WeightWatchers 2015 Annual Report Download - page 31

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PART II
Item 5. Market for Registrant’s Common Equity, Related Shareholder Matters and Issuer Purchases of
Equity Securities
Our common stock is listed on the NYSE. Our common stock trades on the NYSE under the symbol
“WTW.”
The following table sets forth, for the periods indicated, the high and low sales prices per share for our
common stock as reported on the NYSE composite price history.
Fiscal 2015 (Year ended January 2, 2016)
High Low
First Quarter ........................................................ $21.53 $6.71
Second Quarter ...................................................... $ 8.93 $4.06
Third Quarter ........................................................ $ 7.14 $3.67
Fourth Quarter ....................................................... $28.05 $6.01
Fiscal 2014 (Year ended January 3, 2015)
High Low
First Quarter ....................................................... $33.43 $19.50
Second Quarter ..................................................... $25.15 $19.52
Third Quarter ....................................................... $27.90 $19.09
Fourth Quarter ...................................................... $29.84 $21.21
On October 9, 2003, our Board of Directors authorized, and we announced, a program to repurchase up to
$250.0 million of our outstanding common stock. On each of June 13, 2005, May 25, 2006 and October 21, 2010,
our Board of Directors authorized, and we announced, adding $250.0 million to this program. The repurchase
program allows for shares to be purchased from time to time in the open market or through privately negotiated
transactions. No shares will be purchased from Artal Holdings Sp. z o.o., Succursale de Luxembourg, or Artal
Holdings, and its parents and subsidiaries under this program. The repurchase program currently has no
expiration date. We repurchased no shares of our common stock during the fourth quarter of fiscal 2015. As of
the end of fiscal 2015, $208.9 million remained available to purchase shares of our common stock under the
repurchase program.
Holders
The approximate number of holders of record of our common stock as of February 1, 2016 was 287. This
number does not include beneficial owners of our securities held in the name of nominees.
Dividends
On October 30, 2013, we announced that we suspended our quarterly cash dividend. Prior to the suspension,
we had been issuing a quarterly cash dividend of $0.175 per share of our common stock every quarter for several
fiscal years. We currently intend to use the annual cash savings from such dividend suspension to preserve
financial flexibility while funding our strategic growth initiatives and building cash for future debt repayments.
Any future determination to declare and pay dividends will be made at the discretion of our Board of Directors,
after taking into account our financial results, capital requirements and other factors it may deem relevant. The
WWI Credit Facility (as defined below) also contains restrictions on our ability to pay dividends on our common
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