WeightWatchers 2005 Annual Report Download - page 31
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dividend rate of $0.70 per share. The initial quarterly dividend will be payable on April 7, 2006 to
shareholders of record at the close of business on March 24, 2006. Prior to this recently announced
dividend, we had not declared or paid any cash dividends on our common stock since our acquisition
by Artal in 1999.
Any decision to declare and pay dividends in the future will be made at the discretion of our
Board of Directors, after taking into account our financial results, capital requirements and other
factors they may deem relevant. Our Board of Directors may decide at any time to decrease the
amount of dividends or discontinue the payment of dividends based on these factors. The Weight
Watchers International credit facility also contains restrictions on our ability to pay dividends on our
common stock. See ‘‘Management’s Discussion and Analysis of Financial Condition and Results of
Operations—Liquidity and Capital Resources—Dividends’’ for a description of these restrictions.
Securities Authorized for Issuance Under Equity Compensation Plans
The following table summarizes our equity compensation plan information as of December 31,
2005:
Equity Compensation Plan Information
Number of securities
to be issued upon
exercise
of outstanding Weighted average
options, exercise price of Number of securities
warrants and outstanding options, remaining available
Plan category rights(1) warrants and rights(2) for future issuance
Equity compensation plans approved by
shareholders ..................... 3,006,250 $28.14 2,201,141
Equity compensation plans not approved by
shareholders ..................... — — —
Total ............................ 3,006,250 $28.14 2,201,141
(1) Consists of 2,824,851 shares of our common stock issuable upon the exercise of outstanding
options and 181,399 shares of our common stock issuable upon the vesting of restricted stock units
awarded under our 2004 Stock Incentive Plan and our 1999 Stock Purchase and Option Plan.
(2) Includes weighted average exercise price of stock options outstanding of $28.14 and restricted stock
units of $0.
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