SkyWest Airlines 2011 Annual Report Download - page 41

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Atlantic Southeast moved for dismissal of Delta’s claims in the Superior Court. A hearing on SkyWest
Airlines’ and Atlantic Southeast’s motion was held on April 27, 2011, after which the Superior Court
dismissed Delta’s complaint in its entirety. Discovery in the lawsuit is ongoing.
On September 22, 2011, Delta filed a motion for leave to file a counterclaim against SkyWest and
Atlantic Southeast. The proposed counterclaim contains claims for unjust enrichment and breach of
contract related to alleged non-revenue positive space flying by SkyWest and Atlantic Southeast
employees for non-Delta related business. Delta’s proposed counterclaim does not specify an amount of
damages, but the proposed counterclaim alleges, on information and belief, that Delta’s damages
exceed $4.5 million. The State Court has not ruled on Delta’s motion for leave to file its proposed
counterclaim.
SkyWest Airlines and ExpressJet continue to vigorously pursue their claims set forth in the State
Court complaint and will defend against Delta’s proposed counterclaim if the court grants Delta leave
to file.
ITEM 4. MINE SAFETY DISCLOSURES
The disclosure required by this item is not applicable.
PART II
ITEM 5. MARKET FOR REGISTRANT’S COMMON EQUITY, RELATED STOCKHOLDER
MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES
Market Price for Our Common Stock
Our common stock is traded on The Nasdaq Global Select Market under the symbol ‘‘SKYW.’’ At
February 10, 2012, there were approximately 923 stockholders of record of our common stock.
Securities held of record do not include shares held in securities position listings. The following table
sets forth the range of high and low closing sales prices for our common stock, during the periods
indicated.
2011 2010
Quarter High Low High Low
First .................................... 17.08 15.05 17.28 13.86
Second .................................. 16.76 14.39 15.49 12.17
Third ................................... 15.49 10.95 14.05 11.48
Fourth ................................... 13.67 10.51 16.72 13.73
The transfer agent for our common stock is Zions First National Bank, Salt Lake City, Utah.
Dividends
During 2011 and 2010, our Board of Directors declared regular quarterly dividends of $0.04 per
share.
37