Audiovox 2005 Annual Report Download - page 22

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representations, warranties and covenants contained in the asset purchase
agreement and for other matters, subject to certain limitations. Significant
indemnification claims by UTSI could have a material adverse effect on the
Company's financial condition and results of operation. The Company is not aware
of any such claim(s) for indemnification.
ITEM 4−SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS
No matters were submitted to a vote of security holders during the quarter
ended November 30, 2005.
PART II
ITEM 5−MARKET FOR THE REGISTRANT'S COMMON EQUITY, RELATED STOCKHOLDER MATTERS
AND ISSUER PURCHASES OF EQUITY SECURITIES
MARKET INFORMATION
The Class A Common Stock of Audiovox is traded on the Nasdaq Stock Market
under the symbol "VOXX". The following table sets forth the low and high sale
price of our Class A Common Stock, based on the last daily sale in each of the
last eight fiscal quarters:
FISCAL PERIOD HIGH LOW
−−−−−−−−−−− −−−−−−−−−−−
2004:
First Quarter $16.70 $12.30
Second Quarter 20.49 12.78
Third Quarter 17.40 14.37
Fourth Quarter 17.81 14.09
2005:
First Quarter 16.85 14.91
Second Quarter 15.30 12.54
Third Quarter 18.88 14.81
Fourth Quarter 18.21 12.98
DIVIDENDS
We have not paid or declared any cash dividends on our common stock. We
have retained, and currently anticipate that we will continue to retain, all of
our earnings for use in developing our business. Future cash dividends, if any,
will be paid at the discretion of our Board of Directors and will depend, among
other things, upon our future operations and earnings, capital requirements and
surplus, general financial condition, contractual restrictions and such other
factors as our Board of Directors may deem relevant.
HOLDERS
There are approximately 640 holders of record of our Class A Common Stock
and 4 holders of Class B Convertible Common Stock.
17