Baskin Robbins 2012 Annual Report Download - page 33

Download and view the complete annual report

Please find page 33 of the 2012 Baskin Robbins 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 112

  • 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

-23-
matter. The Company strongly disagrees with the decision reached by the Court and believes the damages awarded were
unwarranted. As such, the Company is vigorously appealing the decision.
In addition, the Company is engaged in several matters of litigation arising in the ordinary course of its business as a franchisor.
Such matters include disputes related to compliance with the terms of franchise and development agreements, including claims
or threats of claims of breach of contract, negligence, and other alleged violations by the Company.
Item 4. Mine Safety Disclosures
Not applicable.
PART II
Item 5. Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity
Securities.
Our common stock has been listed on the NASDAQ Global Select Market under the symbol “DNKN” since July 27, 2011.
Prior to that time, there was no public market for our common stock. The following table sets forth for the periods indicated the
high and low sale prices of our common stock on the NASDAQ Global Select Market.
Fiscal Quarter High Low
2012
First Quarter (13 weeks ended March 31, 2012) $ 32.44 $ 24.35
Second Quarter (13 weeks ended June 30, 2012) $ 37.02 $ 29.58
Third Quarter (13 weeks ended September 29, 2012) $ 36.11 $ 27.93
Fourth Quarter (13 weeks ended December 29, 2012) $ 33.49 $ 28.62
2011
Third Quarter (13 weeks ended September 24, 2011)(1) $ 31.94 $ 24.97
Fourth Quarter (14 weeks ended December 31, 2011) $ 29.93 $ 23.24
(1) Represents period from July 27, 2011, the date of our initial public offering, through the end of the quarter
On February 15, 2013, we had 248 holders of record of our common stock.
Dividend policy
No dividends were declared or paid during fiscal year 2011.
During fiscal year 2012, the Company paid dividends on common stock as follows:
Dividend per
share
Total amount
(in millions) Payment date
Fiscal year 2012:
First quarter $ 0.15 $ 18.0 March 28, 2012
Second quarter $ 0.15 $ 18.1 May 16, 2012
Third quarter $ 0.15 $ 18.1 August 24, 2012
Fourth quarter $ 0.15 $ 15.9 November 14, 2012
On January 31, 2013, we announced that our board of directors approved the next quarterly dividend of $0.19 per share of
common stock payable February 20, 2013.