Rite Aid 2013 Annual Report Download - page 24

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We received a subpoena dated May 9, 2011 from certain California counties seeking information
regarding compliance with environmental regulations governing the management of hazardous waste.
We have responded to the subpoena, are cooperating with California regulators, and continue to review
our operations pertaining to the management of hazardous materials. We are in discussions with the
California regulators and have recorded an estimated amount to settle these matters.
We were served with a Civil Investigative Demand Subpoena Duces Tecum dated August 26, 2011
by the United States Attorney’s Office for the Eastern District of Michigan. The subpoena requests
records regarding Rite Aid’s Rx Savings Program and the reporting of usual and customary charges to
publicly funded health programs. In connection with the same investigation, we were served with a Civil
Subpoena Duces Tecum dated February 22, 2013 by the State of Indiana Office of the Attorney
General. We are completing our response to both of the subpoenas and are unable to predict the
timing or outcome of any review by the government of such information.
In addition to the above described matters, we are subject from time to time to various claims and
lawsuits and governmental investigations arising in the ordinary course of our business. While our
management cannot predict the outcome of any of the claims, our management does not believe that
the outcome of any of these legal matters will be material to our consolidated financial position. It is
possible, however, that our results of operations or cash flows in a particular fiscal period could be
materially affected by an unfavorable resolution of pending litigation or contingencies.
Item 4. Mine Safety Disclosures
Not applicable
PART II
Item 5. Market for Registrant’s Common Equity, Related Stockholder Matters and Issuers Purchases
of Equity Securities.
Our common stock is listed on the NYSE under the symbol ‘‘RAD.’’ On April 11, 2013, we had
approximately 23,400 stockholders of record. Quarterly high and low closing stock prices, based on the
composite transactions, are shown below.
Fiscal Year Quarter High Low
2014 (through April 11, 2013) ...................... First $2.12 $1.65
2013 ........................................ First 2.05 1.18
Second 1.45 1.12
Third 1.33 1.00
Fourth 1.70 0.97
2012 ........................................ First 1.31 0.98
Second 1.35 0.97
Third 1.33 0.91
Fourth 1.67 1.14
We have not declared or paid any cash dividends on our common stock since the third quarter of
fiscal 2000 and we do not anticipate paying cash dividends on our common stock in the foreseeable
future. Our senior secured credit facility, second priority secured term loan facility and some of the
indentures that govern our other outstanding indebtedness restrict our ability to pay dividends.
We have not sold any unregistered equity securities during the period covered by this report, nor
have we repurchased any equity securities, during the period covered by this report.
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