Snapple 2008 Annual Report Download - page 43

Download and view the complete annual report

Please find page 43 of the 2008 Snapple 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 150

  • 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
  • 143
  • 144
  • 145
  • 146
  • 147
  • 148
  • 149
  • 150

PART II
ITEM 5. MARKET FOR REGISTRANT’S COMMON EQUITY, RELATED STOCKHOLDER MATTERS
AND ISSUER PURCHASES OF EQUITY SECURITIES
In the United States, our common stock is listed and traded on the New York Stock Exchange under the symbol
“DPS”.
The following table sets forth, for the quarterly periods indicated, the high and low sales prices per share for
our common stock, as reported on the New York Stock Exchange composite tape, and dividend per share
information:
2008 High Low
Dividends
Declared
Common Stock
Market Prices
Fourth Quarter . ........................................ $26.13 $13.78 $ —
Third Quarter . . ........................................ 26.52 20.18 —
Second Quarter . ........................................ 26.50 20.98 —
First Quarter(1) ........................................ N/A N/A N/A
(1) No common stock of DPS was traded prior to May 7, 2008, and no DPS equity awards were outstanding for the
prior periods. As of May 7, 2008, the number of basic shares includes approximately 500,000 shares related to
former Cadbury Schweppes benefit plans converted to DPS shares on a daily volume weighted average. Further,
there have been no dividends declared or paid since the Company’s separation from Cadbury.
We currently intend to retain cash generated from our business to repay our debt and for other corporate
purposes and do not currently anticipate paying any cash dividends in the short term. In the long term, we intend to
invest in our business and consider returning excess cash to our stockholders. The declaration and payment of
dividends or the repurchase of our common stock are subject to the discretion of our board of directors. Any
determination to pay dividends or repurchase our common stock will depend on our results of operations, financial
condition, capital requirements, credit ratings, contractual restrictions and other factors deemed relevant at the time
of such determination by our board of directors.
As of March 20, 2009, there were approximately 60,000 stockholders of record of our common stock. This
figure does not include a substantially greater number of “street name” holders or beneficial holders of our common
stock, whose shares are held of record by banks, brokers, and other financial institutions.
The information under the principal heading “Equity Compensation Plan Information” in our definitive Proxy
Statement for the Annual Meeting of Stockholders to be held on May 19, 2009, to be filed with the Securities and
Exchange Commission (the “Company’s 2009 Proxy Statement”), is incorporated herein by reference.
During the fiscal year ended December 31, 2008, we did not sell any equity securities that were not registered
under the Securities Act of 1933, as amended.
During the fiscal year ended December 31, 2008, we did not repurchase any of our own common stock.
19