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Table of Contents
PART II
Item 5. Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities
Systemax common stock is traded on the New York Stock Exchange under the symbol “SYX.” The following table sets forth the high and low
closing sales price of our common stock as reported on the New York Stock Exchange for the periods indicated.
On January 3, 2009, the last reported sale price of our common stock on the New York Stock Exchange was $10.87 per share. As of January 3,
2009, we had 230 shareholders of record.
On March 3, 2008, the Company’s Board of Directors declared a special dividend of $1.00 per share payable on April 2, 2008 to shareholders of
record on March 21, 2008. This special dividend is the second dividend we have paid since our initial public offering. Depending in part upon
profitability, the strength of our balance sheet, our cash position and the need to retain cash for the development and expansion of our business,
we may decide to declare another special dividend in the future.
On March 14, 2007, the Company’s Board of Directors declared a special dividend of $1.00 per share payable on April 12, 2007 to shareholders
of record on April 2, 2007. This special dividend was the first dividend we have paid since our initial public offering.
In May 2008, the Company’s Board of Directors authorized the repurchase of up to 2,000,000 shares of the Company’s common stock. During
2008 the Company repurchased 475,301 common shares. Detail of those purchases is as follows:
Information regarding securities authorized for issuance under equity compensation plans and a performance graph relating to the Company’s
common stock is set forth in the Company’s Proxy Statement relating to the 2009 annual meeting of shareholders and is incorporated by
reference herein.
19
High
Low
2008
First Quarter
$
20.32
$
9.01
Second Quarter
20.89
12.06
Third Quarter
18.43
14.04
Fourth Quarter
15.10
8.75
2007
First Quarter
$
30.13
$
18.10
Second Quarter
21.75
16.22
Third Quarter
22.12
17.60
Fourth Quarter
24.47
17.95
Fiscal Month
Total Number of
Shares Purchased
Average Price
Paid Per Share
Total Number
of Shares
Purchased as
Part of Publicly
Announced Plans
or Programs
Maximum Number
of Shares that May
Yet Be Purchased
Under the Plans or
Programs
August
228,401
$
15.04
228,401
1,771,599
December
246,900
$
9.67
475,301
1,524,699
Total
475,301
$
12.25