Audiovox 2006 Annual Report Download - page 16

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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 nine fiscal quarters:
Year ended February 28, 2007 High Low
First Quarter................................................... $12.98 $11.20
Second Quarter ................................................ 14.81 11.78
Third Quarter .................................................. 15.19 12.63
Fourth Quarter................................................. 15.99 12.82
Three months ended February 28, 2006 High Low
December 1, 2005 through February 28, 2006 ...................... $15.87 $12.35
Year ended November 30, 2006 High Low
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 643 holders of record of our Class A Common Stock and 4 holders of
Class B Convertible Common Stock.
Issuer Purchases of Equity Securities
In September 2000, we were authorized by the Board of Directors to repurchase up to 1,563,000
shares of Class A Common Stock in the open market under a share repurchase program (the
‘‘Program’’). In July 2006, the Board of Directors authorized an additional repurchase up to 2,000,000
Class A Common Stock in the open market in connection with the Program. As of February 28, 2007,
the cumulative total of acquired shares pursuant to the program was 1,693,047, with a cumulative
value of $16,979 reducing the remaining authorized share repurchase balance to 1,869,953. During the
year ended February 28, 2007, we purchased 305,100 shares for $4,155 resulting in an average price
paid per share of $13.60. No treasury stock purchases were made during the three months ended
February 28, 2007.
Performance Graph
The following table compares the annual percentage change in our cumulative total stockholder
return on our common Class A common stock during a period commencing on February 28, 2002 and
ending on February 28, 2007 with the cumulative total return of the Nasdaq Stock Market (US) Index
and our SIC Code Index, during such period.
15