Saks Fifth Avenue 2009 Annual Report Download - page 21

Download and view the complete annual report

Please find page 21 of the 2009 Saks Fifth Avenue annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 142

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130
  • 131
  • 132
  • 133
  • 134
  • 135
  • 136
  • 137
  • 138
  • 139
  • 140
  • 141
  • 142

Table of Contents
Description
Starting
Basis
1/29/05 1/28/06 2/3/07 2/2/08 1/31/09 1/30/10
Saks Incorporated $ 100.00 $ 137.75 $ 217.71 $ 205.39 $ 28.22 $ 72.12
S&P Midcap 400 $ 100.00 $ 123.18 $ 135.57 $ 134.06 $ 82.57 $ 118.37
S&P 500 Department Stores $ 100.00 $ 116.76 $ 167.93 $ 107.22 $ 50.65 $ 84.67
Retail Peer Group $ 100.00 $ 139.52 $ 189.41 $ 123.72 $ 41.20 $ 83.52
This “Performance Graph” section shall not be deemed to be “soliciting material” or to be “filed” with the SEC or subject to Regulation 14A or 14C or to
the liabilities of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”).
Dividends
During the fiscal years ended January 30, 2010 and January 31, 2009, the Company did not declare any dividends. Future dividends, if any, will be
determined by the Company’s Board of Directors in light of circumstances then existing, including earnings, financial requirements, and general business
conditions. The Company does not anticipate declaring dividends in the foreseeable future.
Purchases of Equity Securities by the Issuer and Affiliated Purchasers
The Company has a share repurchase program that authorizes it to purchase shares of the Company’s common stock. The Company did not repurchase any
shares of common stock during 2009. The Company has remaining availability of approximately 32.7 million shares under its 70 million authorized share
repurchase program.
Securities Authorized for Issuance under Equity Compensation Plans
The following table provides equity compensation plan information for all plans approved and not approved by the Company’s shareholders, as of
January 30, 2010:
Plan Category (1)
Number of securities
to be issued upon
exercise of outstanding
options, warrants and
rights (#) (a)
Weighted-average
exercise price of
outstanding options,
warrants and
rights ($) (b)
Number of securities
remaining available
for future issuance under
equity compensation
plans (excluding securities
in column (a)) (2) (c)
Equity compensation plans approved by security
holders 2,016,731 $ 11.37 6,027,589
Equity compensation plans not approved by security
holders (3) 257,235 $ 6.43 —
Total 2,273,966 $ 10.81 6,027,589
(1) In connection with the acquisition of its former Parisian business, the Company assumed then-outstanding stock options previously granted to employees
and directors of the acquired corporation. No additional grants or awards may be made under the plan pursuant to which these stock options were granted.
As of January 30, 2010, the total number of shares of Common Stock to be issued upon exercise of these stock options was 34,707 and the
weighted-average exercise price of these stock options was $6.54. These stock options are not included in the table.
(2) This amount represents shares of Common Stock available for issuance under the 2009 Incentive Plan. Awards available for grant under the 2009
Incentive Plan include options, stock appreciation rights, restricted stock, performance units, and any combination of the foregoing awards.
19
Source: SAKS INC, 10-K, March 18, 2010 Powered by Morningstar® Document Research℠