fees, costs
of suit, and interest. Redbox removed the Mehrens case to the U.S. District Court for the Central District of California, the
Sinibaldi case to the U.S. District Court for the Northern District of California, and the Schiff case to the U.S. District Court for
the Southern District of California. The Sinibaldi case was subsequently transferred to the U.S. District Court for the Central
District of California, where the Mehrens case is pending, and these two cases have been consolidated. At the same time, the
plaintiffs substituted Nicolle DiSimone as the named plaintiff in the Mehrens case. After Redbox filed a motion to dismiss, stay,
or transfer, the Schiff case was transferred to the U.S. District Court for the Central District of California. On January 4, 2013,
the Court dismissed with prejudice the Schiff case for failure to prosecute and failure to comply with court rules and orders.
Redbox moved to dismiss the DiSimone/Sinibaldi case, and DiSimone/Sinibaldi moved for class certification. In January 2012,
the Court granted Redbox's motion to dismiss with prejudice and denied DiSimone/Sinibaldi's motion for class certification as
moot. On February 2, 2012, Plaintiffs filed their notice of appeal. After a stay pending the California Supreme Court's decision
in a case presenting similar issues involving Song-Beverly in a case to which Redbox is not a party, Plaintiffs filed their
opening brief on April 15, 2013. The matter is fully briefed, and oral argument occurred on January 8, 2014. We believe that the
claims against us are without merit and intend to defend ourselves vigorously in this matter. Currently, no accrual has been
established as it is not possible to estimate the possible loss or range of loss because this matter had not advanced to a stage
where we could make any such estimate.
ITEM 4. MINE SAFETY DISCLOSURES
Not applicable.
PART II
ITEM 5. MARKET FOR REGISTRANT’S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND
ISSUER PURCHASES OF EQUITY SECURITIES
Market Information and Stock Prices
Our common stock is traded on the NASDAQ Global Select Market under the symbol “OUTR.” The following table sets forth
the high and low sale prices per share as reported by the NASDAQ Global Select Market for our common stock for each
quarter during the last two fiscal years. The quotations represent inter-dealer prices without retail markup, markdown or
commission and may not necessarily represent actual transactions.
2013 High Low
Quarter 1 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 59.16 $ 46.83
Quarter 2 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 61.29 50.70
Quarter 3 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 65.60 46.25
Quarter 4 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 72.09 49.97
2012 High Low
Quarter 1 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 64.85 $ 40.68
Quarter 2 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 69.74 56.27
Quarter 3 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 71.82 43.73
Quarter 4 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 54.16 40.50
The approximate number of holders of record of our common stock at February 3, 2014 was 87.
Dividends
We have never declared or paid any cash dividends on our common stock. The payment of future dividends, if any, is reviewed
periodically by Outerwall's directors and management and will depend upon, among other things, existing conditions, including
earnings, financial condition and capital requirements, restrictions in financing agreements, business opportunities and other
conditions and factors, including prospects.